3151 35th St - Apartments FOR SALE


Astoria, NY 11106- Downtown Astoria
$1,750,000 USD
917-242-7756
3151 35th St, Astoria, NY for Sale
$1,750,000 USD
Apartments - FOR SALE
1/6
null | 5.47% Cap Rate

3151 35th St
Astoria, NY 11106
Downtown Astoria


HIGHLIGHTS

  • Prime Astoria Location
  • Fully Occupied
  • Potential Upside

OVERVIEW

Exceptional opportunity to own a solid 6-family brick building in one of the most desirable and high-demand areas of Astoria, Queens. Ideally situated just off the vibrant corridors of 31st Avenue and Broadway, this well-maintained property offers both immediate income potential and long-term appreciation in a rapidly growing neighborhood. The property features 6 fully occupied 2 bedroom, 1 bathroom apartments that have benefitted from recent upgrades. All of the units are currently under rent stabilization collecting below the legal rents. This offers future upside. Located just steps from shopping, dining, cafes, and nightlife, this property is within walking distance to multiple subway lines (N/W trains), offering easy access to Manhattan and throughout Queens. Strong rental demand, a stable tenant base, and proximity to everything make this an ideal turn-key investment or 1031 exchange candidate.

FOR SALE DETAILS

PRICE

$1,750,000 USD

PRICE/SF

$290 USD /SF

# OF UNITS

6

PRICE/UNIT

$291,667

CAP RATE

5.47%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Legal 6 Family-Prime Astoria Location

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1925

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.06 AC

LAND SF

2,614 SF

ZONING

R6B

APN/PARCEL ID

00648-0021

ASK ABOUT THIS PROPERTY

Theodosis NeocliAstoria RealtyMore Info
917-242-7756

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Theodosis NeocliAstoria RealtyMore Info
917-242-7756

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.