3172 44th St - Multi-Family FOR SALE


Astoria, NY 11103- Downtown Astoria
$1,240,000 USD
516-626-1500
3172 44th St, Astoria, NY for Sale
$1,240,000 USD
Multi-Family - FOR SALE
1/74
null | Request Cap Rate

3172 44th St
Astoria, NY 11103
Downtown Astoria


OVERVIEW

Welcome to 31-72 44th Street, Astoria. This is an exceptional investment opportunity in the heart of vibrant Astoria! This well-maintained legal 6 family building features six two-bedroom apartments, offering a desirable unit mix in one of Queens’ most sought-after neighborhoods. All units are rent stabilized and consist of four currently occupied units, providing immediate rental income, while the two top-floor apartments adjoining each other will be delivered vacant. No rent controlled apartments. This unique configuration offers excellent flexibility for an owner to live in one unit or combine the two units to create an expansive living space while still benefiting from strong rental income from the remaining apartments. The strong rental history with long term tenants and potential for rental growth enhance long term value. Additional building features include a full basement offering ample storage space and laundry, enhancing tenant convenience and long-term value. A private rear yard provides outdoor space that is rarely found in multifamily properties and adds further appeal for residents. Ideally situated on quiet residential block yet just moments from Astoria’s vibrant dining scene, shopping, parks, and convenient transportation options, the property enjoys consistently strong rental demand. Whether you are an investor looking for a stable, income-producing asset or a user seeking the opportunity to live in a large owner’s residence while collecting rental income, 31-72 44th Street represents a rare opportunity to acquire a solid six-unit property in the thriving Astoria Market. Building Size (25X66) =Approximately 4458 Sqft. Lot Size (25X100) Zoning R5.

FOR SALE DETAILS

PRICE

$1,240,000 USD

PRICE/SF

$278 USD /SF

# OF UNITS

6

PRICE/UNIT

$206,667

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1928

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

00693-0061

ASK ABOUT THIS PROPERTY

Philip LaffeyLaffey Real EstateMore Info
516-626-1500

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Philip LaffeyLaffey Real EstateMore Info
516-626-1500

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