3425 9th St presents an exceptional multifamily investment opportunity in the highly desirable Astoria neighborhood of Queens, New York. This three-story property spans approximately 3,900 square feet across six apartment units, with two units delivered vacant to accommodate immediate repositioning or owner-occupancy options. Situated on a 5,000-square-foot lot with 50 feet of frontage, the asset also offers significant development potential with R5 residential zoning. Investors can capitalize on the property’s prime location in Hallett’s Cove, a vibrant residential area surrounded by retail, dining, and robust transit connectivity, including proximity to the NYC subway and ferry services. The property falls within an Opportunity Zone, enabling investors to explore potential tax advantages. This is a rare chance to acquire an income-producing property with clear upside through redevelopment or value-add strategies in one of Queens’ fastest-growing neighborhoods.