35-02 Ditmars Blvd - Apartments FOR SALE


Astoria, NY 11105
$7,500,000 USD
929-260-9118
35-02 Ditmars Blvd, Astoria, NY for Sale
$7,500,000 USD
Apartments - FOR SALE
1/22
null | Request Cap Rate

35-02 Ditmars Blvd
Astoria, NY 11105


HIGHLIGHTS

  • Strong pedestrian and vehicle traffic
  • Central air conditioning for the first-floor commercial space
  • Full basement with storage
  • Strong pedestrian and vehicle traffic
  • Near the Astoria–Ditmars Boulevard subway station
  • Sidewalk heating system

OVERVIEW

Prime Mixed-Use Investment Property in the Heart of Astoria’s Ditmars-Steinway District. Located at 35-02 Ditmars Boulevard, Astoria, NY 11105, this highly visible corner property offers an excellent opportunity for investors seeking strong rental income, diversified tenancy, and long-term appreciation potential. The three-story mixed-use building sits on a 20 x 100 lot and offers approximately 4,500 square feet of usable space. The property is zoned R5D/C1-3 and features 5 separate electric meters and 2 gas meters. Annual real estate taxes are approximately $26,424. The property consists of three retail spaces currently generating approximately $20,000, $3,000, and $3,000 per month, along with two spacious three-bedroom residential apartments renting for approximately $3,650 and $3,750 per month. Total annual rental income is approximately $400,000. Additional features include central air conditioning for the first-floor commercial space, a sidewalk heating system, and a full basement with storage. Ideally positioned along the busy Ditmars Boulevard commercial corridor, the property benefits from excellent visibility, strong pedestrian and vehicle traffic, and convenient access to neighborhood restaurants, shops, supermarkets, and other amenities. Located near the Astoria-Ditmars Blvd subway station with convenient N/W train service to Manhattan. A rare Astoria corner mixed-use asset offering multiple income streams, strong commercial exposure, and excellent long-term investment potential.

FOR SALE DETAILS

PRICE

$7,500,000 USD

PRICE/SF

$1,977 USD /SF

# OF UNITS

5

PRICE/UNIT

$1,500,000

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Storefront Retail/Residential, Dormitory

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1920

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.05 AC

LAND SF

2,178 SF

ZONING

R5D/C1-3

APN/PARCEL ID

00822-0029

ASK ABOUT THIS PROPERTY

Sophia YaoCHASE Global Realty Corp.More Info
929-260-9118

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Sophia YaoCHASE Global Realty Corp.More Info
929-260-9118

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