4304 34th Ave - Freestanding FOR SALE


Astoria, NY 11101- Downtown Astoria
$3,500,000 USD
718-578-7495
4304 34th Ave, Astoria, NY for Sale
$3,500,000 USD
Freestanding - FOR SALE
1/32
null | 6% Cap Rate

4304 34th Ave
Astoria, NY 11101
Downtown Astoria


OVERVIEW

NY Space Finders proudly presents 43-04 34th Avenue, a premier mixed-use investment opportunity located in the heart of Astoria, Queens. This well-positioned asset offers investors the rare opportunity to acquire a free-market, income-producing property in one of Queens’ most desirable and rapidly growing neighborhoods. The building features a strong tenant mix and consistent cash flow, making it an ideal long-term hold for investors seeking stability and appreciation. The ground floor retail space is occupied by a popular and well-established cocktail lounge/restaurant, a well-known destination in the neighborhood, operating under a long-term lease that provides reliable commercial income. Above the retail space are four residential units, consisting of three (3) one-bedroom apartments and one (1) two-bedroom apartment, all currently leased with one-year leases in place, offering 100% free-market residential units with strong tenant demand. The property has been meticulously maintained and thoughtfully upgraded, with updated plumbing and electrical systems throughout the building, offering a true turn-key investment with minimal immediate capital requirements. Strategically located in prime Astoria, the property sits just one block from Northern Boulevard and is only a five-minute walk to the R/M subway station, providing excellent access to Manhattan and surrounding neighborhoods. The area is surrounded by vibrant retail corridors, renowned restaurants, and continued residential growth, making Astoria one of Queens’ most sought-after investment markets. 43-04 34th Avenue represents an exceptional opportunity to acquire a free-market mixed-use asset with immediate cash flow and significant long-term upside in a premier Queens location.

FOR SALE DETAILS

PRICE

$3,500,000 USD

PRICE/SF

$650 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1928

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.05 AC

LAND SF

2,178 SF

ZONING

R6B/C1-4

APN/PARCEL ID

00703-0026

ASK ABOUT THIS PROPERTY

Rocco PasquarielloNY Space FindersMore Info
718-578-7495

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Rocco PasquarielloNY Space FindersMore Info
718-578-7495

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