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$2,800,000
Est. payment /mo
2,130 Sqft Lot
UPDATED:
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
MLS Listing ID 873721
Rental Info No
Year Built 1931
Annual Tax Amount $46,490
Lot Size 2,130 Sqft
Acres 0.0489
Property Sub-Type Mixed Use
Source onekey2
Property Description
Turnkey Mixed-Use Investment Opportunity in Prime Astoria – 4.8% Cap Rate
Now available: a rare opportunity to acquire a well-maintained corner mixed-use property in the heart of Astoria—one of Queens' most sought-after neighborhoods for both renters and small businesses.
Investment Highlights:
4 Residential Units
2 one-bedroom apartments
2 two-bedroom apartments with additional half baths
All units leased with strong rental history
Upside potential in future rent increases
2 Ground-Level Commercial Spaces
Established Coffee Shop and Thriving Beauty Salon
High visibility corner location with excellent foot traffic
Reliable, long-term tenants in place
Full Basement
Valuable bonus space with flexible use for storage or commercial operations
Attractive 4.8% Cap Rate
Strong in-place income with room for value-add improvements
Ideal for 1031 exchange, portfolio diversification, or long-term hold
Located near major transit lines, retail corridors, and residential growth, this property offers immediate cash flow with long-term appreciation potential. Perfect for investors looking to expand into a high-demand, low-vacancy submarket.
Now available: a rare opportunity to acquire a well-maintained corner mixed-use property in the heart of Astoria—one of Queens' most sought-after neighborhoods for both renters and small businesses.
Investment Highlights:
4 Residential Units
2 one-bedroom apartments
2 two-bedroom apartments with additional half baths
All units leased with strong rental history
Upside potential in future rent increases
2 Ground-Level Commercial Spaces
Established Coffee Shop and Thriving Beauty Salon
High visibility corner location with excellent foot traffic
Reliable, long-term tenants in place
Full Basement
Valuable bonus space with flexible use for storage or commercial operations
Attractive 4.8% Cap Rate
Strong in-place income with room for value-add improvements
Ideal for 1031 exchange, portfolio diversification, or long-term hold
Located near major transit lines, retail corridors, and residential growth, this property offers immediate cash flow with long-term appreciation potential. Perfect for investors looking to expand into a high-demand, low-vacancy submarket.
Location
State NY
County Queens
Rooms
Basement Full
Interior
Heating See Remarks
Cooling Central Air
Fireplace No
Exterior
Utilities Available See Remarks
Building
Foundation Other
Sewer Other
Water Other
Structure Type Other
Others
Special Listing Condition None
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Listed by Oxford Property Group USA