For Sale
$23,500,000

23-15 Astoria BlvdQueens, NY 11102

Luxury Astoria apartments, high ROI.

Overview

Added:
Dec 11, 2024
Days on market:
117
This exceptional seven-story, 37-unit apartment building, constructed in 2013, presents a compelling investment opportunity in the vibrant Astoria neighborhood of Queens, New York. Boasting a 5.13% cap rate and a strong net operating income (NOI) of $1,205,267, this property offers significant potential for cash flow. Situated on a 10,276 square foot lot, the building features a desirable mix of amenities including a large rooftop deck with stunning Manhattan skyline views, on-site laundry facilities, and parking. Each of the 37 one-bedroom units includes a private terrace or balcony, enhancing their appeal to renters. The modern, open-concept interiors feature hardwood floors, sleek kitchens with stainless steel appliances, and ample closet space. The building benefits from a 15-year tax abatement, projected to expire in 2031. Its prime location provides easy access to public transportation (N/W trains), Astoria Park, and a wealth of local shops and restaurants. The property is zoned R6A, R5B, and C1-3, offering flexibility for future development or operational strategies. This is a rare opportunity to acquire a high-performing multifamily asset in a rapidly appreciating market. The asking price is $23,500,000.

Highlights

  • $23,500,000 Asking Price
  • 37-unit apartment building in Astoria, Queens
  • 5.13% Cap Rate, $1,205,267 NOI
  • Seven-story building constructed in 2013 on a 10,276 sq ft lot
  • R6A, R5B, C1-3 zoning.

Property Details for 23-15 Astoria Blvd

Property type
Apartment buildings
Year Built
2013
Buildings
1
Stories
7
Units
37

Location Insight

City
Queens
County
Queens
State
New York
Latitude
40.771581054906
Longitude
-73.923750197967
23-15 Astoria Blvd, Queens, New York

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
23-15 Astoria Blvd
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message