For Sale
$1,560,000

22-09 48Th StQueens, NY 11105

Luxury 2-unit building, prime location.

Overview

Added:
Dec 11, 2024
Days on market:
117
This exceptional Class A, two-unit apartment building presents a compelling investment opportunity in the highly desirable Astoria, Queens neighborhood. Located at 22-09 48th Street, this meticulously maintained property boasts a total of 1,880 square feet of net rentable space, situated on a 2,241 square foot lot. Built in 1960 and extensively renovated in 2020, the building is in move-in condition. The property features two apartments: a two-bedroom, 1.5-bathroom unit on the first floor with a modern open-concept kitchen and spacious rooms; and a three-bedroom, 1.5-bathroom unit on the upper floor, showcasing an open layout, large windows, stainless steel appliances, granite countertops, and abundant cabinet space. A fully finished basement provides additional space, a separate entrance, and parking for two cars, complemented by a detached garage. The property is zoned R4, offering potential for future development or expansion. With an asking price of $1,560,000, this represents a strong value proposition at $780,000 per unit in this prime location. This is a rare opportunity to acquire a turnkey investment property in a thriving market. The building's recent renovations, desirable features, and prime location make it an ideal investment for both seasoned and first-time investors seeking a high-return, low-maintenance property.

Highlights

  • $1,560,000 asking price for this Class A, Core investment opportunity.
  • Astoria, Queens, NY multifamily property located at 22-09 48th St, zip code 11105.
  • Two-unit apartment building, totaling 1,880 square feet of net rentable space, built in 1960 and renovated in 2020.
  • Features a two-bedroom, 1.5-bathroom unit and a three-bedroom, 1.5-bathroom unit, both with modern kitchens and open floor plans.
  • Includes a finished basement with a separate entrance, detached garage, and parking for two cars.

Property Details for 22-09 48Th St

Property type
Apartment buildings
Class
A
Year Built/Renovated
1960/2020
Buildings
1
Stories
2
Units
2

Location Insight

City
Queens
County
Queens
State
New York
Latitude
40.7689197
Longitude
-73.9012037
22-09 48Th St, Queens, New York

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22-09 48Th St
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