For Sale
$2,550,000

30-26 43Rd StQueens, NY 11103

10-Unit Apartment Building, High NOI

Overview

Added:
Dec 11, 2024
Days on market:
117
This well-maintained, three-story apartment building at 30-26 43rd Street, Astoria, NY 11103, presents a compelling investment opportunity. The property, built in 1924, comprises ten units within a single building situated on a 5,019 square foot lot. The building's classification is C, and it's zoned R5. The current asking price is $2,550,000, with a Net Operating Income (NOI) of $155,452. The unit mix includes two spacious two-bedroom apartments, six large one-bedroom apartments, and two studios. Each unit features high ceilings and generously sized rooms, currently in excellent condition. The property benefits from a prime location in Astoria, offering convenient access to public transportation. A fifteen-minute walk reaches the N/W 30th Ave Station, while the Q18 bus is just two blocks away on Steinway Street. Major roadways, including the Queensboro Bridge, Grand Central Parkway, and Triboro Bridge, are also easily accessible, enhancing the property's appeal and potential for strong rental income. This represents a rare opportunity to acquire a well-performing multifamily asset in a highly desirable neighborhood. The building's strong cash flow and convenient location make it an attractive investment for both owner-users and passive investors.

Highlights

  • Well-maintained, three-story, ten-unit apartment building in Astoria, NY.
  • Situated on a 5,019 sq ft lot, built in 1924, with a C classification and R5 zoning.
  • Asking price: $2,550,000, with a Net Operating Income (NOI) of $155,452.
  • Unit mix: two 2-bedroom, six 1-bedroom, and two studio apartments, all with high ceilings and large rooms.
  • Prime Astoria location, 15-minute walk to N/W 30th Ave Station, two blocks from Q18 bus, and easy access to major roadways.

Property Details for 30-26 43Rd St

Property type
Apartment buildings
Class
C
Year Built
1924
Buildings
1
Stories
3
Units
10

Location Insight

City
Queens
County
Queens
State
New York
Latitude
40.7621089
Longitude
-73.9133631
30-26 43Rd St, Queens, New York

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30-26 43Rd St
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