UPDATED:
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID 935529
Bedrooms 5
Full Baths 4
Rental Info No
Year Built 1923
Annual Tax Amount $15,804
Lot Size 2,326 Sqft
Acres 0.0534
Lot Dimensions 24.5 x 95
Property Sub-Type Quadruplex
Source onekey2
Property Description
The property requires upgrades, giving the next owner full flexibility to modernize the units, increase overall income, and align the building with market-level rents. One of the one-bedroom units, 2R, has already been renovated and will be delivered vacant, allowing immediate leasing at current market rates or use as a model unit for the rest of the building.
Unit Layouts
• 1F: Kitchen, living room, one bedroom, full bath
• 1R: Kitchen, living room, one bedroom, full bath
• 2F: Kitchen, living room, two bedrooms, full bath
• 2R: Kitchen, living room, one bedroom, full bath
• Basement: Full, unfinished
• Outdoor space: Rear yard
Recent Structural and Mechanical Updates
(Completed within the past ten years)
• Roof
• Windows
• Boiler
These updates reduce near-term capital expenses and give investors the ability to focus resources on interior improvements that maximize rental value.
Location Highlights
Located on a quiet residential block just steps from 34th Avenue and Broadway. This area is known for strong rental demand, consistent appreciation, and long-term tenant retention. Everyday conveniences, dining, cafes, nightlife, and shopping are all within a short walk, making this property highly attractive to renters seeking central Astoria living.
Transportation
A short walk to the N and W trains with a commute of about twenty minutes to Manhattan. Easy access to major highways, bridges, and thoroughfares.
Property Information
• Annual taxes: $15,804
• Lot dimensions: 24.5 x 95
• Basement: Full, unfinished
Current Tenancy
• 1F (1 bedroom): Tenant occupied. Lease ends May 31, 2026
• 1R (1 bedroom): Tenant occupied. Lease ends August 31, 2026
• 2F (2 bedroom): Tenant occupied. Lease ends December 15, 2025
• 2R (1 bedroom): Renovated and delivered vacant
This property combines free-market status, an excellent location, building size, and renovation upside. Investors seeking a value-add opportunity in a high-demand Astoria neighborhood will find strong potential for income growth and long-term performance.
Location
State NY
County Queens
Rooms
Basement Full, Unfinished
Interior
Interior Features First Floor Bedroom, First Floor Full Bath, Eat-in Kitchen
Heating Natural Gas
Cooling None
Flooring Hardwood
Fireplace No
Exterior
Parking Features None
Fence Back Yard
Utilities Available Sewer Available, Sewer Connected, Water Available, Water Connected
Garage false
Private Pool No
Building
Lot Description Back Yard, Near Public Transit, Near School, Near Shops
Sewer Public Sewer
Water Public
Structure Type Brick
Schools
Elementary Schools Ps 166 Henry Gradstein
Middle Schools Is 204 Oliver W Holmes
High Schools Queens 30
School District Queens 30
Others
Senior Community No
Special Listing Condition None
Get More Information