New ListingPrime Astoria Mixed-Use Investment & Development Opportunity! Excellent opportunity for developers and investors in a highly desirable Astoria location. This mixed-use property features 2 residential units plus 1 commercial storefront, offering strong existing rental income along with significant future development potential. Situated on a 25 x75 lot with R7X / C2-3 zoning, the property presents an attractive opportunity for potential redevelopment into a larger mixed-use building, subject to zoning, DOB requirements, and approvals. The existing building consists of 3 stories plus a full basement, offering approximately 3,432 sq. ft. of interior space with a building footprint of approximately 22x52. Each residential unit features 3 bedrooms and 1 full bathroom. The property is separately equipped with 3 electric meters and 3 gas meters and benefits from relatively low property taxes. Conveniently located near the N/W subway at Astoria Blvd, with easy access to shopping, restaurants, transportation, and neighborhood amenities. An excellent opportunity for investors, developers, 1031 exchange buyers, or owner-investors seeking strong rental income, attractive cap-rate potential, and long-term redevelopment upside in one of Astoria's prime locations.
| MLS # | 1058409 |
|---|---|
| Listing Type | For Sale |
| Style | Mixed Use |
| Sub-Type | Resale |
| Status | Active |
| Year | 1901 |
| Days On Site | 6 |
| Listing Provided By | EXP Realty | Xingye Fu |
| SQ Feet | 3,432 |
|---|---|
| Basement | Y |
| Story(s) | 3 |
| Units | 3 |
| Building(s) | 1 |
| Zoning | R7X |
| Acreage | 0.04 |
| Cooling | Wall/Window Unit(s) |
|---|---|
| Heating | Natural Gas, Steam |
| Construction Materials | Block |
|---|
| Utilities | Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected |
|---|---|
| Sewer | Public Sewer |
| Tax Year | 2026 |
|---|---|
| Tax Assessed Value | 121680 |
| Tax Annual Amount | 9770.76 |
| State | NY |
|---|---|
| County | Queens |
| City | Astoria |
| Zip Code | 11102 |
| School District | William Cullen Bryant High Schoo |
| Elementary School | Ps 17 Henry David Thoreau |
| High School | William Cullen Bryant High Schoo |
| Listing VS Median (in 11102) | |
Price: $2,100,000 low | high Med: $884,000 sqft: 3,432 low | high Med: 836 $ / sqft: $612 low | high Med: $1,058 On site: 6 low | high Med: 359 | |
| State | NY |
|---|---|
| County | Queens |
| City | Astoria |
| Zip Code | 11102 |
| School District | William Cullen Bryant High Schoo |
| Elementary School | Ps 17 Henry David Thoreau |
| High School | William Cullen Bryant High Schoo |
| Listing VS Median (in 11102) | |
Price: $2,100,000 low | high Med: $884,000 sqft: 3,432 low | high Med: 836 $ / sqft: $612 low | high Med: $1,058 On site: 6 low | high Med: 359 | |
![]() | $2,100,0001833 27th AvenueAstoria, NY 11102 |