Description
This well-positioned asset is a rare find that offers investors an opportunity to acquire a free-market, income-producing property in one of Queens' most desirable and rapidly growing neighborhoods. The building features a strong tenant mix and consistent cash flow, making it an ideal long-term hold for investors seeking stability and appreciation.The ground floor retail space is occupied by a popular and well-established restaurant with two years remaining on its lease, providing reliable commercial income.Above the retail space are three residential units, consisting of one three-bedroom apartment, one two-bedroom apartment, and one one-bedroom apartment, all currently occupied and all are month to month. The property has been meticulously maintained and thoughtfully upgraded, with high ceilings and offering a true turn-key investment with minimal to no immediate capital requirements.Strategically located in prime Astoria, the property sits just one block from Northern Boulevard and is only a five-minute walk to the R/M subway station, providing excellent access to Manhattan and surrounding neighborhoods. The area is surrounded by vibrant retail corridors, renowned restaurants, and continued residential growth, making Astoria one of Queens' most sought-after investment markets.43-06 34th Avenue represents an exceptional opportunity to acquire a free-market mixed-use asset with immediate cash flow and significant long-term upside in a premier Queens location.
Details
| MLS # | 974837 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1928 |
| Days On Site | 172 |
| Listing Provided By | Charles Rutenberg Realty Inc | Vincent J. Alessi SFR SRES |
Features
| Bed(s) | 7 |
|---|---|
| Bath(s) | 3 Total |
| SQ Feet | 4,020 |
| Basement | Y |
| Units | 4 |
Interior
| Cooling | Wall/Window Unit(s) |
|---|---|
| Heating | Natural Gas |
| Interior Features | Beamed Ceilings, High Speed Internet |
Exterior
| Construction Materials | Brick |
|---|---|
| Foundation Details | Concrete Perimeter |
| Lot Features | Near School, Near Shops |
Parking
| Garage Yes / No | No |
|---|---|
| Parking Features | None |
Utilities
| Utilities | Natural Gas Connected |
|---|---|
| Sewer | Public Sewer |
Taxes
| Tax Year | 2025 |
|---|---|
| Tax Annual Amount | 35354 |
| Tax Lot | 27 |
Area Information
| State | NY |
|---|---|
| County | Queens |
| City | Astoria |
| Zip Code | 11101 |
| School District | William Cullen Bryant High Schoo |
| Elementary School | Ps 166 Henry Gradstein |
| High School | William Cullen Bryant High Schoo |
| Listing VS Median (in 11101) | |
Price: $2,700,000 low | high Med: $1,025,000 sqft: 4,020 low | high Med: 612 $ / sqft: $672 low | high Med: $1,675 On site: 172 low | high Med: 31 | |
Market Activity 11101
Request a showing
Request a showing
Contact
Learn More About This Property
| State | NY |
|---|---|
| County | Queens |
| City | Astoria |
| Zip Code | 11101 |
| School District | William Cullen Bryant High Schoo |
| Elementary School | Ps 166 Henry Gradstein |
| High School | William Cullen Bryant High Schoo |
| Listing VS Median (in 11101) | |
Price: $2,700,000 low | high Med: $1,025,000 sqft: 4,020 low | high Med: 612 $ / sqft: $672 low | high Med: $1,675 On site: 172 low | high Med: 31 | |
