18-31 Ditmars Blvd - Apartments FOR SALE


Astoria, NY 11105
$1,425,000 USD
718-614-8349
18-31 Ditmars Blvd, Astoria, NY for Sale
$1,425,000 USD
Apartments - FOR SALE
1/24
null | Request Cap Rate

18-31 Ditmars Blvd
Astoria, NY 11105


HIGHLIGHTS

  • Across from Astoria Park
  • Short Distance From N/W Subway Station
  • Building in Pristine Condition

OVERVIEW

Seize this incredible opportunity to own a pristine 6-family building perfectly positioned directly across from the picturesque Astoria Park, offering serene park views right from your doorstep. Situated on the highly desirable Ditmars Blvd and just half a block from Shore Blvd, this semi-detached, brick building presents an excellent investment prospect or an ideal option for an owner-occupant looking to generate rental income. The building features a total of six spacious apartments, including five generously sized, box-style 2-bedroom, 1-bathroom units, and one fully renovated 1-bedroom, 1-bathroom unit, catering to a variety of tenant preferences. One of the 2-bedroom free market apartments will be delivered vacant, allowing for immediate rental potential or the perfect setup for an owner’s personal residence. Meticulously maintained, this property is fully up-to-date on lead paint testing, as well as gas and parapet inspections, ensuring peace of mind and compliance with all safety regulations. Additional updates include: the main sewer line was replaced in 2018, two new 275 gallon oil tanks with supporting pipe system were installed in 2015, and a new hot water heater with burner was installed in 2020 among many other upgrades. Its prime location not only offers stunning views but also provides easy access to the vibrant lifestyle that Astoria is known for, with countless dining, shopping, and entertainment options nearby. Astoria Park features an Olympic sized swimming pool, newly renovated track, tennis courts and playgrounds providing endless opportunities for recreation and relaxation. Don’t miss out on this rare opportunity to invest in a building that combines outstanding rental income potential with an unbeatable location.

FOR SALE DETAILS

PRICE

$1,425,000 USD

PRICE/SF

$287 USD /SF

# OF UNITS

6

PRICE/UNIT

$237,500

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1931

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.06 AC

LAND SF

2,526 SF

ZONING

R5D

APN/PARCEL ID

00896-0018

ASK ABOUT THIS PROPERTY

Anthony Lo VermeBlue Brick Real EstateMore Info
718-614-8349

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Anthony Lo VermeBlue Brick Real EstateMore Info
718-614-8349

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.