28-32 44th St - Apartments FOR SALE


Astoria, NY 11103- Downtown Astoria
$2,700,000 USD
718-662-2222
28-32 44th St, Astoria, NY for Sale
$2,700,000 USD
Apartments - FOR SALE
1/20
null | 6.44% Cap Rate

28-32 44th St
Astoria, NY 11103
Downtown Astoria


HIGHLIGHTS

  • Annual Rent Roll: $277,139
  • Property Taxes: $26,066
  • Rent roll and expenses available by request, and proof of funds/pre-approval required prior to showing.

OVERVIEW

Welcome to 28-32 44th Street, a completely detached, four-story, 12-unit rent-stabilized building situated just off 30th Avenue in the heart of Astoria, Queens. This exceptional investment property features a full basement and three distinct one-bedroom layouts, providing flexibility and appeal to a variety of tenants. Each of the 12 one-bedroom units is thoughtfully designed with plenty of windows, ensuring an abundance of natural light throughout the building. The property’s detached structure enhances privacy and ventilation, making it even more desirable for tenants. Astoria remains one of the most sought-after rental markets, ensuring strong occupancy rates and consistent rental income. With its proximity to major transit, vibrant dining, and retail corridors, this property presents a compelling opportunity for investors seeking long-term value appreciation in a high-demand neighborhood.

FOR SALE DETAILS

PRICE

$2,700,000 USD

PRICE/SF

$368 USD /SF

# OF UNITS

12

PRICE/UNIT

$225,000

CAP RATE

6.44%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

1928

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.05 AC

LAND SF

2,354 SF

ZONING

R5

APN/PARCEL ID

00699-0033

ASK ABOUT THIS PROPERTY

Paul HalvatzisAmorelli RealtyMore Info
718-662-2222

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Paul HalvatzisAmorelli RealtyMore Info
718-662-2222

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