Astoria Homes with Unfinished Basement

Astoria Homes with Unfinished Basement

Welcome to Astoria, a vibrant neighborhood located in Queens, New York! Known for its rich history, diverse community, and convenient location, Astoria offers a unique blend of urban living and suburban charm. With its close proximity to Manhattan and excellent transportation options, it has become a sought-after destination for both residents and visitors.

Astoria is a melting pot of cultures, offering a wide range of culinary delights, from Greek tavernas to trendy cafes and international cuisine. The neighborhood is also home to a thriving arts scene, with numerous galleries, theaters, and music venues showcasing local talent.

If you're in the market for a home in Astoria, you'll be pleased to know that there are many options available, including homes with unfinished basements. Having an unfinished basement provides homeowners with a blank canvas to create their own unique space, whether it be a home gym, a workshop, or additional storage.

Homes with unfinished basements offer the opportunity for customization and expansion, allowing homeowners to add value to their property. Whether you're looking for a fixer-upper or a home that you can personalize to your liking, Astoria has a variety of options to suit your needs.

With its vibrant atmosphere, diverse community, and homes with unfinished basements, Astoria is an excellent choice for those looking to settle down in Queens, New York. Explore all that this charming neighborhood has to offer and find your dream home in Astoria.

Newest Astoria Homes with Unfinished Basement

$2,950,000
1005439 MLS
Azure Realty is proud to exclusively present 14-18 31st Avenue, a trophy 6-unit multifamily asset in the heart of Astoria, Queens, representing a rare, premier acquisition opportunity direct from the original developer. Custom designed and completed in 2016 by renowned architect Steven Kuo, this striking residential masterpiece seamlessly fuses contemporary luxury with elite investment fundamentals, showcasing six immaculate apartments equipped with gourmet quartz kitchens, ultra-contemporary designer bathrooms, rich hardwood flooring, extra-large windows, and a premium video intercom security system. Built for the sophisticated investor, the asset is fully stabilized by a proven roster of premium tenants yielding a strong cap rate near 6%, while offering immediate capital protection through a protected Tax Class 2A designation and an active 421-a tax abatement through 2032, at which point all units legally revert to lucrative Free Market status. Furthermore, a new owner can immediately supercharge revenue and asset valuation through incredible value-add upside, including converting the massive 8-foot-high cellar into 12 to 15 tenant storage units (projected to generate an additional $24,000 to $36,000 annually), installing a coin-operated multi-machine laundry room, and styling the outdoor footprint into a communal tenant lounge. Perfectly situated just steps from the vibrant dining and entertainment along 30th Avenue and Broadway, and within seamless walking distance to the N and W subway stations for an efficient Manhattan commute, this transit-oriented location ensures a perpetual pool of top-tier professional renters. Inquire for building setup!

1418 31st Avenue, Astoria

$2,800,000
7 Beds 3 Baths 974837 MLS
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.

43-06 34 Avenue, Astoria

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Listings courtesy of OneKey® MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.