27-18 Newtown ave Avenue, Astoria, NY 11102

Property Description

Prime Three-Family Property with Expansion Potential in the Heart of Astoria Located just a few blocks from the 30th Avenue subway station (N/W lines), this R6-zoned three-family building offers an unbeatable location in one of Queens’ most vibrant and sought-after neighborhoods. Each of the three residential units features two bedrooms and one bathroom, providing strong rental appeal with a big backyard. There is immediate upside potential, and with air rights for an additional floor (verify with your architect), the property presents a rare opportunity for expansion and increased income. Surrounded by a dynamic mix of dining, shopping, lounges, clubs, and cafés, the property puts you at the center of Astoria’s cultural and culinary rhythm. Plus, it’s just a short walk to Astoria Park, a 60-acre urban oasis packed with recreational amenities like a running track, tennis courts, skate park, playgrounds, and riverside views, and is also conveniently close to Mount Sinai Queens hospital. Whether you’re an investor seeking value-add opportunities, a developer ready to expand, or an end-user who wants to live in one unit and rent out the others, this property delivers location, flexibility, and growth potential—all in one of NYC’s most desirable communities.