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$2,875,000
1038965 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!

14-18 31st Street, Astoria

$2,700,000
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

$249,000
2 Beds 1 Baths 958889 MLS
LOWEST price TWO BEDROOM in ASTORIA is the Best indication of SELLER MOTIVATION!!! The unit is being sold with an established existing tenant paying $2,000 per month on a "No Lease" basis. One of the "Hot Spots" in Astoria on the "quiet top floor"... No noise above you and views! Washer, dryer, and dishwasher are allowed in the unit. An exceptional 2-bedroom co-op in the desirable Acropolis Astoria. Natural light streams in through large windows in every room, creating a bright and airy ambiance. The Acropolis offers amenities such as a laundry room, a serene private garden, and convenient bike storage. This co-op allows for subletting and co-purchasing, making it a flexible living option. Conveniently located in the heart of Astoria, you're just a short walk to the N/W subway station, offering an easy 30-minute commute to Manhattan. Additionally, you'll find yourself near major highways, shopping centers, authentic dining establishments, bars, cafes, and stores. IN UNIT WASHER/DRYER & DISHWASHER ARE ALL PERMITTED!

21-05 33 Street Unit #5F, Astoria

$249,000
2 Beds 1 Baths 959006 MLS
LOWEST price TWO BEDROOM in ASTORIA is the Best indication of SELLER MOTIVATION!!! The unit is being sold with an established existing tenant paying $2,000 per month on a "No Lease" basis. One of the "Hot Spots" in Astoria on the "quiet top floor"... No noise above you and views! Washer, dryer, and dishwasher are allowed in the unit. An exceptional 2-bedroom co-op in the desirable Acropolis Astoria. Natural light streams in through large windows in every room, creating a bright and airy ambiance. The Acropolis offers amenities such as a laundry room, a serene private garden, and convenient bike storage. This co-op allows for subletting and co-purchasing, making it a flexible living option. Conveniently located in the heart of Astoria, you're just a short walk to the N/W subway station, offering an easy 30-minute commute to Manhattan. Additionally, you'll find yourself near major highways, shopping centers, authentic dining establishments, bars, cafes, and stores. IN UNIT WASHER/DRYER & DISHWASHER ARE ALL PERMITTED!

21-78 35 Street Unit #5F, Astoria

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.