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$1,395,000
1048951 MLS
Exceptional value-add investment opportunity in the heart of Jackson Heights. This well-maintained five-family building, constructed in 1992, offers approximately 6,240 SF across four stories on a 25.42 x 100 lot, featuring renovated apartments, an updated lobby, and a newer roof and boiler (approximately five years old). The unit mix spans one-, two-, and three-bedroom layouts, and tenants pay their own gas, heat, and hot water, keeping owner expenses low. Current gross income of $142,020 supports a 4.7% cap rate at the asking price, with strong pro-forma upside to approximately 7.8% by bringing rents to market and capturing additional income from the lower level and on-site parking. Four parking spaces, including a two-car garage, are a rare and valuable amenity in this location. Located in a C2 commercial overlay zone, the ground floor offers flexibility for professional, medical, or office use, enhancing the property's long-term appeal. The building shows no open violations, and a survey is available. Set on a tree-lined street minutes from the 7 train, the 82nd Street and Roosevelt Avenue shopping corridor, restaurants, and parks, the location earns top walkability and transit ratings. Offered by a long-term absentee owner, this is a turnkey opportunity to acquire a well-located, income-producing asset with clear paths to increased revenue. Buyer to perform own due diligence regarding rents, unit configurations, and permitted uses.

35-57 86th Street, Jackson Heights

$2,350,000
1044240 MLS
Built in 1923 as part of the original Cambridge Court development, this distinctive property is located within the Jackson Heights Historic District and benefits from landmark status. The fully leased, 17-unit building offers immediate cash flow and represents an excellent addition to any real estate portfolio. Long-term ownership has carefully managed and maintained the property in very good condition. Situated on a charming, tree-lined block of 86th Street between 37th Avenue and Roosevelt Avenue, the property is surrounded by numerous commercial businesses, neighborhood amenities, shopping, dining and convenient transportation. This is not your average building of its size. The four-story walk-up boasts an impressive 65 feet of frontage on a substantial 65' × 100' lot totaling approximately 6,500 square feet. With a down payment of 40% or more, the seller will consider financing at 5% interest-only for the first two years. A well-maintained historic property, strong Jackson Heights location and attractive financing opportunity make this building a valuable addition to any investor’s portfolio.

3728 86th Street, Jackson Heights

$2,995,000
1045361 MLS
Presenting a rare opportunity to acquire a newly constructed eight-family multifamily property in the heart of Astoria, ideally situated just off 30th Avenue and 35th Street. The property consists of eight spacious one-bedroom, one-bathroom residences and offers an attractive combination of current income, operational efficiency, and meaningful future upside. The building was designed for long-term ownership with a streamlined, low-maintenance operating structure. It benefits from a valuable 15-year 421-a tax abatement in place through 2030, helping to significantly reduce real estate tax expenses and enhance current cash flow. Each apartment is separately metered, with tenants responsible for their own utilities, and all eight units are equipped with brand-new individual hot water tanks. A significant component of the investment opportunity is the property's rental upside. Current rents provide stable in-place income, while offering the potential for future rent growth and increased gross revenue as leases turn over and rents are adjusted where legally permitted. This creates an opportunity for a new owner to improve the property's income profile over time while benefiting from the existing tax abatement and efficient operating structure. Located in one of Queens' most desirable and established residential neighborhoods, the property is moments from the restaurants, cafés, shopping, nightlife, and conveniences that have made Astoria one of New York City's most sought-after rental markets. Convenient transportation provides easy access to Manhattan and further supports long-term tenant demand. With modern construction, eight income-producing units, low operating requirements, rental upside, favorable tax treatment, and a prime Astoria location, this property represents a compelling opportunity for an investor seeking both immediate cash flow and long-term appreciation potential.

28-29 35th Street, Astoria

$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

$2,000,000
1033949 MLS
First sale on 3 generations. Own a piece of Long Island City history on of the neighborhood’s most coveted and storied blocks, just off of Vernon Boulevard This 4,500 sf 6 family investment property has been well maintained by the same family for over 60 years and offers a stable tenant base, and up to date inspections and compliance with all local and state requirements. Built 25 x 60 and sitting on a 25x100’ lot, the property offers the ideal mix of quiet residential feel and prime location. The 3 story apartment building was constructed in 1931 and features a clean walkable basement and spacious planted backyard as well as a new roof and boiler The six apartments are all legal 1 bed 1 bath apartments, but configured as 2 bed railroad style residences. This is a rent stabilized investment and will be delivered fully occupied. The property is zoned M1-4/R6B and sits within the Long Island City Mixed use district. The FAR is 2.0 and there is 500 sf of unused air rights Rent roll and expenses upon request

10-47 47th Avenue, Long Island City

$1,749,000
1032403 MLS
Introducing an exceptional investment opportunity in the heart of Jackson Heights. This well-maintained, all-brick 5-unit multifamily building offers approximately 5,852 square feet of building area on a 2,337 square foot lot and is ideally positioned in one of Queens' most sought-after rental markets. The building is serviced by natural gas hot water heat with separate gas and electric meters, offering efficient management for investors. Zoned R5, this property presents strong long-term investment potential with consistent rental demand and future upside. Conveniently located near Roosevelt Avenue, public transportation, shopping, restaurants, schools, and major thoroughfares, this is a rare opportunity to acquire a stabilized multifamily asset in a prime Jackson Heights location. Ideal for both seasoned investors and those looking to expand their multifamily portfolio.

3525 86th Street, Jackson Heights

$3,500,000
1029974 MLS
Excellent investment opportunity in the heart of Corona, Queens. This package consists of two well-maintained, solid-brick buildings containing a total of 32 residential units, with 16 units in each building. The unit mix includes 21 one-bedroom apartments, and 11 two-bedroom Sale includes a package with 98-15 34th Avenue for a combined asking price of $7,250,000. Excellent investment opportunity in the heart of Corona, Queens. This package consists of two well-maintained, solid-brick buildings containing a total of 32 residential units, with 16 units in each building. The unit mix includes 21 one-bedroom apartments and 11 two-bedroom apartments. Of the 32 units, 30 are rent stabilized and 2 are rent controlled. Each building measures approximately 40 x 90 on a combined 80 x 100 lot. The properties are conveniently located near major roadways, schools, shopping, banks, restaurants, and other neighborhood amenities. Public transportation is easily accessible, including the 7 train at Roosevelt Avenue and Junction Boulevard, as well as nearby bus service along Northern Boulevard. The buildings offer strong potential for future rental growth and long-term appreciation, making this a compelling opportunity for an investor seeking a substantial multifamily asset in Queens. apartments. Of the 32 units, 30 are rent stabilized and 2 are rent controlled. Each building measures approximately 40 x 90 on a combined 80 x 100 lot. The properties are conveniently located near major roadways, schools, shopping, banks, restaurants, and other neighborhood amenities. Public transportation is easily accessible, including the 7 train at Roosevelt Avenue and Junction Boulevard, as well as nearby bus service along Northern Boulevard. The buildings offer strong potential for future rental growth and long-term appreciation, making this a compelling opportunity for an investor seeking a substantial multifamily asset in Queens.

98-15 34th Avenue, Corona

$3,750,000
1029746 MLS
Sale includes a package with 98-15 34th Avenue for a combined asking price of $7,250.000 Excellent investment opportunity in the heart of Corona, Queens. This package consists of two well-maintained, solid-brick buildings containing a total of 32 residential units, with 16 units in each building. The unit mix includes 21 one-bedroom apartments and 11 two-bedroom apartments. Of the 32 units, 30 are rent stabilized and 2 are rent controlled. Each building measures approximately 40 x 90 on a combined 80 x 100 lot. The properties are conveniently located near major roadways, schools, shopping, banks, restaurants, and other neighborhood amenities. Public transportation is easily accessible, including the 7 train at Roosevelt Avenue and Junction Boulevard, as well as nearby bus service along Northern Boulevard. The buildings offer strong potential for future rental growth and long-term appreciation, making this a compelling opportunity for an investor seeking a substantial multifamily asset in Queens. Properties can be sold individually. 3354 99 street for $3,500.000 and 99-15 34 Ave for $3,750.000.

3354 99th Street, Corona

$1,800,000
1017852 MLS
PUT YOUR MONEY TO INVESTMENT! Brick SD 6 FAM; Walk up Style Bldg. Bldg. Size= 20X82 (Three Stories). ; Lot Size= 25X100; Apartment mix: (1) 1 Br ; (5) 2 Br . All apartments are Rent Stabilized, NO RENT CONTROL. Yearly Income: $ 1350,300; Yearly Expenses: RE Taxes $ 28117; Gas Heat $ 8300; Water/Sewer: $ 3853; Insurance $ 5127; Electricity (Hallway /Basement/Boiler rm) $ 550. Bldg. is in excellent condition & violation free. Boiler is 5 years old, Roof is free of leaks & excellent condition, electrical is upgraded w/ circuit breaker panel. Great Location 3 blocks to Queens Blvd. near all shopping & transportation. Great rental area / zero vacancy rate. GONG! GONG! GONE!, Additional information: Appearance: excellent, Building Size:20X82

47-16 46 Street, Woodside

$2,800,000
1010639 MLS
8-Family Building For Sale Outstanding investment opportunity in the heart of Astoria. 30-18 23rd Street is an income-producing 8-family multifamily building featuring a strong and highly rent-able unit mix: one studio apartment, six one-bedroom apartments, and one two-bedroom duplex penthouse. The property is currently generating approximately $244,605.60 in annual gross income, including laundry income, with an estimated current NOI of approximately $160,400. Based on projected market rents, the building has potential to generate approximately $285,600 in annual gross income, with a projected pro forma NOI of approximately $201,400. This well-positioned Astoria asset offers immediate cash flow with upside potential, making it an excellent opportunity for investors seeking a stable multifamily property in a desirable Queens rental market. The two-bedroom duplex penthouse provides premium rental appeal, while the six one-bedroom apartments and studio offer consistent tenant demand and a balanced income stream. Current & Potential Rent Roll Unit:Layout-Current Monthly Rent -Potential Monthly Rent 1F Studio $1,676.56 PR:$2,100 1R 1 Bedroom $2,799.85 PR$3,250 2F 1 Bedroom $2,525.00 PR$2,750 2R 1 Bedroom $2,422.32 PR$2,800 3F 1 Bedroom $2,211.69 PR$2,750 3R 1 Bedroom $2,422.33 PR$2,800 4F 2 Bedroom Duplex Penthouse $3,661.34 PR$4,200 4R 1 Bedroom $2,464.71 PR$2,850 Laundry Additional Income $200 PR$300 Current Monthly Income: $20,383.80 Current Annual Gross Income: $244,605.60 Projected Monthly Income: $23,800 Projected Annual Gross Income: $285,600 Annual Expenses Expense Annual Amount Water $3,600 Con Edison $800 Taxes $70,803 Sprinkler Maintenance $3,000 Insurance $6,000 Total Annual Expenses: $84,203 Current NOI: Approximately $160,400 Projected NOI: Approximately $201,400

3018 23rd Street, Astoria

$1,598,000
1000736 MLS
20-70A Steinway Street presents a fantastic opportunity to acquire a mixed-use asset situated on one of Queens’ most iconic and high traffic thoroughfares. This well-maintained property offers a diversified income stream through a strategic blend of retail, residential units, and private indoor parking. Property Highlights - High Visibility Retail (1 Unit) - Residential Component (4 1br/1bth Apartments) - Private 2-Car Garage (1 Unit) The property is situated in the northern section of Steinway Street. The ground floor retail unit benefits from commercial zoning, which supports a wide array of high-street users. The retail and residential components provide fully occupied rentals. Private, enclosed parking garages are scarce commodities in Astoria, providing a value-add amenity to an apartment or a separate monthly income based upon a separate lease. Note: 20-70 Steinway Street is also available, consisting of a retail store, 3 residential apartments, and a garage.

2070A Steinway Street, Astoria

$4,500,000
990514 MLS
Excellent investment opportunity to own a **7-unit mixed-use building** in the heart of Astoria. This income-producing property consists of **4 residential apartments and 3 commercial units**, offering a strong and diversified revenue stream. The residential units provide stable rental income, while the commercial spaces benefit from strong street presence and consistent foot traffic. Conveniently located near transportation, shopping, dining, and the waterfront, the property is positioned in a highly desirable and active neighborhood. Ideal for investors seeking a well-located asset with steady income and long-term growth potential. **Building Details:** * Total Units: 7 * Residential Units: 4 * Commercial Units: 3 * Property Type: Mixed-Use

3067 14th Street, Astoria

$1,400,000
983653 MLS
Well-maintained 6-family building located in Woodside. Situated on a 27.42 x 105 lot (2,879 sq ft) with a building size of 22 x 78 and approximately 5,148 sq ft of gross living area. The property consists of five 2-bedroom apartments and one 1-bedroom apartment. Owner-occupied and this building reflects consistent upkeep and care. Features include a full, unfinished basement with walkout access to the backyard, providing additional storage and utility space, as well as a high-tech security system. Conveniently located just off Greenpoint Avenue, with easy access to restaurants, shopping, and parks. Approximately three blocks to the 7 train at 40th Street–Lowery Street station, offering a direct commute to Midtown Manhattan in about 15 minutes.

47-44 43rd Street, Woodside

$3,595,000
967803 MLS
Presenting a fantastic opportunity to acquire a well-maintained 12-unit multifamily building located in the highly sought-after neighborhood of Astoria, Queens. Built in 2004, this modern building boasts a desirable mix of 8 one-bedroom apartments and 4 two-bedroom apartments, offering excellent rental demand and consistent income potential, with plenty of upside in the current rental rates due to the possibility of free market lease conversion on lease renewals. The property features a super-low vacancy rate , highlighting its strong appeal to tenants and providing immediate cash flow for investors. Each unit is equipped with separate utilities, ensuring low maintenance costs and minimal management hassle. The building is strategically located in one of Queens' most vibrant areas, known for its diverse culture, thriving dining scene, and easy access to public transportation and Manhattan. This is a prime investment opportunity for both seasoned investors and those looking to break into the thriving Astoria market. With a strong rental history and a solid construction foundation, this property offers long-term value and growth potential with the free market lease conversion plus the installation of laundry facilities. Don’t miss the chance to own a piece of Astoria’s real estate boom!

30-74-76 30th Street, Astoria

$2,600,000
935511 MLS
Exceptional investment opportunity in the heart of Jackson Heights! This well-maintained 16-unit building features a balanced mix of 8 two-bedroom and 8 one-bedroom apartments, offering strong rental potential in a highly desirable neighborhood. The property has undergone significant upgrades, including 100K (Local Law 11) completed, ensuring safety and compliance, and a new, efficient boiler system (upgraded from 2000 to 700). All apartments have been modernized with new plumbing and pipes throughout, reducing maintenance needs and enhancing long-term value. The building is professionally managed and 10% owner-managed, reflecting dedicated oversight and care. With its solid infrastructure, prime location, and stable tenant base, this property presents a rare, turn-key opportunity for investors seeking reliable income and long-term appreciation in one of Queens’ most vibrant communities.

35-34 94TH Street, Jackson Heights

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.