Property Details

Overview

This well-maintained pre-war building offers timeless charm and an exceptional investment opportunity. The property features eight 3-bedroom units, along with a one 2-bedroom super’s unit that is currently leased. With 10 electric meters, 10 gas meters, an updated Weil-McLain gas boiler (no oil), new heat timer, and a solid roof, this building is efficient and in excellent condition. There are no rents in arrears, and the property is free of violations, which will make for a smooth and hassle-free acquisition. The building is impeccably clean and includes a side entrance leading to a spacious backyard, providing potential for outdoor tenant amenities such as storage. Located in a federally designated Opportunity Zone on the border of Astoria and Long Island City, this property is close to Vernon Blvd, Costco, Socrates Sculpture Park, Roosevelt Island, and Dutch Kills. Tenants benefit from convenient access to buses, subways, laundromats, restaurants, and other neighborhood essentials, making it a highly desirable location. A storage room in the basement can be rented as storage.