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Housing Wanted

Mixed-Use Investment Property - 2 - 2BR Apartments + 1 Retail Space $1,850,000 Astoria/LIC

Mixed-Use Investment Property – 2 – 2BR Apartments + 1 Retail Space ,850,000 Astoria/LIC
Location: new york city

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Mixed-Use Investment Property – 2 – 2BR Apartments + 1 Retail Space $1,850,000 Astoria/LIC


42-20 34th Avenue near 43rd Street/34th Avenue


4BR / 3Ba


2001ft2


available jan 31

license info:
STEREA REALTY GROUP – Petros Giotitsas Licensed RE Salesperson: 10401366586

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Great opportity for an investor — corner property in a highly desirable Opportity Zone in the heart of a major redevelopment area.

2 large, whole-floor residential its are without a lease and have potential for 100%+ rent increase. Building is violation-free and all up to code.
Roof + skylight/hutch/coping all done in 2023.
All utilities (gas heat) less than 8 years old.
2 market-rate residential its have no lease/can be delivered vacant (currently paying 50% below market). As-is can rent for $3000, fully renovated can rent for $3500+ each.
Store has lease in place til 2033 with rent at $3300 in 2025 and incremental increases til 2033.
Seller must finance deal (minimum 10% down and 30up to 40 year fixed rate).

post id: 7822422405

posted: 2025-01-29 17:34



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