$1,250,000
$1,349,000
7.3%For more information regarding the value of a property, please contact us for a free consultation.
SOLD DATE : 05/30/2025
Key Details
Sold Price $1,250,000
Property Type Commercial
Sub Type Multi Family
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 817711
Sold Date 05/30/25
Rental Info No
Year Built 1941
Annual Tax Amount $25,326
Property Sub-Type Multi Family
Source onekey2
Property Description
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.
Location
State NY
County Queens
Rooms
Basement Common, Partially Finished, See Remarks, Storage Space, Walk-Out Access
Interior
Heating Natural Gas
Cooling Multi Units
Flooring Combination, Hardwood, Linoleum
Fireplace No
Exterior
Utilities Available Electricity Connected, Natural Gas Connected
Building
Story 4
Sewer Public Sewer
Water Public
Structure Type Brick
Schools
Elementary Schools Ps 76 William Hallet
Middle Schools Is 204 Oliver W Holmes
High Schools Long Island City High School
Others
Special Listing Condition None
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70 E Sunrise Hwy Ste, Valley Stream, New York, 11581, USA