Turnkey Mixed-Use Investment Opportunity in Prime Astoria – 4.8% Cap Rate Now available: a rare opportunity to acquire a well-maintained corner mixed-use property in the heart of Astoria—one of Queens' most sought-after neighborhoods for both renters and small businesses. Investment Highlights: 4 Residential Units 2 one-bedroom apartments 2 two-bedroom apartments with additional half baths All units leased with strong rental history Upside potential in future rent increases 2 Ground-Level Commercial Spaces Established Coffee Shop and Thriving Beauty Salon High visibility corner location with excellent foot traffic Reliable, long-term tenants in place Full Basement Valuable bonus space with flexible use for storage or commercial operations Attractive 4.8% Cap Rate Strong in-place income with room for value-add improvements Ideal for 1031 exchange, portfolio diversification, or long-term hold Located near major transit lines, retail corridors, and residential growth, this property offers immediate cash flow with long-term appreciation potential. Perfect for investors looking to expand into a high-demand, low-vacancy submarket.

Listing courtesy of Oxford Property Group USA martina@spiregroupny.com


Based on information submitted to the MLS GRID as of 2025-08-02 08:27 AM EDT. 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.