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!

Listing courtesy of Astoria Realty Brokerage Svcs theo@astoriarealty.com


Based on information submitted to the MLS GRID as of 2026-03-28 02:53 PM 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.