Prime Astoria Mixed-Use Investment & Development Opportunity!Excellent opportunity for developers and investors in a highly desirable Astoria location. This mixed-use property features 2 residential units plus 1 commercial storefront, offering strong existing rental income along with significant future development potential.Situated on a 25 x75 lot with R7X / C2-3 zoning, the property presents an attractive opportunity for potential redevelopment into a larger mixed-use building, subject to zoning, DOB requirements, and approvals.The existing building consists of 3 stories plus a full basement, offering approximately 3,432 sq. ft. of interior space with a building footprint of approximately 22x52. Each residential unit features 3 bedrooms and 1 full bathroom. The property is separately equipped with 3 electric meters and 3 gas meters and benefits from relatively low property taxes.Conveniently located near the N/W subway at Astoria Blvd, with easy access to shopping, restaurants, transportation, and neighborhood amenities.An excellent opportunity for investors, developers, 1031 exchange buyers, or owner-investors seeking strong rental income, attractive cap-rate potential, and long-term redevelopment upside in one of Astoria's prime locations.
Listing By
Agency Name: EXP Realty
Agency Contact: 888-276-0630
Shown By
Agency Title: Coldwell Banker Choice Properties
Agency Phone: 833-88-CHOICE (2-4642)
Coldwell Banker® and the Coldwell Banker Logo are registered service marks owned by Coldwell Banker Real Estate LLC. C.B. Choice Properties, INC. fully supports the principles of the Fair Housing Act and the Equal Opportunity Act. Each franchise is independently owned and operated. Any services or products provided by independently owned and operated franchisees are not provided by, affiliated with or related to Coldwell Banker Real Estate LLC nor any of its affiliated companies.
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1833 27th Avenue | MLS# 1058409
This commercial property located at 1833 27th Avenue , Astoria, NY 11102 is currently listed for sale with an asking price of $2,100,000. 27th Avenue is located within the Queens 30 school district. Search Astoria real estate on www.coldwellbankerchoice.com today.