80 Views

Listing was updated on: 11/06/2022

25-19 30th Dr Suite 1B, Astoria, NY 11102, USA

LocationAstoria-Queens-NY-11102SaleAvison Young has been exclusively engaged by Ownership to offer
for sale 25-19 30th Drive and 31-23 47th Street (the “Properties”),
two 100% rent stabilized, walk-up building located in the Astoria
neighborhood of Queens. Both properties are owned by the family
of the original developer in the 1950’s.
25-19 30th Drive is situated mid-block on the south side of 30th
Drive between 29th and Crescent Street spanning approximately
46,000± square feet across fifth-eight (58) residential units and two
(2) commercial units. The 58 residential units are comprised of a
mix of studio and one-bedroom units. The building is a short walk
to the 30th Avenue train station servicing the N and W trains.
31-23 47th Street is situated mid-block on the east side of
47th Street between 31st Avenue and Broadway spanning
approximately 14,680± square feet across twenty-four (24)
residential units. The residential units are comprised of a mix of
studio and one-bedroom units. The building is a short walk to the
46th Street train station servicing the E, M, and R trains.
The Properties, which have been under the same ownership for
nearly 70 years, are 100% occupied and have historically produced
stable cash flow. The properties allow for an investor to add value
via optimized property level operations, continued RGB rental
increases, and cosmetic upgrades.

• Additional URL avisonyoung.us
• Building size 60680