NOT LISTED FOR SALE
12 Beds
5 Baths
3,400 Sq Ft
3,558 Sq Ft Lot

Last Sold July 31, 2024

Last sale price $2,000,000 $588 Per Sq Ft

43 Days on Market

Highlights

  • Property is near public transit
  • Wood Flooring
  • 2 Car Detached Garage
  • P.S. 234Q The School of Performing Arts & Technology Rated A-
  • Main Floor Primary Bedroom
  • 4-minute walk to Van Alst Playground

About This Home

As of July 2024

Vacant Legal 4 family detached brick home in Astoria featuring four 1 Bedroom apartments that could EASILY be converted to JR4s 2 Bedrooms, a full finished basement and an oversized 25 x142 feet lot with R6B zoning providing over 5,000 sq ft of additional air rights (7,100 as of right total buildable PLUS bonus for Community facility). Centrally located within 3 blocks to the N and W subway stations at 30th Ave., and close to multiple cafes, restaurants, and entertainment venues. Mount Sinai is in close proximity and it is a great source of tenants. You could Live in one unit and rent the rest while you enjoy one of the best neighborhoods in New York City, or invest in an area with strong appreciation and a very healthy rental market. All the utilities are paid for by the tenants as the building has 4 separate boilers and 4 separate hot water heaters. This amazing property offers multiple user and investor options. As it is, it represents a ready to rent, turn key investment legal 4 family with extra parking and excellent income. You could also combine 2 units to create a larger home while still preserving good rental income. It also offers an opportunity to the savvy developer as the current structure could be left in place while enlarging it into a 10 unit building or a large community or medical facility (you would save construction costs, time and taxes by filing for an Alteration 1 instead of a New Building). The survey and an architectural opinion are available upon request but we encourage you to verify with your own architect. The oversized lot provides additional parking or outdoor space for entertaining. Perfect 1031 exchange candidate. Sites like this, delivered entirely vacant are a rare find in Astoria. Professional actual photos are next to the staged photos for visualization purposes. Projected income and expenses for the current building is available upon request (cap rate above 7%). All vacant, no rent stabilization, or free market rents. If you decide to develop to its maximum potential (8-10 units), the new property would qualify for the 485x , option C, tax abatement.

Last Agent to Sell the Property

Manuel Vargas

Keller Williams Rlty Landmark Brokerage Phone: 718-475-2700 License #30VA1174629 Listed on: 04/03/2024

Keller Williams Rlty Landmark

Last Buyer's Agent

Steven Wolhar

Halvatzis Realty Inc License #40WO1144227

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $32,516

Year Built

  • Built in 1930

Lot Details

  • 3,558 Sq Ft Lot
  • Lot Dimensions are 25x142.33
  • No Common Walls

Parking

  • 2 Car Detached Garage
  • Shared Driveway

Home Design

  • Brick Exterior Construction

Interior Spaces

  • 3,400 Sq Ft Home
  • 3-Story Property
  • Storage
  • Wood Flooring
  • Finished Basement
  • Basement Fills Entire Space Under The House
  • Fire Sprinkler System
  • Eat-In Kitchen

Bedrooms and Bathrooms

  • 12 Bedrooms
  • Primary Bedroom on Main
  • In-Law or Guest Suite
  • 5 Full Bathrooms

Location

  • Property is near public transit

Schools

  • Ps 234 Elementary School
  • Albert Shanker Sch-Visual/Perf Arts Middle School
  • Long Island City High School

Utilities

  • Window Unit Cooling System
  • Hot Water Heating System
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Tenant pays for cooking gas, electricity, heat
  • Legal Lot and Block 30 / 571
  • Assessor Parcel Number 00571-0030

Community Details

Overview

  • 4 Units

Building Details

  • 6 Separate Electric Meters
  • 5 Separate Gas Meters

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$32,516

Year Built

Built in 1930

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential Income
  • Architectural Style: Two Story
  • Property SubType: Multi Family
  • Property Condition: Good
  • Levels: Three Or More
  • Year Built: 1930
  • New Construction: No
  • Attribution Contact: 718-475-2700
  • BuildingSize: 21x65
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Refrigerator
  • Interior Amenities: Master Downstairs, Eat-in Kitchen, Guest Quarters, Storage
  • Living Area Units: Square Feet
  • Flooring: Hardwood
  • Common Walls: No Common Walls
  • Full Bathrooms: 5
  • Basement: Finished, Full
  • Inclusions: Refrigerator,See Remarks
  • Total Bedrooms: 12
  • Living Area: 3400
  • SquareFootage: 3400.00
  • SquareFootageSource: Municipality
  • NumberOfKitchens: 4

Exterior Features

  • Construction Materials: Brick
  • FloodZoneReportYN: 0

Garage/Parking

  • Total Parking Spaces: 5
  • Attached Garage: No
  • Garage Spaces: 2
  • Garage: Yes
  • Parking Description: Shared Driveway, Detached, 2 Car Detached, Garage

Utilities

  • Cooling: Window Unit(s)
  • Cooling: Yes
  • Heating: Natural Gas, Hot Water
  • Security: Fire Splinkler System
  • Sewer: Public Sewer
  • Water Source: Public
  • Hot Water: Gas Stand Alone
  • NumberOfHeatingZones: 4
  • SeparateHotwaterHeaterDetail: yes

Association/Amenities

  • Community Features: Near Public Transportation

Condo/Co-op/Association

  • Senior Community: No

Schools

  • Middle School: Albert Shanker Sch-Visual/Perf Arts

Lot Info

  • Lot Size Acres: 0.08
  • Lot Size Area: 0.08
  • Lot Dimensions: 25x142.33
  • Lot Size Sq Ft: 3558
  • Lot Size Units: Acres
  • Lot Features: Near Public Transit
  • Parcel Number: 00571-0030
  • Zoning Description: R6B
  • Property Attached: No
  • ResoLotSizeUnits: Acres

Rental Info

  • Lease Considered: No
  • Tenant Pays: Cooking Gas, Electricity, Heat

Multi Family

  • Units Total: 4
  • Separate Electric Meters: 6
  • Separate Gas Meters: 5

Tax Info

  • Tax Annual Amount: 32516
  • Tax Block: 571
  • Tax Lot: 30
  • Tax Map Number: 00571-0030
  • IncludedInTaxes: Sewer,Trash,Water

MLS Schools

  • Elementary School: Ps 234
  • High School: Long Island City High School
  • Middle School District: Queens 30

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/31/2024 07/31/24 Sold $2,000,000 0.0% $588 / Sq Ft
07/01/2024 07/01/24 Sold $2,000,000 -1.2% --
05/17/2024 05/17/24 Pending -- -- --
05/17/2024 05/17/24 Pending -- -- --
04/03/2024 04/03/24 For Sale $2,025,000 0.0% --
04/03/2024 04/03/24 For Sale $2,025,000 -- $596 / Sq Ft
Source: OneKey® MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: OneKey® MLS

MLS Number: KEY3542120

OneKey® MLS