32-87 38th St Astoria, NY 11103
Astoria NeighborhoodEstimated payment $10,561/month
Total Views
3,463
5
Beds
4
Baths
2,576
Sq Ft
$694
Price per Sq Ft
Highlights
- Wood Flooring
- 3-minute walk to Steinway Street
- Back, Front, and Side Yard
- P.S. 166Q The Henry Gradstein School Rated A-
- Fenced Yard
- 4-minute walk to Playground Thirty Five
About This Home
Investor-friendly 3-family brick home in prime Astoria / Long Island City border, situated on a 25' x 100' lot and featuring 5 total bedrooms across 3 rental units, with one unit currently vacant and potential for full vacancy. Ideal for investors or owner-occupants seeking strong rental income and flexibility. Includes hardwood and tile flooring, gas heat with radiator system, partially finished basement, and a fenced backyard with patio. Zoned R5 with an FAR of 1.05 (max 1.25), offering potential for minor expansion. Located near Northern Boulevard, Steinway Street, M and R subway lines, and the Kaufman Arts District, this property offers solid long-term upside in a high-demand area.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $10,042
Year Built
- Built in 1920
Lot Details
- 2,499 Sq Ft Lot
- Lot Dimensions are 100 x 25
- Fenced Yard
- Back, Front, and Side Yard
Parking
- On-Street Parking
Home Design
- Flat Roof Shape
- Brick Exterior Construction
- Poured Concrete
- Pitched Roof
Interior Spaces
- 2,576 Sq Ft Home
- 3-Story Property
- Finished Basement
- Basement Fills Entire Space Under The House
Kitchen
- Stove
- Microwave
Flooring
- Wood
- Parquet
- Tile
Bedrooms and Bathrooms
- 5 Bedrooms
- 4 Full Bathrooms
Utilities
- Multiple cooling system units
- Window Unit Cooling System
- Heating System Uses Steam
- Heating System Uses Gas
- 220 Volts
- 110 Volts
- Gas Water Heater
Listing and Financial Details
- Tax Block 656
Community Details
Overview
- 3 Units
Building Details
- Insurance Expense $2,400
- Utility Expense $1,200
- Gross Income $91,800
- Net Operating Income $81,800
Map
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/16/2025 07/16/25 | For Sale | $1,788,000 | -- | $694 / Sq Ft |
Source: Brooklyn Board of REALTORS®
Similar Homes in the area
Source: Brooklyn Board of REALTORS®
MLS Number: 494245
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