$1,250,000
SOLD MAY 30, 2025
-- Bed
-- Bath
7,600 Sq Ft
1941 Built

Recently Sold

$164 Per Sq Ft

7% Below List Price

28 Days on Market

About This Home

As of May 2025

This well-maintained pre-war building offers timeless charm and an exceptional investment opportunity. The property features eight 3-bedroom units, along with a one 2-bedroom super's unit that is currently leased. With 10 electric meters, 10 gas meters, an updated Weil-McLain gas boiler (no oil), new heat timer, and a solid roof, this building is efficient and in excellent condition. There are no rents in arrears, and the property is free of violations, which will make for a smooth and hassle-free acquisition. The building is impeccably clean and includes a side entrance leading to a spacious backyard, providing potential for outdoor tenant amenities such as storage. Located in a federally designated Opportunity Zone on the border of Astoria and Long Island City, this property is close to Vernon Blvd, Costco, Socrates Sculpture Park, Roosevelt Island, and Dutch Kills. Tenants benefit from convenient access to buses, subways, laundromats, restaurants, and other neighborhood essentials, making it a highly desirable location. A storage room in the basement can be rented as storage.

Last Agent to Sell the Property

Peter Horowitz

Horowitz Real Estate Brokerage Phone: 718-355-8881 License #10311203556 Listed on: 02/04/2025

Last Buyer's Agent

Peter Horowitz

Horowitz Real Estate Brokerage Phone: 718-355-8881 License #10311203556 Listed on: 02/04/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $25,326

Year Built

  • Built in 1941

Home Design

  • Quadruplex
  • Brick Exterior Construction

Flooring

  • Wood
  • Linoleum

Partially Finished Basement

  • Walk-Out Basement
  • Basement Storage

Schools

  • Ps 76 William Hallet Elementary School
  • Is 204 Oliver W Holmes Middle School
  • Long Island City High School

Utilities

  • Heating System Uses Natural Gas
  • High Speed Internet

Listing and Financial Details

  • Legal Lot and Block 0005 / 00330

Community Details

Overview

  • 9 Units

Building Details

  • 10 Separate Electric Meters
  • 10 Separate Gas Meters

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$25,326

Year Built

Built in 1941

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property SubType: Quadruplex
  • Property Condition: Actual
  • Year Built: 1941
  • Attribution Contact: 718-355-8881
  • Carport Y N: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: High Speed Internet
  • Flooring: Combination, Hardwood, Linoleum
  • Basement: Common, Partially Finished, See Remarks, Storage Space, Walk-Out Access
  • Basement YN: Yes

Exterior Features

  • Construction Materials: Brick
  • Waterfront: No

Garage/Parking

  • Garage: No

Utilities

  • Cooling: Multi Units
  • Heating: Natural Gas
  • Sewer: Public Sewer
  • Utilities: Electricity Connected, Natural Gas Connected
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No

Fee Information

  • Operating Expense: 31000
  • Trash Expense: 1440

Schools

  • Middle School: Is 204 Oliver W Holmes

Lot Info

  • Building Area Total: 7600
  • Property Attached: No
  • Additional Parcels: No

Multi Family

  • Units Total: 9
  • Separate Electric Meters: 10
  • Separate Gas Meters: 10
  • Insurance Expense: 6100

Tax Info

  • Tax Annual Amount: 25326
  • Tax Block: 00330
  • Tax Lot: 0005
  • Tax Year: 2024

MLS Schools

  • Elementary School: Ps 76 William Hallet
  • 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
05/30/2025 05/30/25 Sold $1,250,000 -7.3% $164 / Sq Ft
03/04/2025 03/04/25 Pending -- -- --
02/04/2025 02/04/25 For Sale $1,349,000 -- $178 / 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: 820704

OneKey® MLS