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18-33 27th Avenue

New York NY 11102

6
3
3432 sq. ft.
1875 sq. ft.
Duplex
Currently for sale - view listing

Overview

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.

Features

6 bedrooms
3 bathrooms
3432 sq. ft. floor area
1875 sq. ft. lot size
Duplex

Happy sellers in New York

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We have insufficient information to provide an overview of customer satisfaction for New York. Viewing the agent profiles, reviews and sales for New York can provide insights for this location.

Local market activity for 6 bedroom duplexes in New York

In the last 12 months, 3 six-bedroom duplexes similar to 18-33 27th Avenue, have been sold.

This represents a 200% decrease in six-bedroom duplexes sales when compared to the previous 12 months.

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(619) 566-0008
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