Prime Mixed-Use Investment Property in the Heart of Astoria’s Ditmars-Steinway District.
Located at 35-02 Ditmars Boulevard, Astoria, NY 11105, this highly visible corner property offers an excellent opportunity for investors seeking strong rental income, diversified tenancy, and long-term appreciation potential.
The three-story mixed-use building sits on a 20 x 100 lot and offers approximately 4,500 square feet of usable space. The property is zoned R5D/C1-3 and features 5 separate electric meters and 2 gas meters. Annual real estate taxes are approximately $26,424.
The property consists of three retail spaces currently generating approximately $20,000, $3,000, and $3,000 per month, along with two spacious three-bedroom residential apartments renting for approximately $3,650 and $3,750 per month. Total annual rental income is approximately $400,000.
Additional features include central air conditioning for the first-floor commercial space, a sidewalk heating system, and a full basement with storage.
Ideally positioned along the busy Ditmars Boulevard commercial corridor, the property benefits from excellent visibility, strong pedestrian and vehicle traffic, and convenient access to neighborhood restaurants, shops, supermarkets, and other amenities. Located near the Astoria-Ditmars Blvd subway station with convenient N/W train service to Manhattan.
A rare Astoria corner mixed-use asset offering multiple income streams, strong commercial exposure, and excellent long-term investment potential.
