Description
Available for the first time in nearly 60 years, this detached turn-key home in the heart of Astoria is ideal as both an income-generating investment property or for an end-user who wants additional rental income. The house is a legal two-family currently being used as a 3, with R5 zoning permitting the construction of up to a four-family unit. The home is fully occupied with reliable tenants paying market-rate rents, with the possibility of one or two units being delivered vacant (landlord can provide multi-year history of rent payments; listing agent can provide specific rent roll and net operating expenses). Two indoor garage spots and two driveway spots can suit all of your parking needs or be used for additional income. The first floor apartment features two air conditioning units and 1 bedroom/1 bathroom with additional space for a living room or office. The floors have recently been redone and the unit has been freshly painted. Outside of this apartment, you will find access to a fully finished basement that has a separate entrance through the home's yard. The basement features a wet bar, recreation room and additional storage (as well as a washer/dryer hook-up). The second floor apartment features two wall air conditioning units as well as a split Mitsubishi cooling system in the living room. This unit has three bedrooms, two full bathrooms, a balcony and access to the backyard. It has been well-maintained. The third floor apartment boasts the same layout (three beds, two baths) with 3 wall air conditioning units and a renovated kitchen. This home runs on gas heat and has a recently updated roof as well as new windows throughout. Situated a short distance from Astoria's renowned Steinway Street, you will be able to easily access the R/M subway stop that will take you into Manhattan in 15-20 minutes as well as all of Steinway Street's shopping and dining options. Other nearby attractions include the Broadway Public Library, the Museum of the Moving Image, Kaufman Studios and the Regal UA Kaufman movie theater.
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7BEDS
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0.06ACRES
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5BATHS
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01/2 BATHS
School Information
Description
Available for the first time in nearly 60 years, this detached turn-key home in the heart of Astoria is ideal as both an income-generating investment property or for an end-user who wants additional rental income. The house is a legal two-family currently being used as a 3, with R5 zoning permitting the construction of up to a four-family unit. The home is fully occupied with reliable tenants paying market-rate rents, with the possibility of one or two units being delivered vacant (landlord can provide multi-year history of rent payments; listing agent can provide specific rent roll and net operating expenses). Two indoor garage spots and two driveway spots can suit all of your parking needs or be used for additional income. The first floor apartment features two air conditioning units and 1 bedroom/1 bathroom with additional space for a living room or office. The floors have recently been redone and the unit has been freshly painted. Outside of this apartment, you will find access to a fully finished basement that has a separate entrance through the home's yard. The basement features a wet bar, recreation room and additional storage (as well as a washer/dryer hook-up). The second floor apartment features two wall air conditioning units as well as a split Mitsubishi cooling system in the living room. This unit has three bedrooms, two full bathrooms, a balcony and access to the backyard. It has been well-maintained. The third floor apartment boasts the same layout (three beds, two baths) with 3 wall air conditioning units and a renovated kitchen. This home runs on gas heat and has a recently updated roof as well as new windows throughout. Situated a short distance from Astoria's renowned Steinway Street, you will be able to easily access the R/M subway stop that will take you into Manhattan in 15-20 minutes as well as all of Steinway Street's shopping and dining options. Other nearby attractions include the Broadway Public Library, the Museum of the Moving Image, Kaufman Studios and the Regal UA Kaufman movie theater.
© 2025 OneKey MLS. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or The Tessler Team. Data last updated: 2025-12-04T14:18:30.923.