94-20 Astoria Boulevard, E. Elmhurst, NY 11369
- $5,500,000
- List Price
- $5,500,000
- Days on Market
- 80
- MLS#
- 1000537
- Number Of Families
- 38
- Status
- ACTIVE
- Lot Size
- 8448
Property Description
Investor Opportunity in the Path of Willets Point Redevelopment 38-Unit Multifamily Asset | Strong In-Place Cash Flow | 6% Cap Rate R6B / C1-3 Zoning - 9,000 square feet of unused FAR - 38 rent-stabilized studio apartments - 12 income-producing parking spaces - 6% Cap Rate - Approximately 9,000+ SF of unused FAR - Detached building with operational flexibility - Positioned to benefit from the multibillion-dollar Willets Point redevelopment - Rare combination of current yield and future upside Positioned just minutes from the multibillion-dollar Willets Point redevelopment, this property offers investors a rare combination of stable cash flow and long-term upside. Located on Astoria Boulevard, the asset benefits from its proximity to the future soccer stadium, hotel, retail, and mixed-use developments that are transforming the area. Location Highlights - Minutes from the Willets Point redevelopment district - Convenient access to LaGuardia Airport - Served by the Q19, Q49, Q72, and Q47 bus lines - Minutes to the Grand Central Parkway, Long Island Expressway and Cross Island Parkway - A unique opportunity to acquire a cash-flowing multifamily asset with significant appreciation and development potential in one of Queens' fastest-growing corridors, just minutes away from the most exciting thing to happen in Queens since the World’s Fair.
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Additional Information
- Year Built
- 1963
- School District
- Queens24
- Elementary School
- East Elmhurst Community School
- Middle School
- Is 145 Joseph Pulitzer
- High School
- Newtown High School
- Total Taxes
- 120000
- Heating
- Natural Gas
- Parking
- Alley Access
- Parking Spaces
- 12
- Basement
- Partial, Unfinished
- Water
- Public
- Sewer
- Public Sewer
- Taxes
- $120,000
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Listing courtesy of Listing Agent: Carmela Vlacich (office@carmelahomes.com) from Listing Office: Carmela Homes Corp.
Listings courtesy of OneKey® MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.