Marcus & Millichap - Tri Borough Multi-Family

2538 Astoria Boulevard

NY

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Price: $5,400,000
Building Size: 15,350 Square Feet
Property Type: Mixed-use
Exclusive Listing Team:
Matt Fotis
Tel: 212-430-5234
Matthew.Fotis@marcusmillichap.com
Zachary Golub
Tel: 212-430-5134
Zachary.Golub@marcusmillichap.com
Property Status: Active
Description:

Marcus & Millichap is pleased to offer 25-38 Astoria Boulevard, located between Crescent Street and 27th Street in the Astoria section of Queens, New York.

The subject property, 25-38 Astoria Boulevard, is a four-story mixed-use building that consists of five retail units and twenty-two residential units. The breakdown of apartments is 8 one-bedroom, 8 two-bedroom and 6 three-bedroom apartments. The property is built 50 feet by 87 feet on the first through fourth floors and sits on a 53 foot by 100 foot lot with approximately 5,500 gross square feet. The property is zoned C2-3/R6A allowing for approximately 1,160 gross square feet of available air rights (Block: 573, Lot: 40)

This property offers investors the rare opportunity to purchase a mixed-use building in good condition, with upside potential, on busy corridor in the Astoria section of Queens, New York.