Marcus & Millichap - Tri Borough Multi-Family

3717 34th Avenue Astoria Queens, New York

3717 34th Avenue
Astoria, Queens

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Price: $2,800,000
Building Size: 8,000 Square Feet
Lot Size: 2,925 Acres
Property Type: Multi Family
Exclusive Listing Team:
Property Status: Under Contract

Investment Overview

Marcus & Millichap is pleased to offer 37-17 34th Avenue, located on the northwest corner of 34th Avenue and 37th Street in the Astoria section of Queens, New York.

The subject property, 37-14 34th Avenue, is a four-story apartment building that consists of twelve residential units. The unit mix consists of 1 one-bedroom, 8 two-bedroom and 3 three-bedroom apartments. The property is built L shaped, 25 feet by 65 feet on 34th Avenue and 25 feet by 15 feet on 37th Street on the first floor through fourth floors and sits on a 45.5 foot by 65-foot lot with approximately 2,925 gross square feet. The property is zoned R5. (Block: 655, Lot: 72)

This property offers investors the rare opportunity to purchase a corner apartment building in the heart of the Kaufman Art District, with a mix of free market and regulated units, in the Astoria section of Queens, New York.

Investment Highlights

  • Rare Prime Corner Astoria Apartment Building
  • First Sale in over 60 Years
  • Only Two Subway Stops into Manhattan | One Block to and Subway Lines
  • There are Four Free Market Apartments | Eight Rent Regulated Apartments
  • Attractive Unit Mix, Low Average Rent
  • Additional Income generated from Antennas on Roof
  • Well Situated in the Kaufman Art District
  • Steps to Steinway Street Retail Corridor
  • Proximity to Innovation QNS Project