Updated 10 years ago
Sold
25-34 36th Street
Astoria, Queens | Astoria Blvd South & 28th Ave
4 Rooms1 Bed1 Bath525 Square FeetRental Property
$3,500,000
floors / apts5 / 8
Lot Size24'4"x100'8"
Built Size22'x55'
ZoneR6B
Building TypeLow-Rise
RE Taxes$2,297
Price Per SF
$6,667
This property was sold for $3,400,000 on 09/16/15.
Listing Features
- High Ceilings
- New Windows
Outdoor space and views
- Backyard
- Balcony
- Barclay's Center
- Empire State Bldg
- Partial City
- Queensboro Bridge
- RFK Bridge
- Skyline Views
- Water Views
Building Amenities
- Voice Intercom
- Elevator
- Storage
Property Description for 25-34 36th Street
Amazing investment opportunity. 8 free-market apartments in extremely well-maintained building in the heart of Astoria. Elevator building located on a pristine tree-lined block 5 min walk to the NQ subway stop. Very close to Bohemian Hall & Beer Garden, Sweet Afton, Bareburger as well as the best shopping, dining and night-life in Astoria.
All units on a year-to-year lease. Building has 421a tax abatement. Current cap rate is 5.3%, with potential for a 7.1% cap rate.
Astoria is probably best known as the ethnic food mecca of New York City, stroll down any of the bustling avenues and you will find everything from quaint sidewalk cafes to welcoming neighborhood beer gardens. However, eating is only the tip of the iceberg when it comes to the cultural richness of this vibrant neighborhood. There's the Noguchi Museum, the Museum of the Moving Image, and the ever-popular Socrates Sculpture Park.
With Astoria emerging as viable alternative to Williamsburg, in terms of housing, here is your opportunity to invest in this rapidly climbing market
All units on a year-to-year lease. Building has 421a tax abatement. Current cap rate is 5.3%, with potential for a 7.1% cap rate.
Astoria is probably best known as the ethnic food mecca of New York City, stroll down any of the bustling avenues and you will find everything from quaint sidewalk cafes to welcoming neighborhood beer gardens. However, eating is only the tip of the iceberg when it comes to the cultural richness of this vibrant neighborhood. There's the Noguchi Museum, the Museum of the Moving Image, and the ever-popular Socrates Sculpture Park.
With Astoria emerging as viable alternative to Williamsburg, in terms of housing, here is your opportunity to invest in this rapidly climbing market
Building Details for 25-34 36th Street
OwnershipRental Property
Building TypeLow-Rise
Service LevelVoice Intercom
AgePost-War
AccessElevator
Year Built2007
Financing Allowed90%
Floors/Apts5/8
Transit and Citi Bike
Subway
Astoria Blvd
0.2 miles
30 Av
0.36 miles
Astoria-Ditmars Blvd
0.48 miles
Citi Bike
28 Ave & 35 St
0.14 miles
37 St & 24 Ave
0.19 miles
Astoria | Queens
Quick Profile
Although Astoria is largely a residential neighborhood, it is filled with unique mom-and-pop shops, trendy boutiques, a plethora of dining options representing cuisines from around the world, and lush green spaces where you can relax, walk along the East River, or just enjoy the Manhattan skyline.
The atmosphere is laid back and almost small-town. In addition to luxury condos, pre-war buildings, single-family and semi-detached brick buildings, you will find low-rise buildings with apartments available at lower rents than are available in nearby Manhattan. If you enjoy shopping, you will find everything from locally handcrafted apparel and decor items to vintage treasures just waiting to be repurposed.
Astoria has long been known as a hub of Greek culture, with a burgeoning Greek community. You can barely walk a block without an opportunity to eat Greek food or experience some aspect of Greek culture. The Italian community is also quite large and well-represented in Astoria. Lately, there has been an influx of immigrants from all corners of the globe, making Astoria truly multicultural, and giving rise to eateries that offer unique gastronomic treats.
All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.
OLR ID: 57527TH
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