24-22 41st Street

Built in 1910, this Astoria townhouse has plenty of upside that allows for tremendous growth and value. Located one block from Steinway Street- Astoria’s shopping corridor, and less than half a mile to the BQE and Grand Central highways, as well as being near to transit hubs like the RFK bridge, 30th Avenue Subway Station and Astoria Boulevard Subway Station. You will never be far from anything at 24-22 41st Street.

This two-unit townhouse features a three bedroom apartment, over a three bedroom duplexed apartment complete with over 800sqft of entertaining space on the lower level with a large backyard.

The top-floor unit boasts nine windows and features an open living and dining space plus three bedrooms. Two bedrooms face East for morning light, and the third faces West for afternoon light. The eat in kitchen is large enough for a table and chairs, and there is a large pantry off the kitchen for the real gourmand.

The duplex apartment provides nearly 1,800sqft of living space. Already turn-key, this apartment has enough room for you to grow. The upper level features the bedrooms along side the kitchen and living area, and the downstairs portion enables your creative mind to roam, complete with a full bathroom. The upstairs kitchen overlooks the backyard, so you can watch your vegetable garden grow while cooking some great dishes, and those dishes will definetely benefit from the dishwasher! The duplex apartment has three separate entrances, so privacy can be kept.

Ceiling heights for both above grade floors rise nearly ten feet, and the lower level at seven feet.

Current zoning laws allow for 760sqft of buildable footage left, which would be for an addition of a floor + amazing roof deck, or the ability to build out and have an extension on this R5 lot. Due diligence required.

Income producing, this high-net building generates a 5% cap rate for your investment.

Upstairs unit is currently vacant, and the duplex apartment has leases until August 2019.