$6,980,000
Updated 5 years ago
Off Market

36-52 35th Street

Astoria, Queens | 36th Ave & 37th Ave

90 Rooms48 Beds4.4 Baths20,700 Square FeetIncome Property

$6,980,000
floors / apts5 / 29
Lot Size60'x100'
Built Size60'x88'
ZoneM1-1
Building TypeLow-Rise
RE Taxes$132,252
Price Per SF
$337

Building Amenities

  • Voice Intercom

Property Description for 36-52 35th Street

Douglas Elliman Real Estate has been retained on an exclusive basis for the sale of 36-52 35th Street located in Astoria right off of Northern Blvd. Built in 1925, this 5 story rent stabilized building consists of 30 units (one of which is free market) with 6 apartments per floor ranging from 1-3 bedrooms. This offering represents a unique opportunity for investors to purchase a well maintained building in a prime location with tremendous upside.

Please contact the listing agents for more information.

Financial Information:
- Gross Rental Income: $493k
- Net Rental Income: $281k
- Total Expenses: $212k
- Net Cap Rate 4%

Building Information:
- Total Units: 30
- Bedroom Mix: 1-3 BR
- Total Building SF: 20,700
- Lot Size: 60 x 100
- Zoning: M1-1

Building Details for 36-52 35th Street

OwnershipIncome Property
Building TypeLow-Rise
Service LevelVoice Intercom
AgePre-War
AccessWalk-up
Year Built1925
Floors/Apts5/29
Learn More About the Building

Transit and Citi Bike

Subway

36 St
0.16 miles
36 Av
0.21 miles
39 Av-Dutch Kills
0.29 miles
Steinway St
0.4 miles

Citi Bike

37 Ave & 35 St
0.08 miles
38 St & Northern Blvd
0.17 miles

Contact Agents

Contact Agents

Farhan Zaman
Douglas Elliman
Joshua Lieberman
Douglas Elliman
Juan Rosa
Douglas Elliman

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: 30528TH