43-05 28th Ave

Ariel Property Advisors presents 43-05 28th Avenue, a 25’ wide, 3,326 SF, 3-story walk-up residential building located on 28th Avenue between 43rd Street and 44th Street in Astoria. The subject property contains 3 residential units and 2 garage spaces. The residential unit mix consists of 1 one-bed/one-bathroom apartment on the ground floor and 2 three-bedroom/2-bathroom apartments above. Two units are currently occupied with month-to-month leases and the ground floor is vacant. All units enjoy the free-market legal status, have been well maintained and are poised to see near-term revenue growth. Both garage units currently have month-to-month leases in place. The property also has a full basement that is currently used for storage. 43-05 28th Street is located in a rapidly up and coming neighborhood that is in close proximity to several recreational and shopping amenities. The building is a short walk to Steinway Street, which offers convenient access to several fitness centers, grocery stores, pharmacies and banks. Many coffee shops and restaurants can also be found on 30th Avenue which is one block south. Transportation to Manhattan and the other boroughs is provided by the N, W trains located on 31st Street, as well as the M, R, E trains on 46th Street and Broadway. The Q18 bus line is also close by at 30th Avenue in between 41st Street and 42nd Street and the property is a short drive to the BQE and the Grand Central Parkway. 43-05 28th Avenue presents owner-users and investors with an opportunity to acquire a property that offers immediate revenue upside in one of Queens’ most desirable neighborhoods.