Updated 3 years ago
Off Market
21-01 30th Ave
Astoria, Queens | 21st Street & 23rd Street
11 Rooms5 Beds3 BathsMixed Use
$1,949,000
floors / apts2 / 3
ZoneR5B
Building TypeLow-Rise
RE Taxes$15,968
Outdoor space and views
- Backyard
Building Amenities
- Voice Intercom
Property Description for 21-01 30th Ave
Motivated Seller! The SELLER IS WILLING TO CARRY PART OF THE MORTGAGE AT A GENEROUS INTEREST RATE.
Incredible Opportunity to own this amazing VALUE-ADD INCOME Producing Mixed-Use Corner Property.
Located in the Heart of Astoria, at a Major Intersection of 30th Avenue & 21st Street.
Semi-Detached Brick Property, 4 Free Market Units in total, plus full Basement with Outdoor Space.
Great Exposure. Expected Rezoning in the near future will allow new ownership to take advantage of Additional Air Rights with the acquisition of the adjacent lot.
Apartments Layout:
1st Floor features Two x 1BR Apartments with Two Separate Private Entrances.
Apt# 1F Large 1BR with Backyard Access, Month to Month lease.
Apt# 1R Large 1BR which can be converted into a 2BR, Month to Month lease.
2nd Floor features a Huge 3Br Apt, Month to Month lease.
Commercial Space:
Retail Store 3 years remaining on the lease.
VALUE-ADD OPPORTUNITY
All Rents are Under-Market Value. The Seller rarely increased rents over the past decade.
Great Opportunity to Increase Rents via Renewing, or Renovate all Residential Units and Develop the Over Sized Fenced Yard into a Common Space to be Utilized by All Tenants.
Pro Forma Rents after Renovation:
Apt# 1F: $2500.
Apt# 1R: $2500.
Apt# 2: $3600.
Store: $3700.
Lot size 27.42ft 100ft.
Zoning R5B.
Block & Lot 547-1.
Floors 2.
Total Units 4.
Residential Units 3.
Commercial Unit 1.
Construction Brick.
Year Built 1923.
Property is occupied and being sold as is.
Financials Upon Request.
Incredible Opportunity to own this amazing VALUE-ADD INCOME Producing Mixed-Use Corner Property.
Located in the Heart of Astoria, at a Major Intersection of 30th Avenue & 21st Street.
Semi-Detached Brick Property, 4 Free Market Units in total, plus full Basement with Outdoor Space.
Great Exposure. Expected Rezoning in the near future will allow new ownership to take advantage of Additional Air Rights with the acquisition of the adjacent lot.
Apartments Layout:
1st Floor features Two x 1BR Apartments with Two Separate Private Entrances.
Apt# 1F Large 1BR with Backyard Access, Month to Month lease.
Apt# 1R Large 1BR which can be converted into a 2BR, Month to Month lease.
2nd Floor features a Huge 3Br Apt, Month to Month lease.
Commercial Space:
Retail Store 3 years remaining on the lease.
VALUE-ADD OPPORTUNITY
All Rents are Under-Market Value. The Seller rarely increased rents over the past decade.
Great Opportunity to Increase Rents via Renewing, or Renovate all Residential Units and Develop the Over Sized Fenced Yard into a Common Space to be Utilized by All Tenants.
Pro Forma Rents after Renovation:
Apt# 1F: $2500.
Apt# 1R: $2500.
Apt# 2: $3600.
Store: $3700.
Lot size 27.42ft 100ft.
Zoning R5B.
Block & Lot 547-1.
Floors 2.
Total Units 4.
Residential Units 3.
Commercial Unit 1.
Construction Brick.
Year Built 1923.
Property is occupied and being sold as is.
Financials Upon Request.
Building Details for 21-01 30th Ave
OwnershipMixed Use
Building TypeLow-Rise
Service LevelVoice Intercom
AgePre-War
AccessWalk-up
Year Built1923
Floors/Apts2/3
Transit and Citi Bike
Subway
30 Av
0.38 miles
Citi Bike
30 Ave & 21 St
0.07 miles
Crescent St & 30 Ave
0.16 miles
Ferry
Astoria
0.45 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: 87800TH
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