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Listed price in listed location currency (USD).
$5,500,000

0012

MLS® 1000537

  • Key Facts
  • Description
  • Map

Key Facts

Type Multi Family
Levels Commercial Sale
Size -
Garage No
HOA Fees 
Taxes $120,000
Days Active 0
Approx. Age 1963
MLS® Number 1000537

Property Address: 94-20 Astoria Boulevard, New York, NY, 11369

Average square foot calculated using Size range provided by listing agent.

Description

Investor Opportunity in the Path of Willets Point Redevelopment 38-Unit Multifamily Asset | Strong In-Place Cash Flow | 6% Cap Rate R6B / C1-3 Zoning - 9, 000 square feet of unused FAR - 38 rent-stabilized studio apartments - 9 income-producing parking spaces - 6% Cap Rate - Approximately 9, 000+ SF of unused FAR - Detached building with operational flexibility - Positioned to benefit from the multibillion-dollar Willets Point redevelopment - Rare combination of current yield and future upside Positioned just minutes from the multibillion-dollar Willets Point redevelopment, this property offers investors a rare combination of stable cash flow and long-term upside. Located on Astoria Boulevard, the asset benefits from its proximity to the future soccer stadium, hotel, retail, and mixed-use developments that are transforming the area. Location Highlights - Minutes from the Willets Point redevelopment district - Convenient access to LaGuardia Airport - Served by the Q19, Q49, Q72, and Q47 bus lines - Minutes to the Grand Central Parkway, Long Island Expressway and Cross Island Parkway - A unique opportunity to acquire a cash-flowing multifamily asset with significant appreciation and development potential in one of Queens' fastest-growing corridors, just minutes away from the most exciting thing to happen in Queens since the World’s Fair.
MLS® Number1000537
Locker
Ensuite LaundryNo
Balcony
Furnished
Laundry Level
Exposure
Exterior
GarageNo
Approx. Age1963
Stories
Pets

Included in Maintenance Fee

Heat
Hydro
Water
Building Insurance
Condo Taxes
Cable TV
Central Air
Parking Maintenance

Utilities

Heat
A/C
Heating Fuel

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Jun 8, 2026List Date
$5,500,000List Price
  • Commute

Commute

Starting Address
Destination Address
94-20 Astoria Boulevard, New York, NY

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