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12-Unit Multifamily/ Upside in Prime Ast 2 Multifamily Properties Offered at $3,500,000 in Astoria, NY
INVESTMENT HIGHLIGHTS
- TWO ADJACENT PROPERTIES - 12 UNITS TOTAL
- 100% OCCUPIED PROPERTY
- LONG ISLAND CITY LOCATION - 15 MINS FROM NYC
- LOW PREFERNTAL ON 2 UNITS - MARKET UPSIDE
EXECUTIVE SUMMARY
32-72 & 32-70 48th Street is a 12-unit multifamily portfolio located in the heart of Astoria/Long Island City. Consisting of two adjacent 3-story walk-up buildings, the properties are fully occupied with rent-stabilized tenants and additional income from storage and subleases. Long-term ownership and strong in-place management. Significant upside through preferential rents. Prime location near Northern Blvd, M/R subway lines, and growing retail/dining scene. Ideal for investors seeking stable cash flow with long-term value-add potential.
PROPERTY FACTS
| Price | $3,500,000 | Number of Properties | 2 |
| Price / SF | $317.72 / SF | Individually For Sale | 0 |
| Cap Rate | 5.45% | Total Building Size | 11,016 SF |
| Sale Type | Investment | Total Land Area | 0.13 AC |
| Status | Active |
| Price | $3,500,000 |
| Price / SF | $317.72 / SF |
| Cap Rate | 5.45% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 11,016 SF |
| Total Land Area | 0.13 AC |
PROPERTIES
| PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | YEAR BUILT | INDIVIDUAL PRICE |
|---|---|---|---|---|
| 3272 48th St, Astoria, NY 11103 | Multifamily | 5,508 SF | 1928 | - |
| 3270 48th St, Astoria, NY 11103 | Multifamily | 5,508 SF | 1928 | - |
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Amo Realty
12-Unit Multifamily/ Upside in Prime Ast
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