Voyeur Real Estate is excited to be the exclusive broker for the sale of 19-24 22nd Drive, located on the south side of 22nd Drive between 19th Street and 21st Street, in Queens Astoria neighborhood.
*Fully renovated within the last 3 years*
Located just off Astoria Park and the East River Waterfront!
The property is a 5,230 square foot plus finished basement, two-story multi-family building, containing 4 residential units, consisting of two two-bedroom and two three-bedroom apartments, and includes a custom owners duplex suite on the ground level and lower level. The property is a 25' x 117.42' lot, with R5B zoning, and includes 469 square feet of remaining air rights for a rooftop expansion.
NOI = $152,598
Cap Rate = 5.1%
Just 100 yards from both Astoria Park and 21st Street, one of Astorias main thoroughfares, 0.8 miles from the BQE and RFK/Triborough Bridge, and located 0.5 miles from the N-W subway station at Ditmars Blvd, 19-24 22nd Drive is around the corner from the East River waterfront and is located just 0.5 miles from the new Mount Sinai Hospital Queens expansion project.
Strong demand for sales and rentals continues to drive the residential market in Astoria, offering investors the opportunity to acquire an asset with considerable long-term upside as either a rental property or condominium conversion in the coming years.
3% commission to cooperating broker.
Please email Jeff Harris for the investment setup.
