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34-12 29th St 20 Unit Apartment Building $5,800,000 ($290,000/Unit) 5.03% Cap Rate Long Island City, NY 11106
INVESTMENT HIGHLIGHTS
- Renovated
- Convenient Location
- Modern
- Lots of Natural Light
EXECUTIVE SUMMARY
A well-maintained 4-story building featuring 20 generous apartments in the heart of Astoria—10 one-bedrooms and 10 studios, all rent-stabilized. Residents enjoy unbeatable convenience with buses, subway lines, shops, and dining just moments away. The rooftop showcases sweeping views of the NYC skyline and the best of Astoria, making this an attractive asset for long-term investors seeking steady demand, stable income, and prime Queens location.
For more info, contact:
Zhen Hu
(917) 776-7588
zhentherealtor@gmail.com
Allison Eng
(347) 321-3983
allisonenghomes@gmail.com
For more info, contact:
Zhen Hu
(917) 776-7588
zhentherealtor@gmail.com
Allison Eng
(347) 321-3983
allisonenghomes@gmail.com
PROPERTY FACTS
| Price | $5,800,000 | Apartment Style | Mid-Rise |
| Price Per Unit | $290,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.12 AC |
| Cap Rate | 5.03% | Building Size | 14,130 SF |
| No. Units | 20 | No. Stories | 4 |
| Property Type | Multifamily | Year Built | 1936 |
| Property Subtype | Apartment | ||
| Zoning | R5 - Medium density district with a height limit of 40 feet | ||
| Price | $5,800,000 |
| Price Per Unit | $290,000 |
| Sale Type | Investment |
| Cap Rate | 5.03% |
| No. Units | 20 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.12 AC |
| Building Size | 14,130 SF |
| No. Stories | 4 |
| Year Built | 1936 |
| Zoning | R5 - Medium density district with a height limit of 40 feet |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Heating
- Kitchen
- Hardwood Floors
- Refrigerator
- Oven
- Range
- Tub/Shower
- Basement
SITE AMENITIES
- Controlled Access
- Recycling
- Smoke Free
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 10 | - | 650 |
| 1+1 | 10 | - | 750 |
1 1
Walk Score®
Walker's Paradise (97)
Transit Score®
Rider's Paradise (100)
Bike Score®
Very Bikeable (76)
PROPERTY TAXES
| Parcel Number | 00584-0033 | Improvements Assessment | $572,580 |
| Land Assessment | $175,500 | Total Assessment | $748,080 |
PROPERTY TAXES
Parcel Number
00584-0033
Land Assessment
$175,500
Improvements Assessment
$572,580
Total Assessment
$748,080
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34-12 29th St
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