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35-02 Ditmars Blvd
Astoria, NY 11105
Multifamily Property For Sale
·
6 Units
Investment Highlights
- Strong pedestrian and vehicle traffic
- Full basement with storage
- Near the Astoria–Ditmars Boulevard subway station
- Central air conditioning for the first-floor commercial space
- Strong pedestrian and vehicle traffic
- Sidewalk heating system
Executive Summary
Prime Mixed-Use Investment Property in the Heart of Astoria’s Ditmars-Steinway District. Located at 35-02 Ditmars Boulevard, Astoria, NY 11105, this highly visible corner property offers an excellent opportunity for investors seeking strong rental income, diversified tenancy, and long-term appreciation potential. The three-story mixed-use building sits on a 20 x 100 lot and offers approximately 4,500 square feet of usable space. The property is zoned R5D/C1-3 and features 5 separate electric meters and 2 gas meters. Annual real estate taxes are approximately $26,424. The property consists of three retail spaces currently generating approximately $20,000, $3,000, and $3,000 per month, along with two spacious three-bedroom residential apartments renting for approximately $3,650 and $3,750 per month. Total annual rental income is approximately $400,000. Additional features include central air conditioning for the first-floor commercial space, a sidewalk heating system, and a full basement with storage. Ideally positioned along the busy Ditmars Boulevard commercial corridor, the property benefits from excellent visibility, strong pedestrian and vehicle traffic, and convenient access to neighborhood restaurants, shops, supermarkets, and other amenities. Located near the Astoria-Ditmars Blvd subway station with convenient N/W train service to Manhattan. A rare Astoria corner mixed-use asset offering multiple income streams, strong commercial exposure, and excellent long-term investment potential.
Property Facts
| Price Per Unit | $1,250,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.05 AC |
| No. Units | 6 | Building Size | 3,794 SF |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built | 1920 |
| Apartment Style | Low-Rise | ||
| Zoning | R5D - Residential | ||
| Price Per Unit | $1,250,000 |
| Sale Type | Investment |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.05 AC |
| Building Size | 3,794 SF |
| No. Stories | 3 |
| Year Built | 1920 |
| Zoning | R5D - Residential |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 6 | - | - |
Property Taxes
| Parcel Number | 00822-0029 | Improvements Assessment | $208,795 |
| Land Assessment | $3,634 | Total Assessment | $212,429 |
Property Taxes
Parcel Number
00822-0029
Land Assessment
$3,634
Improvements Assessment
$208,795
Total Assessment
$212,429
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