Listed by Spire Group Real Estate, FIND Real Estate
$2,800,000
29-15 Astoria Boulevard #1
Details
Property Type Multifamily, Mixed Use
Sub Type Apartment Building
Square Footage 4,841
Units 4
Cap Rate 5.20%
Occupancy 100%
Price per SqFt $578
Class A
Year Built 1931
Stories 3
Turnkey Mixed-Use Investment Opportunity in Prime Astoria – 5.2% Cap Rate
Marketing description
Turnkey Mixed-Use Investment Opportunity in Prime Astoria – 5.2% Cap Rate
Now available: a rare opportunity to acquire a well-maintained corner mixed-use property in the heart of Astoria—one of Queens' most sought-after neighborhoods for both renters and small businesses.
Investment highlights
- 4 Residential Units
- 2 one-bedroom apartments
- 2 two-bedroom apartments with additional half baths
- All units leased with strong rental history
- Upside potential in future rent increases
- 2 Ground-Level Commercial Spaces
- Established Coffee Shop and Thriving Beauty Salon
- High visibility corner location with excellent foot traffic
- Reliable, long-term tenants in place
- Full Basement
- Valuable bonus space with flexible use for storage or commercial operations
- Attractive 5.2% Cap Rate
- Strong in-place income with room for value-add improvements
- Ideal for 1031 exchange, portfolio diversification, or long-term hold
- Located near major transit lines, retail corridors, and residential growth, this property offers immediate cash flow with long-term appreciation potential. Perfect for investors looking to expand into a high-demand, low-vacancy submarket.
Listing Contacts
Listed by Spire Group Real Estate, FIND Real Estate
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Zoning
C4-3 CommercialGeneral CommercialGeneral Commercial
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View all 265 uses Last updated Apr 22, 2026 For deeper zoning details, reports are available at Zoneomics
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