30-72 37th Street
Multifamily | 6.40% CAP | 6 Units
Marketing description
30-72 37th Street presents an opportunity to acquire a six-family multifamily asset in the heart of Astoria, one of New York City's most sought-after rental markets.
Positioned on a quiet residential block between 30th and 31st Ave, the property benefits from strong tenant demand, exceptional transportation access, and proximity to Astoria's thriving retail and restaurant corridors. The building contains six residential apartments across three stories and sits on a 25-foot-wide lot.
Astoria has become one of New York City's premier residential neighborhoods due to its unique combination of accessibility, affordability relative to Manhattan, and vibrant community atmosphere. The neighborhood continues to experience significant investment and remains one of Queens' most desirable rental submarkets.
Investment highlights
- Six residential units
- Steady investment income
- Three-story brick walk-up
- Approximately 3,600 SF building
- Approximately 2,500 SF lot
- Located in one of Queens' strongest rental markets
- Minutes to Manhattan
- Surrounded by the best dining, shopping, and entertainment Queens has to offer
- Long-term rental demand
- Potential for rent growth and value enhancement
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