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Astoria/ Long Island City
Asset ClassMultifamily
# Units6
Square Feet: 5,200Cap Rate: 8.57%# Stories: 3Access Data Room
overview of deal

Overview

Offered exclusively is a classic three-story walk-up apartment building situated in the heart of Astoria / Long Island City, one of Queens’ most consistently sought-after residential neighborhoods. This well-located asset sits on a quiet residential block while remaining moments from some of the area’s most vibrant commercial corridors.

 

The surrounding neighborhood is defined by its exceptional accessibility. Residents benefit from close proximity to multiple subway lines, major thoroughfares, and easy connections to Midtown Manhattan, making the area especially attractive to commuters and long-term renters alike. The location also offers convenient access to nearby employment hubs in Long Island City, Astoria, and Manhattan.

 

Astoria and Long Island City continue to see strong residential demand driven by their blend of classic neighborhood charm and modern urban growth. The area is home to an abundance of restaurants, cafés, parks, waterfront amenities, and local retail, all contributing to a lifestyle that consistently draws and retains tenants.

 

The building itself features a traditional walk-up layout with solid proportions and a timeless façade that fits seamlessly into the surrounding streetscape. Its scale and configuration make it an ideal opportunity for investors seeking a manageable residential asset in a high-barrier, supply-constrained submarket.

 

This offering represents a chance to acquire a well-located Queens multifamily property in one of the borough’s most resilient and desirable neighborhoods, supported by long-term demand fundamentals, transit connectivity, and continued neighborhood growth.

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