Unit Amenities

Location Amenities

Constructed in 1976 as a movie theater, 25-94 Steinway Street is a distinctive mixed-use property positioned just off 28th Avenue in the center of Astoria’s most active commercial corridor. As one of only ten similar buildings along the entire strip, it presents a rare opportunity for both investors and owner-users.The ground-floor retail area measures approximately 20 by 90 feet and includes a full basement, providing excellent space for storage or future expansion. At the rear, the site offers a 2-car garage with a loading dock—an increasingly hard-to-find advantage on busy Steinway Street, where parking and delivery access are highly valued.

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Located in the heart of Ridgewood, this six-family multifamily building presents an excellent opportunity for both owner-occupants and investors. The owner has intentionally kept one unit vacant to make property showings more convenient. A buyer can occupy the vacant unit while generating rental income from the remaining five units to help offset mortgage costs, or lease all six units to maximize investment returns and cash flow.

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Six-family multifamily building in Ridgewood, New York, offered at $1,275,000 at a 5.74% cap rate. The three-story, 5,833 SF asset contains six units and is currently 83% occupied, with one unit held vacant by the owner to facilitate showings. A buyer can occupy the vacant unit while collecting rent from the five leased units to offset mortgage costs, or lease all six units to maximize cash flow and investment returns.

Built in 1930 on a 0.06-acre lot zoned R-6B C1-4, the building sits in central Ridgewood, a neighborhood well served by public transit. The location offers direct access to subway, commuter rail, bus lines, and nearby airport connectivity, making it attractive to both owner-occupants seeking primary residence flexibility and investors targeting steady rental income in an established residential market.

Highlights:
• Six-unit multifamily building, 83% occupied with one vacant unit
• Owner-occupant or full investment flexibility
• 5.74% cap rate
• Central Ridgewood location with subway and commuter rail access
• Built 1930, three stories on 0.06-acre lot

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Site Amenities

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This newly developed 12-unit elevator building offers a strong investment opportunity, generating approximately $510,000 in gross annual income and $440,000 in net operating income. The property benefits from 32 years remaining on a 421a tax abatement and features a well-balanced tenant mix of nine residential apartments and three built-to-suit retail medical spaces occupied by established medical tenants. Residents are responsible for their own heating costs, and each floor is equipped with a dedicated maintenance closet and individual hot water heaters, contributing to efficient property management and reduced operating expenses.

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Newly constructed 12-unit multifamily building in Woodside, Queens, offered at $6,785,000 at a 6.47% cap ($440,000 NOI). The Class B elevator building, completed in 2023, combines nine residential apartments with three built-to-suit retail medical spaces leased to established medical tenants, generating approximately $510,000 in gross annual income. The property benefits from 32 years remaining on a 421a tax abatement, providing significant long-term tax savings.

The six-story building totals 10,010 SF on a 0.06-acre lot zoned R6/C1-4/R5D. Residents are responsible for their own heating costs, and each floor includes a dedicated maintenance closet and individual hot water heaters, reducing operating expenses and simplifying management. Unit amenities include air conditioning, central heating, washer/dryer or laundry services, dishwasher, microwave, and natural light. The building features controlled access and is fully occupied.

The location offers strong transit access via public transportation, metro/subway, commuter rail, and bus lines, with proximity to LaGuardia Airport. The Roosevelt Avenue corridor in Woodside is a well-established residential and commercial neighborhood with convenient access to regional transportation networks.

Highlights:
• 32 years remaining on 421a tax abatement
• Nine residential units plus three medical retail spaces
• Fully occupied, 100% leased
• Built 2023, six-story elevator building with controlled access
• Strong transit access and proximity to LaGuardia Airport

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This prime vacant development site at 18-44 26th Road in the heart of Astoria presents an outstanding opportunity for residential developers. The 25-foot by 77-foot lot offers approximately 8,700 buildable square feet under R7X zoning, making it well suited for a boutique condominium or rental project with efficient residential layouts and a desirable unit mix. Located on a sought-after residential block, the property benefits from Astoria's strong housing demand, where new developments have consistently achieved resale values exceeding $1,000 per square foot. Its proximity to vibrant restaurants, retail amenities, the waterfront, and convenient subway access to Manhattan further enhances its long-term investment appeal. This is a rare opportunity to acquire a strategically located development site in one of Queens' fastest-growing and most desirable neighborhoods.

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Vacant development site at 18-44 26th Road in Astoria, Queens, offered at $1,700,000. The 25-foot by 77-foot lot comprises approximately 8,700 buildable square feet under R7X zoning, well suited for a boutique condominium or rental residential project. The property is positioned in one of Queens' fastest-growing neighborhoods, where new residential developments have consistently achieved resale values exceeding $1,000 per square foot.

Located on a sought-after residential block, the site benefits from strong housing demand and proximity to Astoria's vibrant restaurants, retail, and waterfront. Convenient subway access connects directly to Manhattan, with additional public transportation options including bus lines and commuter rail nearby. The efficient lot dimensions and zoning designation support flexible residential unit mixes, making this a rare acquisition opportunity for developers seeking a strategically positioned site in a high-demand market.

Highlights:
• R7X zoning; approximately 8,700 buildable SF
• Resale comps in the neighborhood exceed $1,000/SF
• Direct subway access to Manhattan
• Vibrant neighborhood with restaurants, retail, and waterfront proximity
• Prime Astoria location in a rapidly appreciating market

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Located in a prime A+ Astoria neighborhood, this well-maintained multifamily property features six renovated apartments, with 50% of the units designated as free market and one unit currently vacant, providing immediate leasing or owner-occupancy potential. The property generates approximately $17,500 in gross monthly income, totaling about $210,000 annually, with operating expenses of roughly $50,000 and a net operating income of approximately $160,000. Offering a 6.4% cap rate and an 11.9x gross rent multiplier, the asset also presents upside potential through future rent growth. The building is in excellent condition, making it an attractive investment opportunity. Contact the listing broker for additional details.

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Multifamily investment in Astoria, Queens: six-unit apartment building at 3155 35th Street, offered at $2,490,000 with a 6.43% cap rate and $160,000 NOI. The Class C property generates approximately $210,000 in gross annual income, with one unit currently vacant and 50% of units in free market, presenting immediate leasing upside.

Built in 1925 and well-maintained, the 5,025 SF building spans three stories on a 0.06-acre R6-zoned lot. The structure is in excellent condition with recently renovated apartments. Located in the A+ Astoria neighborhood, the property benefits from strong transit access including subway, commuter rail, bus lines, and proximity to major airports, making it attractive to both owner-occupants and investors seeking cash flow in a transit-rich corridor.

Highlights:
• $160,000 NOI on $210,000 gross annual income
• 6.43% cap rate; 11.9x gross rent multiplier
• One vacant unit and 50% free-market rents—immediate leasing potential
• Three-story, six-unit building in excellent condition
• Prime Astoria location with direct subway and commuter rail access

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This 4,840-square-foot single-tenant retail property offers an exceptional opportunity to establish a business in the heart of Astoria's thriving 30th Avenue commercial corridor. Located at 36-17 30th Avenue, the space sits within one of the neighborhood's busiest dining and retail destinations, benefiting from steady foot traffic, vibrant street activity, and excellent visibility throughout the day and evening. Surrounded by popular restaurants, cafés, bars, and local retailers, the location attracts both loyal residents and visitors, while nearby N and W subway lines provide convenient access for commuters. The approximately 1,800-square-foot open-concept interior allows for flexible customization to suit a variety of uses, including restaurant, café, boutique retail, medical, office, fitness, specialty services, or other commercial concepts. With an unobstructed storefront offering outstanding exposure to both pedestrian and vehicle traffic, this prime location presents a rare opportunity to launch or expand a business in one of Queens' most sought-after retail corridors.

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3617 30th Avenue in Astoria, Queens, is a 4,840 SF single-tenant retail space available on a negotiable lease at $2.17 per month. Located on 30th Avenue, one of the neighborhood's premier commercial corridors, the property sits amid thriving dining, retail, and café destinations with strong foot traffic and excellent visibility. The space features approximately 1,800 SF of flexible open-concept interior and an unobstructed storefront with outstanding exposure to both pedestrian and vehicle traffic.

The location benefits from proximity to the N and W subway lines, providing convenient commuter access, and is surrounded by popular restaurants, bars, and local retailers that draw both residents and visitors. The property is zoned C4-2A and situated on 0.046 acres. The flexible layout accommodates a variety of commercial uses, including restaurant, café, boutique retail, medical, office, fitness, or specialty services.

Highlights:
• Prime 30th Avenue retail corridor in Astoria
• 4,840 SF with flexible open-concept layout
• Unobstructed storefront with high pedestrian and vehicle traffic
• Near N and W subway lines
• Negotiable lease terms; available July 2026

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Amorelli Realty

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Amorelli Realty - Commercial Real Estate Brokerage

Amorelli Realty

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