43-06 34 Avenue, Astoria, NY 11101
Queens County
Key Facts
Description
This well-positioned asset is a rare find that offers investors an opportunity to acquire a free-market, income-producing property in one of Queens’ most desirable and rapidly growing neighborhoods. The building features a strong tenant mix and consistent cash flow, making it an ideal long-term hold for investors seeking stability and appreciation. The ground floor retail space is occupied by a popular and well-established restaurant with two years remaining on its lease, providing reliable commercial income. Above the retail space are three residential units, consisting of one three-bedroom apartment, one two-bedroom apartment, and one one-bedroom apartment, all currently occupied and all are month to month. The property has been meticulously maintained and thoughtfully upgraded, with high ceilings and offering a true turn-key investment with minimal to no immediate capital requirements. Strategically located in prime Astoria, the property sits just one block from Northern Boulevard and is only a five-minute walk to the R/M subway station, providing excellent access to Manhattan and surrounding neighborhoods. The area is surrounded by vibrant retail corridors, renowned restaurants, and continued residential growth, making Astoria one of Queens’ most sought-after investment markets. 43-06 34th Avenue represents an exceptional opportunity to acquire a free-market mixed-use asset with immediate cash flow and significant long-term upside in a premier Queens location.
Property Information
Property Type
Residential Income
Sub-Type
Quadruplex
Year Built
1928
Living Area
4,020 sq ft
Lot Size
2,100 sq ft
Lot Dimensions
20 x 105
Days on Market
120
MLS® Listing#
974837
Property Features
Interior
Cooling
Heating
Basement
Parking
Construction
Utilities
Sewer
Water Source
Schools
- Elementary:
- Ps 166 Henry Gradstein
- Middle:
- Is 230
- High:
- William Cullen Bryant High School
Financial Details
Annual Taxes
$35,354
Parcel Number
4007030027
Affordability Calculator
$560,000
Estimated monthly payment
$14,903/mo
Principal $2,240,000 · Est. interest $3,124,999 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Astoria, NY
- $1,000,000
- Median Listing Price
- 68
- Median Days on Market
- 1,065
- Median Sq Ft
- $958
- Median Price / Sq Ft
- 124
- Active Listings
- This home’s price is 180% above the area median.
- Its price per sq ft is 27% below the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Astoria, NY.
Location
Points of Interest in Astoria, NY
Showing the Astoria area map.
Nearby Schools
Most Precious Blood School
Elementary · 0.3 mi away
Our World Neighborhood Charter School
Elementary · 0.3 mi away
Miami Ad School New York
School · 0.3 mi away
Dc9 Finishing Trades Institute
School · 0.4 mi away
Frank Sinatra School of the Arts
Secondary · 0.4 mi away
I S 429
School · 0.4 mi away
I. S. 010 Horace Greeley
Secondary · 0.4 mi away
Urban Dove Team Charter School III Queens
Secondary · 0.4 mi away
P. S. 166 Henry Gradstein
Elementary · 0.4 mi away
Baccalaureate School for Global Education
Secondary · 0.5 mi away
William Cullen Bryant High School
Secondary · 0.5 mi away
P. S. 070q
Elementary · 0.5 mi away
P. S 70 Queens
Elementary · 0.5 mi away
PS 151
Elementary · 0.5 mi away
Gotham Tech High School
Secondary · 0.5 mi away
PS 150
Elementary · 0.7 mi away
I. S 204 Oliver W Holmes
Secondary · 0.7 mi away
Energy Tech High School
Secondary · 0.7 mi away
Saint Demetrios Preparatory
Secondary · 0.8 mi away
St Demetrios Middle School
School · 0.8 mi away
Commute Calculator
Nearby Homes
Similar Homes Nearby
Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 1840 21st Drive, Astoria, NY | $1,969,888 | 6 | 4 | 2,560 |
| 20-49 49th Street, Astoria, NY | $1,990,000 | 6 | 5 | 2,314 |
| 30-19 33rd Street, Astoria, NY | $1,995,000 | 8 | 3 | 3,300 |
| 2511 44th Street, Astoria, NY | $1,999,000 | 6 | 4 | 3,100 |
| 3104 28th Avenue, Astoria, NY | $2,199,000 | 6 | 4 | 3,000 |
| 1855 21st Drive, Astoria, NY | $2,250,000 | 8 | 4 | 3,069 |
Moving Cost Estimate
EXIT Agents in Astoria
Listing Courtesy: Charles Rutenberg Realty Inc - 5165757500
Presented by: Vincent J. Alessi SFR SRES
Fair Housing Notice