34-38 41 STREET

Elite ListingMultifamily QueensAstoria

$5,000,000

Price

6.0%

Cap Rate

17

Units

$298,671

NOI


Property located at 34-38 41 STREETIc expand

ARM Real Estate Group has been exclusively retained to sell 34-38 41st Street in the Astoria section of Queens. The asset consists of 17 residential units - 2 studios, (13) 1-bedroom and (2) 2-bedroom penthouse units with private outdoor spaces. The property is located 2 blocks from the M and R subway stop located at the corner of Steinway Street and 34th Avenue. Built in 2004, the property benefits from spacious layouts, Juliet balconies, basement storage and on-site laundry. There is potential to increase the room count on several of the units once the 421A tax abatement expires in approximately 3 years.

Property Details

Block/Lot:673/38
Lot Dimensions 100.0 x 95.0
Lot Area9,500 sq.ft
Zoning: R5
FAR as Built:1.87
Max FAR:2.0

Exclusive Agent

Anand Melwani

ARM Real Estate Group

Contact AgentView Setup

Sales & Transactions

AddressNeighborhoodBuilding ClassSale PriceSale Date
30-83 23RD STREETASTORIAD1$8,400,00007/31/2018
31-31 30TH STREETASTORIAV0$600,00007/24/2018
25-12 37TH STREETASTORIAC0$400,00007/24/2018
28-08 23RD AVENUEASTORIAC1$3,020,00007/24/2018
31-33 30TH STREETASTORIAV0$1,200,00007/24/2018
25-16 18TH STREETASTORIAC1$3,500,00007/24/2018
18-48 21ST DRIVEASTORIAC3$1,750,00007/19/2018
24-37 41ST STREETASTORIAC0$1,400,00007/19/2018
26-06 24TH AVENUEASTORIAC0$1,560,00007/13/2018
21-51 32ND STREETASTORIAC0$1,600,00007/12/2018