Multifamily
34-32 33rd Street
34-32 33rd Street, Astoria, NY 11106
Listing Price: $2,200,000
Investment Overview
Marcus & Millichap is pleased to exclusively offer 34-32 33rd Street presents the opportunity to acquire a well-maintained six-unit multifamily asset in the heart of Astoria, one of Queens' most desirable and supply-constrained rental markets. Situated on a 25' x 100' lot, the property contains approximately 4,560 square feet and features a balanced mix of rent-stabilized and free-market apartments, providing investors with immediate cash flow and future upside potential.
The building consists of six residential units, including one one-bedroom, three two-bedroom, and two three-bedroom apartments. Three units are currently free market and three units are rent stabilized, creating a strategic blend of stable income and rental growth opportunities. The free-market units have been updated with modern finishes, including in-unit washer/dryers, allowing ownership to capitalize on Astoria's strong tenant demand and premium rental rates.
34-32 33rd Street
Investment Highlights
- 34-32 33rd Street, built in 1926, is a 6-unit multifamily asset spanning 4,560 SF and sits on a 25' x 100' lot (Block: 609, Lot: 41).
- Tax Class: 2A | Zoning: R5 | 50% Fair Market
- 34-32 33rd Street benefits from excellent transportation access, a vibrant dining and retail corridor, and continued residential demand driven by its proximity to Manhattan.
Listing Price: $2,200,000
Investment Highlights
- 34-32 33rd Street, built in 1926, is a 6-unit multifamily asset spanning 4,560 SF and sits on a 25' x 100' lot (Block: 609, Lot: 41).
- Tax Class: 2A | Zoning: R5 | 50% Fair Market
- 34-32 33rd Street benefits from excellent transportation access, a vibrant dining and retail corridor, and continued residential demand driven by its proximity to Manhattan.
Investment Overview
Marcus & Millichap is pleased to exclusively offer 34-32 33rd Street presents the opportunity to acquire a well-maintained six-unit multifamily asset in the heart of Astoria, one of Queens' most desirable and supply-constrained rental markets. Situated on a 25' x 100' lot, the property contains approximately 4,560 square feet and features a balanced mix of rent-stabilized and free-market apartments, providing investors with immediate cash flow and future upside potential. The building consists of six residential units, including one one-bedroom, three two-bedroom, and two three-bedroom apartments. Three units are currently free market and three units are rent stabilized, creating a strategic blend of stable income and rental growth opportunities. The free-market units have been updated with modern finishes, including in-unit washer/dryers, allowing ownership to capitalize on Astoria's strong tenant demand and premium rental rates.
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