2814 47th St 6 Unit Apartment Building $1,295,000 ($215,833/Unit) Astoria, NY 11103
EXECUTIVE SUMMARY
Discover this investment opportunity in the heart of Astoria! Located just off 30th Avenue, this 30' wide, six-unit building features six generously sized two-bedroom apartments, each offering a spacious living room and dedicated dining room layout.
The property is equipped with gas heating and has completed both Local Law 152 (gas line inspection) and Local Law 31 (lead paint testing), offering a strong compliance foundation for future renovations. While the building would benefit from some TLC, it presents an excellent opportunity for value-add improvements.
A full unfinished basement currently offers storage potential, and the large rear yard provides space for shared or private outdoor use.
Set in a vibrant neighborhood near restaurants, cafes, shops, and public transportation, this property is ideal for investors looking to unlock long-term value in one of Queens’ most desirable communities.
The property is equipped with gas heating and has completed both Local Law 152 (gas line inspection) and Local Law 31 (lead paint testing), offering a strong compliance foundation for future renovations. While the building would benefit from some TLC, it presents an excellent opportunity for value-add improvements.
A full unfinished basement currently offers storage potential, and the large rear yard provides space for shared or private outdoor use.
Set in a vibrant neighborhood near restaurants, cafes, shops, and public transportation, this property is ideal for investors looking to unlock long-term value in one of Queens’ most desirable communities.
PROPERTY FACTS
| Price | $1,295,000 |
| Price Per Unit | $215,833 |
| Sale Type | Investment |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.07 AC |
| Building Size | 5,250 SF |
| No. Stories | 3 |
| Year Built | 1928 |
| Zoning | R5 |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 6 | - | - |
1 of 1
Walk Score®
Walker's Paradise (96)
Transit Score®
Rider's Paradise (96)
PROPERTY TAXES
| Parcel Number | 00720-0031 | Improvements Assessment | $155,993 |
| Land Assessment | $3,070 | Total Assessment | $159,063 |
CONTACT
-
Anthony Lo Verme -
Blue Brick Real Estate
