Property

Ownership: For Sale
Type: Multi-Family
Bedrooms: Studio
Pets: Pets No

Financials

Price:$1,600,000
Annual Taxes:$18,353.40
47-44 Vernon Blvd, Long Island City, NY 11101
Listing Courtesy of Douglas Elliman Real Estate

Description

Exceptional 6-Unit Investment Opportunity in Prime Astoria Positioned on a charming, tree-lined block in one of Queens’ most desirable neighborhoods, 30-67 42nd Street presents a rare chance to own a well-maintained, rent-stabilized six-unit multifamily property in the heart of Astoria. Each floor offers two spacious 2-bedroom, 1-bathroom units, for a total of six income-generating residences. With its strong rent-stabilized tenant base and historically low vacancy rates in the area, this building is ideal for long-term investors seeking immediate cash flow and long-term upside. The roof is in excellent condition, a testament to the care and upkeep of this classic pre-war structure. The building also offers a clean and functional layout that provides both efficiency and comfort across all units. Located just minutes from Steinway Street, 30th Avenue, and the N/W subway lines, this property is surrounded by Astoria’s best dining, shopping, and neighborhood offerings—making it a consistent draw for quality tenants. Whether you’re a seasoned investor or entering the multifamily space, 30-67 42nd Street represents stability, location, and opportunity in equal measure.

Amenities

  • Back Yard

Exceptional 6 Unit Investment Opportunity in Prime Astoria Positioned on a charming, tree lined block in one of Queens most desirable neighborhoods, 30 67 42nd Street presents a rare chance ...


    Long Island MLS

    All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. International currency conversions where shown are estimates based on recent exchange rates and are not official asking prices.

    All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.