New York, NY 11103

Property

Ownership: For Sale
Type: Unknown
Bedrooms: 6 BR
Bathrooms: 3

Financials

Price:$1,738,000
Annual Taxes:$9,500
24-20 Jackson Ave Floor 3 Long Island City, NY 11101, USA
Listing Courtesy of EXP Realty

Prime Astoria Mixed Use Investment Opportunity Delivered Fully Vacant !

Description

Prime Astoria Mixed-Use Investment Opportunity – Delivered Fully Vacant! Rare opportunity to own a prime mixed-use property in one of Astoria’s most desirable locations! Ideal for investors, 1031 exchange buyers, or owner-users, this versatile property features 2 residential units and 1 commercial storefront, offering excellent income potential and long-term investment value. The second floor consists of a 2-bedroom, 1-bathroom apartment and a 1-bedroom, 1-bathroom apartment, while the first floor is currently configured as an attorney’s office. The property offers approximately 2,600 sq. ft. of interior space, with a building footprint of approximately 20 x65 ft. Designed for convenient management, the building features 3 separate electric meters, 3 gas meters, 3 gas heat boilers, and 3 hot water tanks, allowing for independent utility systems. Additional highlights include updated roof waterproofing and low annual property taxes of approximately $9,500. Zoning R5 Conveniently located near the E/F/M/R subway lines, shopping, restaurants, and neighborhood amenities, providing excellent accessibility and everyday convenience. An outstanding opportunity to acquire a fully vacant, income-producing mixed-use property with attractive cap-rate potential and long-term appreciation upside in prime Astoria!

Amenities

  • Built-in Features
  • Electricity Connected
  • High ceiling
  • Natural Gas Connected
  • Sewer Connected
  • Water Connected

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.