Bankruptcy Sale

24-35 27th Street, Astoria, New York, 11102
$1,950,000

Description

ERG Commercial Real Estate is pleased to present the exclusive sale of 24-35 27th Street, a compelling multifamily investment opportunity located in the heart of Astoria, Queens. This unique bankruptcy sale opportunity is a four-story walk-up building featuring 9 residential units, with 8 rent-stabilized apartments and 1 free-market unit.

The property sits on a 5,000 SF lot and totals 8,350 SF. Located on a quiet residential block just steps away from 24th Avenue, the building is within walking distance to the N and W subway lines at Astoria Boulevard and 30th Avenue, offering direct access to Midtown Manhattan. It’s also proximity to neighborhood amenities, waterfront parks, and national dining establishments.

Astoria remains one of the most desirable neighborhoods in New York City, known for its diverse community, strong rental demand, and vibrant mix of dining, shopping, and cultural destinations.

Property Documents

Detail

  • Price: $1,950,000
  • Building Size: 8350 SF
  • Lot Size: 5000 SF
  • Year Built: 1924
  • Property Type: Multi-Family
  • Property Status: For Sale
  • Property Tax Amount: $46,245.00
  • Block: 0851
  • Lot: 21
  • Zoning: R5D
  • Property Stories: 4
  • Residential Units: 9
  • Annual Income: $206,559.12
  • Total Expenses: $74,445.00
  • NOI: $132,114.12
  • Address: 24-35 27th Street
  • City: Astoria
  • Zip/Postal Code: 11102
  • Neighborhood: Astoria
  • Country: United States

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All information furnished here is deemed reliable, however it is submitted subject to errors, omissions, change of terms and conditions, prior sale or withdrawal without notice. We do not represent or guarantee the accuracy of any information contained herein and we are not liable for any reliance there on. Thus any prospective purchaser should independently verify all items deemed relevance to its due diligence enquiry with respect to the property, notwithstanding that the sender believes information be true and/or reasonable.