Presenting a fantastic opportunity to acquire a well-maintained 12-unit
multifamily building located in the highly sought-after neighborhood of
Astoria, Queens. Built in 2004, this modern building boasts a desirable mix of
8 one-bedroom apartments and 4 two-bedroom apartments, offering
excellent rental demand and consistent income potential, with plenty of
upside in the current rental rates due to the possibility of free market lease conversion on
lease renewals.

The property features a super-low vacancy rate , highlighting its strong
appeal to tenants and providing immediate cash flow for investors. Each unit
is equipped with separate utilities, ensuring low maintenance costs and
minimal management hassle. The building is strategically located in one of
Queens’ most vibrant areas, known for its diverse culture, thriving dining
scene, and easy access to public transportation and Manhattan.

This is a prime investment opportunity for both seasoned investors and those
looking to break into the thriving Astoria market. With a strong rental history
and a solid construction foundation, this property offers long-term value and
growth potential with the free market lease conversion plus the installation of
laundry facilities. Don’t miss the chance to own a piece of Astoria’s real
estate boom!