DESCRIPTION

Welcome to 33-52 29th street — a meticulously maintained and fully renovated four-family property located just moments (two blocks) from the broadway subway station in the heart of astoria.  Perfect for both investors and owner-users, this exceptional asset offers a rare combination of strong existing income, value-add upside, and long-term stability in one of queens' most desirable neighborhoods.  The property features four thoughtfully laid-out residential units: -ground floor: one 1-bedroom unit and one 2-bedroom unit with immediate access to the fully fenced backyard and the large finished basement — both units will be delivered vacant at closing, offering immediate leasing or owner-occupancy options.  -second floor: two spacious 2-bedroom units — one leased at $2,500/month through january 2026, and the other month-to-month at $2,400/month.  All units have been tastefully renovated, with quality finishes and updated systems throughout.  The full finished basement adds additional utility and potential for additional usable space, storage, or amenity space.  Ownership has taken great pride in maintaining the property.  The roof, boiler, and mechanical systems are all in excellent condition, ensuring minimal capital expenditures for the next owner.  With current rents below market, this property is ideally positioned for future rent growth.  Based on comparable units in the area, the asset has the potential to generate $12,000–$13,000 per month in gross rental income, presenting a compelling opportunity to increase cash flow and overall value.  Located on a quiet, tree-lined block just around the corner from vibrant broadway and close to parks, cafes, and the n/w trains, this is a truly turn-key opportunity in a high-demand rental market.  Contact us today to schedule a private tour.  


Data is provided by OneKey MLS.