4509 28th Avenue, Astoria, NY 11103

Property 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!