Turnkey Mixed-Use Investment Opportunity in Prime Astoria – 4.8% Cap Rate

Now available: a rare opportunity to acquire a well-maintained corner mixed-use property in the heart of Astoria—one of Queens' most sought-after neighborhoods for both renters and small businesses.

Investment Highlights:

4 Residential Units

2 one-bedroom apartments

2 two-bedroom apartments with additional half baths

All units leased with strong rental history

Upside potential in future rent increases

2 Ground-Level Commercial Spaces

Established Coffee Shop and Thriving Beauty Salon

High visibility corner location with excellent foot traffic

Reliable, long-term tenants in place

Full Basement

Valuable bonus space with flexible use for storage or commercial operations

Attractive 4.8% Cap Rate

Strong in-place income with room for value-add improvements

Ideal for 1031 exchange, portfolio diversification, or long-term hold

Located near major transit lines, retail corridors, and residential growth, this property offers immediate cash flow with long-term appreciation potential. Perfect for investors looking to expand into a high-demand, low-vacancy submarket. © 2025 OneKey™ MLS, LLC