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.
Active
$2,800,000
2915 Astoria Blvd #1, Astoria, NY 11102
10beds
4,841sqft
Building
Built in 1931
-- sqft lot
$2,699,400 Zestimate®
$578/sqft
$-- HOA
What's special
Ground-level commercial spacesHigh visibility corner locationFull basementEstablished coffee shopCorner mixed-use propertyThriving beauty salon
- 19 days
- on Zillow |
- 268 |
- 15 |
Zillow last checked: 7 hours ago
Listing updated: May 27, 2025 at 06:32pm
Listing by:
Oxford Property Group 347-744-1517,
Indrit Murtini
Source: StreetEasy,MLS#: S1773271
Travel times
Tour with a buyer’s agent
Tour with a buyer’s agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 10
- Bathrooms: 9
- Full bathrooms: 6
- 1/2 bathrooms: 3
Interior area
- Total structure area: 4,841
- Total interior livable area: 4,841 sqft
Property
Details
- Special conditions: Resale
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Building
Condition
- Year built: 1931
Community & HOA
Community
- Subdivision: Astoria
HOA
- Services included: Maintenance
Location
- Region: Astoria
Financial & listing details
- Price per square foot: $578/sqft
- Annual tax amount: $46,260
- Date on market: 5/27/2025
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