This well-positioned asset is a rare find that offers investors an opportunity to acquire a free-market, income-producing property in one of Queens’ most desirable and rapidly growing neighborhoods. The building features a strong tenant mix and consistent cash flow, making it an ideal long-term hold for investors seeking stability and appreciation.
The ground floor retail space is occupied by a popular and well-established restaurant with two years remaining on its lease, providing reliable commercial income.
Above the retail space are three residential units, consisting of one three-bedroom apartment and two one-bedroom apartments, all currently occupied and only one with a one-year lease remaining.
The property has been meticulously maintained and thoughtfully upgraded, with updated plumbing and electrical systems throughout the building, offering a true turn-key investment with minimal to no immediate capital requirements.
Strategically located in prime Astoria, the property sits just one block from Northern Boulevard and is only a five-minute walk to the R/M subway station, providing excellent access to Manhattan and surrounding neighborhoods. The area is surrounded by vibrant retail corridors, renowned restaurants, and continued residential growth, making Astoria one of Queens’ most sought-after investment markets.
43-06 34th Avenue represents an exceptional opportunity to acquire a free-market mixed-use asset with immediate cash flow and significant long-term upside in a premier Queens location.