Turnkey Mixed-Use Investment Opportunity in Prime Astoria – 5.2% 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 5.2% 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
$2,780,300 Zestimate®
$578/sqft
$-- HOA
What's special
High visibility corner locationFull basementEstablished coffee shopCorner mixed-use propertyThriving beauty salon
- 86 days
- on Zillow |
- 216 |
- 2 |
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