Welcome to 33-52 29th Street — a meticulously maintained and fully renovated four-family property located just moments (two blocks) from the Broadway subway station in the heart of Astoria. Perfect for both investors and owner-users, this exceptional asset offers a rare combination of strong existing income, value-add upside, and long-term stability in one of Queens' most desirable neighborhoods.
The property features four thoughtfully laid-out residential units:
-Ground Floor: One 1-bedroom unit and one 2-bedroom unit with immediate access to the fully fenced backyard and the large finished basement — both units will be delivered vacant at closing, offering immediate leasing or owner-occupancy options.
-Second Floor: Two spacious 2-bedroom units — one leased at $2,500/month through January 2026, and the other month-to-month at $2,400/month.
All units have been tastefully renovated, with quality finishes and updated systems throughout. The full finished basement adds additional utility and potential for additional usable space, storage, or amenity space.
Ownership has taken great pride in maintaining the property. The roof, boiler, and mechanical systems are all in excellent condition, ensuring minimal capital expenditures for the next owner.
With current rents below market, this property is ideally positioned for future rent growth. Based on comparable units in the area, the asset has the potential to generate $12,000–$13,000 per month in gross rental income, presenting a compelling opportunity to increase cash flow and overall value.
Located on a quiet, tree-lined block just around the corner from vibrant Broadway and close to parks, cafes, and the N/W trains, this is a truly turn-key opportunity in a high-demand rental market.
Contact us today to schedule a private tour.
In contract
$2,300,000
3352 29th St, Astoria, NY 11106
7beds
3,120sqft
Multi Family
Built in 1935
-- sqft lot
$2,190,200 Zestimate®
$737/sqft
$-- HOA
What's special
Quality finishesAdditional usable spaceQuiet tree-lined blockLarge finished basementFull finished basementUpdated systemsThoughtfully laid-out residential units
- 63 days
- on Zillow |
- 76 |
- 0 |
Zillow last checked: 7 hours ago
Listing updated: July 03, 2025 at 04:19pm
Listing by:
WealthWise Realty 917-719-1715,
Konstantinos Christoforakis
Source: StreetEasy,MLS#: S1775143
Travel times
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 7
- Bathrooms: 4
- Full bathrooms: 4
Appliances
- Included: Dishwasher, Washer/Dryer
- Laundry: Inside
Features
- Flooring: Hardwood
Interior area
- Total structure area: 3,120
- Total interior livable area: 3,120 sqft
Video & virtual tour
Property
Features
- Patio & porch: Other, Terrace
- Exterior features: Courtyard, Garden, Terrace
- Has view: Yes
- View description: City, Garden, Skyline
Details
- Parcel number: 005820022
- Special conditions: Resale
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Condition
- Year built: 1935
Community & HOA
Community
- Subdivision: Astoria
HOA
- Has HOA: Yes
- Amenities included: Laundry
- Services included: Maintenance
Location
- Region: Astoria
Financial & listing details
- Price per square foot: $737/sqft
- Tax assessed value: $1,021,200
- Annual tax amount: $15,708
- Date on market: 6/5/2025
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