Contacts
Mike Sezan
Asset CRG Advisors
(646) 363-6213
Property Details
- Property Type Multi-Family
- Property Size 5,550 SF
- Units 6
- Lot Size 0.06 Acre
- # of Floors 3
- Year Built 1928
- Date Updated Jun 21, 2023
Asset CRG Advisors has been exclusively retained to facilitate the sale of 32-15 48th Street, Astoria in Queens County.
The Property consists of six (6) residential units within a 3-story walk-up building. 2 of the 6 units are already owner-occupied and the remaining units have no leases- MTM.
All units are RS but the building can be potentially delivered vacant with CFK in place already.
The Property presents investors with a rare opportunity to deregulate all Rent Stabilized units through the "Substantial Rehabilitation" provision, which is exempt from the Emergency Tenant Protection Act (ETPA of 2019) or the Rent Stabilization Law (RSL) by abiding by required criteria.
The building offers an investor/developer an unbelievable opportunity to significantly renovate each unit and increase rents substantially.
New ownership stands to capitalize on the Property’s prime transit-oriented location between Northern Blvd & Broadway.
The M & R Subway line 46 Street Station stop is steps away.
Lastly, the subject property is in the middle of the amenity-rich Broadway & Northern Blvd retail corridors such as Retro Fitness, Best Buy, HMart, Marshalls, Home Depot, Michaels, Dollar Tree, etc.
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Attachments
Getting around
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96/100
Walk Score ®
-
98/100
Transit Score ®
-
69/100
Bike Score ®
Location
- City Astoria, NY
- Neighborhood Woodside
- Zip Code 11103
- Market Queens
Points of Interest
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46th Street
0.11 miles
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Northern Boulevard
0.38 miles
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Steinway Street
0.42 miles
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52nd Street–Lincoln Avenue
0.78 miles
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Broadway
0.80 miles
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Woodside
0.81 miles
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61st Street–Woodside
0.85 miles
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36th Street
0.85 miles
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65th Street
0.89 miles
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36th Avenue
0.90 miles
-
55
0.13 miles
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Gas Trac
0.16 miles
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Mobil
0.21 miles
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Citgo
0.45 miles
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bp
0.56 miles
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BP
0.56 miles
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Speedway
0.63 miles
-
Husky
0.71 miles
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BP
0.79 miles
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Lukoil
0.84 miles
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Private Parking Lot
1.13 miles
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LaGuardia Community College Parking Lot
1.57 miles
-
Central Parking System of New York, Inc.
1.59 miles
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Astoria Park Parking
1.62 miles
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Xtell Parking
1.72 miles
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P7
1.74 miles
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LaGuardia Airport Employee Parking
1.74 miles
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Hazen Street Rikers Island Parking
1.77 miles
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FDNY Fleet Services
1.82 miles
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Terminal A Parking
1.83 miles
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The Paper Factory Hotel
0.80 miles
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Fairfield Inn
0.92 miles
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Hotel Vetiver
1.12 miles
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Home2 Suites
1.13 miles
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Holiday Inn Long Island City-Manhattan View
1.15 miles
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WESTWAY HOTEL LAGUARDIA AIRPORT
1.17 miles
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Quality Inn
1.17 miles
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Nesva Hotel
1.17 miles
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Woodside Motel
1.18 miles
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Holiday Inn Express & Suites
1.18 miles
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I Love Foods
0.02 miles
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Hu Department Store
0.15 miles
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Marshalls
0.19 miles
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Muncan Food Corp
0.24 miles
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Stop & Shop
0.27 miles
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U-Mart Supermarket
0.41 miles
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48th Street Deli
0.43 miles
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Trade Fair
0.45 miles
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Foodtown
0.47 miles
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Food Bazaar
0.52 miles
In-Depth Research Available for this Property
Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.
Contact Listing Broker
Mike Sezan
Asset CRG Advisors
(646) 363-6213
