Significant Income & Development Opportunity Multifamily Apartments & Parking Lot Around The Block Steinway Street E,F,M,R Subways!

*IN CONTRACT*

Sunny, clean, two family, free market, three story brick house located at 32-63 41st street around 2,400 square feet with a 7 car private driveway and parking lot.  A nice one bedroom and one bathroom apartment on the ground floor around 800 sq ft including a garage used for storage and a boiler room.  Second floor of around 800 sq ft with two bedrooms and one bathroom.  Third floor around 800 sq ft, two bedrooms with ceiling fans and one bathroom occupied by the owner.  Cozy kitchen with modern appliances and a ceiling fan.  Current yearly rental income $48k.  Tenants pay electricity. 

Spacious residential lot around 4k square feet.  Built in 1945 and renovated in 1997 with a building class of B1 Two family.  $8k spent on new boilers.  Zoning R5 with 20 feet of street frontage and 40 feet of depth.

Significant versatile investment, land value appreciation & qualified federal, New york city community development tax opportunity zone up to 6k sq ft for residential use with a maximum facility FAR up to 8k sq ft (please consult with an architect and attorney).  Across the street is No.41, a well designed 25 unit elevator apartment green building built in 2019 at 32-72 41st street.

Commuter, walker and food lover paradise conveniently off Northern boulevard & Broadway in the Long Island city & South Astoria neighborhood.  Around the corner about 500 feet to the Steinway street & 34th avenue E,F,M,R subways with 2.8 million + annual ridership (10 minutes to Manhattan Central park Lexington ave/63rd street station, 15 mins by car) and Q101, Q104 bus stops with great foot and 9k+ daily car traffic!  

Near Q18, Q63, Q66 buses, Amtrak and Mr. Ed Koch Queensboro bridge.  Around 10 mins non rush hour drive to LGA, 30 mins to JFK and 45 mins to Newark International airports!  Delivered fully vacant.  Next door house of worship, seminary, school, adult or day care, medical offices and non profit community facility buildings also for sale at 32-71 and 32-73 41st street.  Please do not disturb occupants.

For questions and appointments, contact Diane Mi Ryoung Chong at 718-640-4431 or .  Real estate agent at Hanmi Realty.