An exceptional investment opportunity in the heart of Astoria - higher rental income, newly deregulated units, and a stronger CAP rate make this an unbeatable opportunity.

We are pleased to announce that we have been exclusively retained to handle the sale of 30-01 Newtown Avenue in Astoria, NY.

30-01 Newtown Avenue is a 6,560 square foot seven (7) unit building with six (6) 2BRs, one (1) 1BR, one (1) community center and one (1) medical office.

The building was built in 2007 and has a great opportunity for an extension with unused FAR of 2,714 square feet.All the units are in great shape and have been very well maintained over the years.30-01 Newtown Avenue is located in Prime central Astoria location on the corner of 30th Street and Newtown Avenue, only one block away from 30th Avenue.

This is an excellent location between some of the best restaurants, coffee shops and shopping corridors in Astoria.Close proximity to Astoria Park and Mount Sinai Hospital.

In addition, transit options are plentiful with easy access to nearest subway station (one block away 30th Avenue stop - N and W trains), local highways, throughway, expressways, multiple bus lines Q69/Q100/Q19/Q18/Q102 and Astoria Ferry making 30-01 Newtown Avenue an excellent property with outstanding potential for all your investment needs.

Please inquire for more information and setup sheet.