25-10 38th Avenue

Long Island City, NY 11101

Calling All Investors, Developers, & End-Users!!! Brand New 20,800+ Sqft. 100% Occupied 20 Unit Mixed-Use Building In Astoria For Sale!!! The Property Features Excellent Signage, Great Exposure, M1-2/R6A Zoning, High 11’ Ceilings, Low Property Taxes, 11 Parking Spaces, 19 Apartments, Separate Meters, Storage Area, Washers & Dryers, Elevator, 3 Phase Power, All New LED Lighting, CAC, +++!!! The Property Is Located In The Heart Of Astoria Only A Few Blocks From The Ed Koch Queensboro Bridge Offering Direct Easy Access To Manhattan!!! Neighbors Include UPS, Hilton Hotels, Marriott Hotels, Wyndham Hotels, T-Mobile, The Home Depot, CubeSmart Self Storage, Extra Space Storage, Best Buy, Dunkin’, Planet Fitness, Marshalls, Michaels, +++!!! This Property Offers HUGE Upside Potential!!! This Could Be Your Next Development Site / The Next Home For Your Business!!! Income: Revel Fashion: $108,048.84 Ann.; Lease Exp.: 11/30/25 Apt 3A: (Studio) $32,136.00 Ann.; Lease Exp.: 9/1/25 Apt 3B: (1 Br., 1 Bath) $27,987.36 Ann.; Lease Exp.: 1/31/26 Apt 3C: (1 Br., 1 Bath) $35,013.48 Ann.; Lease Exp.: 5/31/26 Apt 3D: (1 Br., 1 Bath) $36,990.00 Ann.; Lease Exp.: 11/30/25 Apt 4A: (Studio) $30,538.92 Ann.; Lease Exp.: 3/31/26 Apt 4B: (1 Br., 1 Bath) $31,537.68 Ann.; Lease Exp.: 9/30/25 Apt 4C: (1 Br., 1 Bath) $31,164.48 Ann.; Lease Exp.: 4/30/27 Apt 4D: (1 Br., 1 Bath) $33,437.40 Ann.; Lease Exp.: 3/31/26 Apt 5A: (Studio) $30,825.00 Ann.; Lease Exp.: 2/28/26 Apt 5B: (1 Br., 1 Bath) $36,990.00 Ann.; Lease Exp.: 12/31/25 Apt 5C: (1 Br., 1 Bath) $36,000.00 Ann.; Lease Exp.: 7/31/25 Apt 5D: (1 Br., 1 Bath) $36,194.76 Ann.; Lease Exp.: 11/30/25 Apt 6A: (Studio) $28,103.76 Ann.; Lease Exp.: 2/28/26 Apt 6B: (1 Br., 1 Bath) $35,082.36 Ann.; Lease Exp.: 8/31/25 Apt 6C: (1 Br., 1 Bath) $31,087.56 Ann.; Lease Exp.: 7/31/25 Apt 6D: (1 Br., 1 Bath) $30,611.40 Ann.; Lease Exp.: 4/30/26 Apt 7A: (Studio) $29,664.00 Ann.; Lease Exp.: 8/31/25 Apt 7B: (1 Br., 1 Bath) $25,893.00 Ann.; Lease Exp.: 1/31/26 Apt 7C: (1 Br., 1 Bath) $35,269.80 Ann.; Lease Exp.: 2/28/26 Washer & Dryer: $19,320.00 Ann. Storage: $35,600. Ann. Parking: $38,400. Ann. Total Gross Income: $815,895.80 Ann. __________________ Expenses: Gas: $2,400 Ann. Electric: $7,200 Ann. Maintenance & Repairs: $3,000 Ann. Insurance: $8,000 Ann. Taxes: $13,395.28 2 Total Expenses: $33,995.28 Ann. Net Operating Income (NOI): $781,900.52 Ann.

Listing courtesy of All Island Estates Realty Corp [email protected]


Based on information submitted to the MLS GRID as of 2025-06-20 11:28 AM EDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.