20-19 21st Street, Astoria

Amazing brick 2 family property in Astoria on oversized 22x150 feet lot which provides an opportunity to develop an additional 1,353 sq/ft. The building size is 22x42, which translates into 924 gross sq/ft per floor. There are 3 levels, including first and second floors which feature large and renovated 2 Bedroom apartments and a fully finished basement with 3 ways of entry (one from the front, one from the back leading to the large backyard and one from the interior of the property). The house is in excellent condition with all renovated kitchens featuring granite countertops and high end appliances, renovated bathrooms, modern gas heating equipment, recently repaired roof and many other upgrades. The expansive backyard is perfect for outdoor entertainment and makes this property a great investment because of its land value ( R5 zoning with additional air rights for an extension or development purposes). At the end of the backyard there are two full size covered garages, which provide invaluable convenience or additional income. The area rental market is very healthy presenting some of the highest rents in Queens. This property provides a true opportunity to Own for Less Than Renting as a primary residence for a user and also yields a great return and strong historic appreciation rates as a turn key investment. The location is the perfect example of a vibrant neighborhood full of amenities such as the cafes, terraces and restaurants for which Astoria is well known. In the vicinity of Astoria Park and the East River waterfront, this particular block is quiet and peaceful while still being well connected. There are multiple transportation options linking the property to Manhattan as it is less than 1 mile from the N and W trains at Ditmars and 31st St and within close proximity to several Bus Routes. Priced right, this property will sell fast. Low Queens Taxes. Delivered vacant at closing.

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