94-20 Astoria Boulevard, East Elmhurst, NY

$5,500,000

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13,114

Square feet

0.19

Acres

About 94-20 Astoria Boulevard

Investor Opportunity in the Path of Willets Point Redevelopment 38-Unit Multifamily Asset | Strong In-Place Cash Flow | 6% Cap Rate R6B / C1-3 Zoning - 9,000 square feet of unused FAR - 38 rent-stabilized studio apartments - 12 income-producing parking spaces - 6% Cap Rate - Approximately 9,000+ SF of unused FAR - Detached building with operational flexibility - Positioned to benefit from the multibillion-dollar Willets Point redevelopment - Rare combination of current yield and future upside Positioned just minutes from the multibillion-dollar Willets Point redevelopment, this property offers investors a rare combination of stable cash flow and long-term upside. Located on Astoria Boulevard, the asset benefits from its proximity to the future soccer stadium, hotel, retail, and mixed-use developments that are transforming the area. Location Highlights - Minutes from the Willets Point redevelopment district - Convenient access to LaGuardia Airport - Served by the Q19, Q49, Q72, and Q47 bus lines - Minutes to the Grand Central Parkway, Long Island Expressway and Cross Island Parkway - A unique opportunity to acquire a cash-flowing multifamily asset with significant appreciation and development potential in one of Queens' fastest-growing corridors, just minutes away from the most exciting thing to happen in Queens since the World’s Fair.

Features of 94-20 Astoria Boulevard

MLS® # 1000537
Price $5,500,000
Internal Footage 13,114
Square Footage 8448
Acres 0.19
Year Built 1963
Type Commercial Sale
Sub-Type Multi Family
Status Active

Community Information

Address 94-20 Astoria Boulevard
City East Elmhurst
County Queens
State NY
Zip Code 11369

Amenities

Utilities Electricity Available, Sewer Available, Water Available
Parking Spaces 12
Parking Alley Access
Is Waterfront No
Has Pool No

Interior

Heating Natural Gas
Cooling None
Fireplace No
Has Basement Yes
Basement Partial, Unfinished

Exterior

Construction Brick

School Information

District Queens24
Elementary East Elmhurst Community School
Middle Is 145 Joseph Pulitzer
High Newtown High School

Additional Information

Date Listed May 11th, 2026
Days on Market 86
Zoning R6B
Short Sale No
RE / Bank Owned No

Listing Details

Listing Provided Courtesy ofCarmela Homes Corp

Listing Map

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