Investment Opportunity: Mixed-Use Building at 25-26 30th Avenue, Astoria, NY 11102
Prime mixed-use property in the heart of vibrant Astoria! This 2-story building features two fully occupied 2-bedroom, 1-bath residential apartments and a ground-floor commercial laundromat, generating strong, stable income with exceptionally low operating expenses.
Income Breakdown (Annual)
Commercial Laundromat: $85,971/year
2nd Floor Unit (2 Bed / 1 Bath): $33,600/year ($2,800/month)
2nd Rear Unit (2 Bed / 1 Bath): $30,600/year ($2,550/month)
Total Gross Annual Income: ≈ $150,171
Expense Advantages
Laundromat tenant covers 2/3 of the property taxes
Residential tenants pay their own utilities (electric, gas, heat, hot water)
Results in minimal operating expenses and excellent net returns
Residential Units
Both 2-bedroom, 1-bath apartments are currently rented and well-maintained. Tenants enjoy spacious layouts, large kitchens, generous bedrooms, and the major convenience of an on-site laundromat.
Commercial Space
Fully leased to a long-running laundromat that provides reliable income while significantly offsetting building expenses.
Location & Neighborhood
Situated on 30th Avenue in the highly desirable Ditmars-Steinway section of Astoria. Steps away from restaurants, cafes, supermarkets, parks, and the N/W subway lines, offering a fast commute to Manhattan. Strong rental demand supports continued high occupancy and future appreciation.
This is a true turnkey, income-producing asset with predictable cash flow, built-in expense offsets, and minimal landlord responsibilities. Perfect for investors seeking a hands-off mixed-use property in one of Queens’ strongest neighborhoods.
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All figures provided for informational/marketing purposes. Buyers are encouraged to perform their own due diligence and verify all information.
All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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