Multifamily Property for Sale in Queens, NY

  • Price: $2.5M
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: Queens, NY 11106
  • Size: 8,750 SF
  • Year built: 1941

Description

This is an amazing opportunity to purchase two connected side-by-side multifamily properties of 6 units each, with a parking lot and garages in the back. About the Buildings: • 35-45 and 35-49 Crescent Street, Astoria NY 11106 • 1941 construction, 3 Story apartment building • 12 residential units - 5 One Bedrooms - 7 Two Bedrooms - 6 parking spots • 8,750 square feet • Gated parking lot with 6 indoor parking spaces • Each unit is separately metered for gas and electric • Both are protected tax class 2A Building SF: 8750 | Year Built: 1941 | Listing Type: FOR SALE

Market Context

This multifamily in Queens, NY is listed for sale at $2,500,000 across 8,750 SF. The building dates to 1941. It has been on the market for 38 days. Compare it against other multifamily listings for sale in Queens, NY — <a href="/search/sale/multifamily/new-york/queens">view the full market</a>.

As of Q1 2025, the New York City Area multifamily market showed a 4.8% vacancy rate, and rents up 6.3% year over year. Source: CBRE Q1 2025 market report.

Rising rents point to a competitive market where well-priced, well-located assets trade quickly.

Multifamily market FAQ

Is the New York City Area multifamily market tightening or softening?
Vacancy is around 4.8%, with asking rents rising year over year (Q1 2025).

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