32-53 33rd Street #*

The most unique home in Astoria. With three (3) bedrooms and three (3) full bathrooms across three floors, this fully detached, single-family home has so much to offer. Sitting on a 3,000 square foot lot, the property has a wealth of outdoor space with 6 parking spots, including a two-car garage.

Located just off Broadway, near Astorias best food, entertainment and nightlife options, perfectly situated between the Broadway (N/W) and Steinway (M/R) subway stations. Great opportunity for buyers looking for a place for themselves or as an investment. Note, the house is currently occupied with tenants.

Owner Occupant: With three spacious bedrooms complete with large closet space, large living room, and separate dining room, the house is perfect for a growing family. The kitchen was updated recently, with quartz countertops, stainless steel appliances and an all-in-one washer dryer unit. The basement has a large recreation room with kitchenette, full bathroom and private entrance. The parking spaces can be vacated and used as large private outdoor space, or keep renting to help pay your mortgage. Ready for a buyer to make their own with only a few updates.

Investors: strong long-term tenants provide stable income. Tenants pay most expenses. NOI on trailing 12 months translates to a 4.5% cap rate. Rents are 15-20% below market, offering the potential for NOI growth.

Developers: The house sits on a 3,000+ SF lot and is unattached on both sides. R5 zoning allows for construction of over 3,750 SF across 4 stories, as of right (consult with your architect).