1833 27th Avenue, Astoria, NY 11102 (MLS # 1058409)
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Prime Astoria Mixed-Use Investment & Development Opportunity! Excellent opportunity for developers and investors in a highly desirable Astoria location. This mixed-use property features 2 residential units plus 1 commercial storefront, offering strong existing rental income along with significant future development potential. Situated on a 25 x75 lot with R7X / C2-3 zoning, the property presents an attractive opportunity for potential redevelopment into a larger mixed-use building, subject to zoning, DOB requirements, and approvals. The existing building consists of 3 stories plus a full basement, offering approximately 3,432 sq. ft. of interior space with a building footprint of approximately 22x52. Each residential unit features 3 bedrooms and 1 full bathroom. The property is separately equipped with 3 electric meters and 3 gas meters and benefits from relatively low property taxes. Conveniently located near the N/W subway at Astoria Blvd, with easy access to shopping, restaurants, transportation, and neighborhood amenities. An excellent opportunity for investors, developers, 1031 exchange buyers, or owner-investors seeking strong rental income, attractive cap-rate potential, and long-term redevelopment upside in one of Astoria's prime locations.
| DAYS ON MARKET | 23 | LAST UPDATED | 10/4/2026 |
|---|---|---|---|
| YEAR BUILT | 1901 | COUNTY | Queens |
| STATUS | Active | PROPERTY TYPE(S) | Commercial |
| Elementary School | Ps 17 Henry David Thoreau |
|---|---|
| Jr. High School | Albert Shanker Sch-Visual/Perf Arts |
| High School | William Cullen Bryant High School |
| ADDITIONAL DETAILS | |
| AIR | Wall/Window Unit(s) |
|---|---|
| AIR CONDITIONING | Yes |
| BASEMENT | Full, Partially Finished, Storage Space |
| CONSTRUCTION | Block |
| HEAT | Natural Gas, Steam |
| LOT | 1873 sq ft |
| SEWER | Public Sewer |
| STORIES | 3 |
| TAXES | 9770.76 |
| UTILITIES | Natural Gas Available, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected |
| WATER | Public |
MORTGAGE CALCULATOR
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