30-93 43rd Street — Sale in Long Island City, NY

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: Long Island City, NY 11103

Photos

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Investment Figures

Cap rate
6.20%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

Marcus & Millichap is pleased to present the exclusive opportunity to acquire 30-93 43rd Street, a well-maintained six-unit multifamily property located in the heart of Astoria, Queens. Situated on a 3,200-square-foot lot, the property contains approximately 6,300 square feet and consists entirely of free-market residential apartments, providing investors with immediate cash flow and future rental growth potential. The building is comprised of six spacious apartments, including two duplex four-bedroom units with private backyards and four three-bedroom residences, two of which feature private rooftop terraces. All apartments are equipped with in-unit washer and dryers, while tenants also benefit from complimentary storage, creating a highly desirable living experience that supports strong tenant demand and retention. Investment Highlights: • 30-93 43rd Street, built in 1928, comprises 6-units spanning approximately 6,300 SF and sits on a 32' x 100' ft lot, (Block: 697, Lot: 09). • Tax Class: 2A | Zoning: R5, C1-2 | 100% Free Market • Located in Astoria, one of Queens' most sought-after neighborhoods, the property benefits from proximity to major transportation options, vibrant retail corridors, and acclaimed restaurants.

Market Context

This multifamily in Long Island City, NY is listed for sale. It is offered at an approximate 6.2% capitalization rate, a key benchmark for income-producing multifamily assets. Compare it against other multifamily listings for sale in Long Island City, NY — view the full market.

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