3215 48th St

3215 48th St, Astoria, NY 11103

  • For Sale Contact for pricing
  • Property Type Multi-Family
  • Property Size 5,550 SF
  • Units 6
  • Lot Size 0.06 Acre
  • # of Floors 3
  • Year Built 1928
  • Date Updated Jan 23, 2025

Asset CRG Advisors has been exclusively retained to facilitate the sale of 32-15 48th Street, Astoria in Queens County.

The Property consists of six (6) residential units within a 3-story walk-up building. 2 of the 6 units are already owner-occupied and the remaining units have no leases- MTM.

All units are RS but the building can be potentially delivered vacant with CFK in place already.

The Property presents investors with a rare opportunity to deregulate all Rent Stabilized units through the "Substantial Rehabilitation" provision, which is exempt from the Emergency Tenant Protection Act (ETPA of 2019) or the Rent Stabilization Law (RSL) by abiding by required criteria.

The building offers an investor/developer an unbelievable opportunity to significantly renovate each unit and increase rents substantially.

New ownership stands to capitalize on the Property’s prime transit-oriented location between Northern Blvd & Broadway.

The M & R Subway line 46 Street Station stop is steps away.

Lastly, the subject property is in the middle of the amenity-rich Broadway & Northern Blvd retail corridors such as Retro Fitness, Best Buy, HMart, Marshalls, Home Depot, Michaels, Dollar Tree, etc.

Want more info on this listing?

Reach out to the broker for more info on lease terms and amenities

Attachments

Contacts

broker
Mike Sezan

Asset CRG Advisors

Location

Getting Around

  • Walk Score ®

    96/100 Walker's Paradise

  • Transit Score ®

    98/100 Rider's Paradise

  • Bike Score ®

    69/100 Bikeable
Powered by Walk Score ®
  • City Astoria, NY
  • Neighborhood Woodside
  • Zip Code 11103
  • Market Queens

Points of Interest

  • 46th Street

    0.11 miles

  • Northern Boulevard

    0.38 miles

  • Steinway Street

    0.42 miles

  • Caprice

    0.75 miles

  • Platform A

    0.77 miles

  • 52nd Street–Lincoln Avenue

    0.78 miles

  • Platform C

    0.80 miles

  • Woodside

    0.81 miles

  • LIRR Station Mezzanine

    0.84 miles

  • 61st Street–Woodside

    0.85 miles

Frequently Asked Questions

How much does 3215 48th St cost?

The sale price for 3215 48th St is available upon request. Contact the listing broker for more information.

What is the total square footage of 3215 48th St?

3215 48th St totals 5,550 square feet.

When was this property built?

3215 48th St was built in 1928.

Looking for more in-depth information on this property?

Looking for more in-depth information on this property? Find property characteristics, ownership, tenant details, local market insights and more. Unlock data on CommercialEdge.

Contact Listing Broker
broker
Mike Sezan

Asset CRG Advisors

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.