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A blog for breaking sales and neighborhood real estate news.

Cushman & Wakefield has been retained on an exclusive basis to sell a mixed-use building at 23-35 29th Avenue, located on the corner of 29th Avenue and Crescent Street in the Astoria neighborhood of Queens. The asking price is $8,000,000.

The four-story building contains approximately 11,250 square feet and sits on a 50’ x 100’ lot. It consists of 19 residential units, of which three are free market and 16 are rent stabilized, and one commercial ground unit. The residential unit mix consists of eight one-bedroom, four two-bedroom, and seven three-bedroom units.

The property is located near Mount-Sinai Hospital and is conveniently accessible via the 30th Avenue N and Q train lines. Situated in the heart of Astoria, the building presents a great opportunity for investors looking to capitalize on one of Queens’ most attractive and growing neighborhoods.

“This property presents a very unique owner/investor opportunity in a prime part of Astoria. This type of asset will draw tremendous activity from both local and national investors,” said Cushman and Wakefield’s David Chkheidze, who is exclusively marketing this property with Conrad Martin.

Click here for listing details

Neighborhoods: Astoria