For sale
$1,200,000
Multifamily property
4522 40th StSunnyside, NY 11104
Listing courtesy of UNIVERSAL REALTY GROUP NY CORP · MyStateMLS #12051875
For saleReduced $75,000 from $1,775,000
$1,700,000
3,540 SF buildingBuilt 1924
31-49 33 StreetAstoria, NY 11106
Multifamily property (from the listing description) · MLS 11695533 · Listed 198 days ago (Apr 20, 2026)
Active: Listed and available according to the MyStateMLS feed.
About this property
Prime 7-Unit Multifamily Apartment Building in the Heart of Astoria, Queens Location: Between 31st Avenue & Broadway, Astoria, NY An exceptional opportunity to own a legal 7-unit multifamily building in one of Astoria's most desirable and high-demand neighborhoods. This well-maintained brick property offers strong rental income potential and a true turnkey setup, ideal for both seasoned investors and owner-users. Property Highlights: 7 Legal Apartments: (6) Two-Bedroom / One-Bath Units (1) One-Bedroom / One-Bath Unit Excellent Condition: Meticulously maintained and thoughtfully renovated over the years Brand New Roof: Completed Summer 2025 Prime Commuter Location: Just 2 blocks to the Broadway subway station (N/W lines), providing direct access to Midtown Manhattan and Penn Station in approximately 30 minutes High-Demand Area: Surrounded by popular restaurants, cafés, bakeries, laundromats, and everyday conveniences Turnkey Investment: Strong income potential with low maintenance requirements and consistent tenant demand This property offers the perfect blend of stable cash flow, location-driven appreciation, and long-term upside-making it a standout opportunity in the Astoria multifamily market. Schedule your private showing today-rare opportunities like this don't last. THE INFORMATION CONTAINED HEREIN HAS EITHER BEEN GIVEN TO US BY THE OWNER OF THE PROPERTY OR OBTAINED FROM SOURCES THAT WE DEEM RELIABLE. WE HAVE NO REASON TO DOUBT ITS ACCURACY BUT WE DO NOT GUARANTEE THE ACCURACY OF ANY INFORMATION PROVIDED HEREIN. AS AN EXAMPLE, ALL ZONING INFORMATION, BUILDABLE FOOTAGE ESTIMATES AND INDICATED USES MUST BE INDEPENDENTLY VERIFIED
Description provided by the listing brokerage.
Key facts
- Asking price
- $1,700,000
- Original list price
- $1,775,000
- Status
- For sale
- Property type
- MultifamilyFrom the listing description
- Building area
- 3,540 SFSource field AboveGradeFinishedArea
- Year built
- 1924
- MLS number
- 11695533
Facts are reported by the listing brokerage. Items not listed were not provided; that does not mean the property lacks them or that they are zero.
Price
- Asking price
- $1,700,000
- Price per SF of building
- $480/SFAsking price ÷ 3,540 SF reported building area
- Annual taxes
- $18,353
Building and site
- Stories
- 3
- Year renovated
- 2025Source field RenovationYear_C
- Reported zoning
- ResidentialAs reported by the listing. Confirm permitted uses for your plans with the local zoning authority.
- County
- Queens County
Reported features
- Public water (from a listing field)
A mention is not a specification. Confirm power, clear height, doors, parking and code compliance for your use with the listing representative and your own advisers.
Listing details
Basement
- Walk-Out Access
- Kitchen
- Finished
Heating
- Natural Gas
- Gas
Construction
- Brick
Roof
- Flat
Water
- Public (Water Source)
Location
The pin is the listing's reported coordinates and may be approximate. It is not a parcel boundary or survey and says nothing about access rights, easements or flood zones. See more listings in Astoria or multifamily property in Astoria.
Why this listing is on Commercial Only
- Property type as the listing describes it. (description: "prime 7-unit multifamily apartment building in the heart of asto…")
- MLS property class detail. (PropertyTypeDetail: comm-building)
How listings qualify. Something wrong? Report it.
Price and status history
- Original list price reported by the brokerage: $1,775,000
Changes observed by Commercial Only in MyStateMLS data since Nov 3, 2026. This is not a public-record sales or lease history.
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Guides
Listing courtesy of EAST COAST NEW YORK. Listing agent: Christos Lolis. Listings provided by MyStateMLS.
Listing last modified at the source Oct 19, 2026, 3:20 PM UTC. Commercial Only last confirmed MyStateMLS data Nov 4, 2026, 7:00 AM UTC. Information is deemed reliable but not guaranteed; verify all details with the listing representative.