|
34-24 34th St. , Astoria, NY 11106 Turnkey Opportunity | Two-Family | Prime Astoria Location | Large Backyard - DELIVERED VACANT This is the kind of opportunity that doesn't sit long. Positioned on a quiet, well-connected block in the heart of Astoria, this legal two-family home delivers the flexibility today's buyers are looking for-live in one unit, rent the other, or maximize returns as a full investment property. Set on an oversized lot for the area, the standout feature is the deep, fenced-in backyard-a rare find in Queens-offering real outdoor living space for entertaining, pets, or future value-add potential. There is approximately 1300 sq ft left on the buildable. Inside, both units feature practical, desirable layouts: First Floor: 2 bedrooms, renovated bathroom, living room, and direct yard access Second Floor: 2 bedrooms + bonus room, spacious living area, updated kitchen, and a full bath Bonus details: Decorative fireplace, solid room proportions, and strong natural light throughout The updated kitchen includes stainless steel appliances, solid-surface countertops, and ample cabinetry-exactly what today's renters and buyers expect. The home retains classic prewar details like crown molding and decorative tin ceilings, giving it character that stands out from newer inventory. Downstairs, a full basement opens the door to additional storage, workspace, or the potential to duplex with the first unit (consult architect), adding long-term upside. Why this property works in today's market: Income-generating from day one Ideal for house-hackers and 1031 buyers Strong rental demand in Astoria Value-add potential without a full gut renovation Close proximity to dining, nightlife, and transit Astoria continues to outperform as one of Queens' most desirable neighborhoods, making this a smart buy whether you're building equity or expanding a portfolio. Opportunities with this level of flexibility-and outdoor space-are rare. Act quickly.
Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.
Our family of companies offer our clients a new level of full-service real estate. We shall:
To learn more about our credentials, visit raveis.com today.
Our Executive Mortgage Banker:
$1,350,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
Senior Vice President - Coaching & Strategic
William Raveis Mortgage, LLC
Phone: 203.980.8025
Frank.Kolb@raveis.com
NMLS Mortgage Loan Originator ID 81725
|
5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
|---|---|---|---|
| Loan Amount | $1,080,000 | $1,080,000 | $1,080,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.375% | 6.125% | 5.875% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.117% | 6.235% | 6.058% |
| Monthly Tax Payment | $617 | $617 | $617 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $6,048 | $6,562 | $9,041 |
| Total Monthly Payment | $6,790 | $7,304 | $9,783 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.