4304 34th Ave, Long Island City, NY, 11101

About This Home

NY Space Finders proudly presents 43-04 34th Avenue, a premier mixed-use investment opportunity located in the heart of Astoria, Queens. This well-positioned asset offers investors the rare opportunity to acquire a free-market, income-producing property in one of Queens’ most desirable and rapidly growing neighborhoods. The building features a strong tenant mix and consistent cash flow, making it an ideal long-term hold for investors seeking stability and appreciation. The ground floor retail space is occupied by a popular and well-established cocktail lounge/restaurant, a well-known destination in the neighborhood, operating under a long-term lease that provides reliable commercial income. Above the retail space are four residential units, consisting of three (3) one-bedroom apartments and one (1) two-bedroom apartment, all currently leased with one-year leases in place, offering 100% free-market residential units with strong tenant demand. The property has been meticulously maintained and thoughtfully upgraded, with updated plumbing and electrical systems throughout the building, offering a true turn-key investment with minimal immediate capital requirements. Strategically located in prime Astoria, the property sits just one block from Northern Boulevard and is only a five-minute walk to the R/M subway station, providing excellent access to Manhattan and surrounding neighborhoods. The area is surrounded by vibrant retail corridors, renowned restaurants, and continued residential growth, making Astoria one of Queens’ most sought-after investment markets. 43-04 34th Avenue represents an exceptional opportunity to acquire a free-market mixed-use asset with immediate cash flow and significant long-term upside in a premier Queens location.