106-18 Astoria Blvd #1, East Elmhurst, NY, 11369

About This Home

Built in 2021, this legal 6-family new construction building offers a turnkey investment opportunity with all units currently occupied, allowing the next owner to immediately begin collecting rental income. The property features two studio apartments, two 1-bedroom units with private balconies, and two 2-bedroom units with balconies. The building operates as free-market rentals, providing strong income potential and flexibility for investors. Designed with efficiency in mind, the building includes separate boilers, heating systems, electric meters, and gas meters for each unit, helping keep operating costs low, with the owner responsible only for water and electric for the common space. Conveniently located near LaGuardia Airport with easy access to the Grand Central Parkway and the 7 Train, as well as multiple bus routes, providing a quick commute to Manhattan and surrounding boroughs. The property is also close to Flushing Meadows–Corona Park and Citi Field, along with numerous restaurants, shopping options, and everyday conveniences. This property can be purchased individually or as part of a portfolio with the adjacent buildings at 31-04 107th Street and 106-18 Astoria Boulevard, presenting a rare opportunity to acquire three attached income-producing buildings.