Foreclosure Sale: 25-82 37th Street, Astoria, NY

Property Description

PROPERTY SNAPSHOT • 6-story, 13,480 SF, elevator building in excellent condition: 2008 construction • 16 residential units with 1 community facility space and 7 car parking • All units are now eligible to become FREE MARKET (1) • Considerable upside in rents: The building exited the 421a Tax Exemption program on July 1st 2023, allowing for RS deregulation • Beautiful apartments feature private balconies, hardwood floors, video intercoms, large closets, kitchens with full appliances and in-unit laundry • B-line units have potential to convert from 2 Bd to 3 Bd • Gated courtyard with private driveway and secure parking for 7 cars • Located in prime Astoria, Queens, conveniently located near Steinway Street, Ditmars Blvd., and 30thAve. retail corridors. 3 blocks from the N and W subway lines: 5 stops to Manhattan (1) Free market leases may be issued either upon vacancy or immediately upon lease renewal PROPERTY OVERVIEW AUCTION DATE: FRIDAY, SEPTEMBER 27TH AT 10:00 AM