$7M for Astoria Apartment Building

A local investor paid $7.25 million, or $302,083 per unit, for an apartment property at 25-65 32nd St. in the Astoria neighborhood of Queens.

“This corner property has been well-maintained by the same family for nearly 80 years. For 35 years, the building has had the same superintendent who will remain under the new ownership, and the same management company for over 25 years,” said Rubin Isak, senior director for Eastern Consolidated, which represented the seller and procured the buyer.

The 15,687-square-foot, four-story, walk-up building at the corner of 28th Avenue boasts 120 feet of frontage on 32nd Street, a new roof and boiler, and 24 apartments.

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