20-42 26th Street, Astoria, NY 11105

Description

Two Adjacent Astoria Buildings | Package Sale | Priced for Immediate Execution at $2,888,888

A rare side-by-side building opportunity in Astoria, offered exclusively as a package and priced for a fast, all-cash or well-qualified closing.

20-42 26th Street and 20-44 26th Street comprise two attached buildings on separate tax lots, delivering scale, flexibility, and multiple value-add strategies rarely available in this submarket.

20-44 26th Street is currently a one-family four-floor mansion with a recently issued Certificate of Occupancy (2023).

20-42 26th Street is currently a one-family residence with approximately 972 square feet of remaining FAR.

Both are delivered with no open DOB violations and clean title history, and present an opportunity for reconfiguration or legalization, subject to DOB approvals and the evolving City of Yes framework.

The properties are occupied, but delivered vacant, and in "as-is condition", with deferred maintenance reflected in the price.

This offering is ideally suited for:
-Investors seeking a buy-and-hold or renovation play
-Developers looking to unlock unused FAR
-End users seeking a live-in compound with an adjacent income property

The value proposition is the combined ownership: adjacent lots, control of the footprint, and optionality unavailable when purchased individually.

The seller prefers one purchaser to acquire both properties together.

Virtual tours are available upon request from the listing agents.