Investor-friendly 3-family brick home in prime Astoria / Long Island City border, situated on a 25' x 100' lot and featuring 5 total bedrooms across 3 rental units, with one unit currently vacant and potential for full vacancy. Ideal for investors or owner-occupants seeking strong rental income and flexibility. Includes hardwood and tile flooring, gas heat with radiator system, partially finished basement, and a fenced backyard with patio. Zoned R5 with an FAR of 1.05 (max 1.25), offering potential for minor expansion. Located near Northern Boulevard, Steinway Street, M and R subway lines, and the Kaufman Arts District, this property offers solid long-term upside in a high-demand area.
Listed by Ruslan Mingazov
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RE/MAX Edge
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718-288-3835
Last updated September 07, 2025
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Source: OneKey #890203
Listing Facts
TypeMulti-family
NeighborhoodAstoria
Bedrooms5
Bathrooms4
Days on Prevu55
Taxes$10,179.48/year
Location
Mortgage Calculator
Listing History
09/02/2025
Price Decreased
$1,688,000
07/17/2025
Listed by RE/MAX Edge
$1,788,000
Estimated Closing Costs
Total
$59,971
Attorney Fees
$4,000
NYC Mansion Tax
$16,880
Title Insurance
$7,596
Bank Attorney
$1,500
Mortgage Recording Tax
$25,995
Other Closing Costs
$4,000
Estimated closing costs are based on the list price of $1,688,000 and a 20% downpayment. These estimates are for indicative purposes only. Actual closing costs may vary for each transaction. See the Closing Costs Calculator for calculations specific to your situation.
Property Details for 32-87 38th Street
Exterior
Construction
Number Of Units Total: 3
Year Built: 1920
Architectural Style: Other
Construction Materials: Brick
Features
Fencing: Fenced
Measurements
Building Area Total: 2,576
Building Area Units: Square Feet
Lot Size Acres: 0.05
Lot Size Square Feet: 2,499
Financial
Taxes
Parcel Number: 00656-0103
Tax Annual Amount: $10,179.48
Tax Assessed Value: $10,042.00
Tax Year: 2024
Interior
Features
Flooring: Combination, Hardwood, Other, Tile
Interior Features: First Floor Bedroom, First Floor Full Bath, Eat-in Kitchen, Entrance Foyer, Formal Dining, Other
Rooms
Basement: Full, Storage Space
Has Basement: Yes
Bathrooms Full: 4
Bathrooms Total Integer: 4
Bedrooms Total: 5
Other
Location
Subdivision Name: Astoria
Tax Block: 656
Tax Lot: 103
Schools
Elementary School
Elementary School: Contact Agent
Elementary School District: Contact Agent
High School
High School: Contact Agent
High School District: Contact Agent
Middle or Junior School
Middle Or Junior School: Call Listing Agent
Middle Or Junior School District: Contact Agent
Utilities
Equipment
Cooling: Wall/Window Unit(s)
Heating: Natural Gas, Other
Sewer: Public Sewer
Utilities: Natural Gas Connected, Trash Collection Public
Water Source: Public
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