Property Description

34-24 34th Street | Astoria, NYRare Two-Family Opportunity with Exceptional Value-Add & Expansion PotentialOpportunities like this rarely come to market in one of Astoria's most sought-after neighborhoods.Situated on a generous 25' x 100' lot, this legal two-family residence presents an exceptional opportunity for homeowners, investors, and small developers alike. Whether you're searching for a home to customize, an income-producing asset, or a property with significant upside, 34-24 34th Street checks every box.The existing home features two spacious apartments, a full basement, and an expansive backyard with approximately **1,300 square feet of remaining buildable area**, creating an outstanding opportunity to expand the rear of the first and second floors (subject to approvals) and significantly increase both value and functionality.Endless Possibilities**For the End User**Create the custom home you've always envisioned while maintaining the flexibility of a legal two-family residence. Expand the rear to design a stunning open-concept kitchen, dining, and family room overlooking the backyard, add a luxurious primary suite, home office, or recreation space, and transform the property into your forever home.**For Investors**Generate immediate rental income while capitalizing on future appreciation. The existing layout offers excellent income potential today, with the ability to increase future rental value through thoughtful renovations and rear expansion. Whether held as a long-term investment or repositioned for resale, the possibilities are substantial.**For Small Developers**Properties offering additional buildable square footage in Astoria are becoming increasingly scarce. With approximately 1,300 square feet of remaining buildable area, this property provides an outstanding opportunity to maximize value through strategic redevelopment while preserving the existing structure. The rear extension concept significantly enhances future resale appeal and long-term investment potential.Property Highlights- Legal two-family residence- Approximate 25' x 100' lot- Full basement offering additional flexibility- Expansive private backyard- Approximately 1,300 square feet of remaining buildable area (buyer to independently verify all zoning and development possibilities)- Outstanding opportunity for expansion, renovation, or long-term investment- Conveniently located near transportation, restaurants, shopping, parks, and everything Astoria has to offerIn today's market, buyers aren't simply looking for another

Property Features