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Six-Unit Multifamily Building
For Sale
$2,875,000

14-18 31st Street, Astoria, NY 11106

Commercial Sale, Astoria, NY

Property SizeContact for details
Lot Size0.05 Acres
Days on Market21

Property Features for 14-18 31st Street

General Information

Property type Commercial Sale
Property subtype Other
Zoning R6B
Rooms Basement
Basement Unfinished, Full, Walk-Out Access
Appliances Cooktop, Dishwasher, Exhaust Fan, Microwave, Oven, Refrigerator, Stainless Steel Appliance(s)
Elementary school Ps 171 Peter G Van Alst
Middle school Albert Shanker Sch-Visual/Perf Arts
High school Long Island City High School
Elementary school district Queens 30
Middle school district Queens 30
High school district Queens 30
Standard status Active
APN 4-00533-0031
Lot size 0.05 Acres

Taxes and HOA fees

Tax Year 2026
Tax Annual Amount 712

Utilities

Utilities Cable Available
Sewer type Public Sewer
Heating system Energy Star Qualified Equipment (Heating)
Cooling system ENERGY STAR Qualified Equipment, Separate Meters, Electric
Water source Public

Building Details

Year built 2015
Floors in Building 4
Number of units 6
Flooring type Hardwood
Building materials Brick
Architectural style Other
Listing Agency: Azure Realty Group NY LLC
Listed By: Christina M. Cricenti · License #10491209546
Added: Aug 14 Changed: Aug 24 Last Checked: Sep 3 at 6:06AM
MLS# 1038965

Copyright © 2026 OneKey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This six-unit multifamily property contains contemporary apartments with quartz kitchens, designer bathrooms, hardwood flooring, extra-large windows, and video intercom security. Brick construction, separate electric meters, ENERGY STAR-qualified heating and cooling equipment, public water, and public sewer support the building’s physical infrastructure. The property also includes a cellar with 8-foot ceilings.

The asset is zoned R6B and benefits from Tax Class 2A status and an active 421-a tax abatement through 2032. The apartments are occupied by tenants, and the property is reported at a cap rate near 6%. All units are stated to revert legally to Free Market status after the abatement period. The location is within walking distance of the N and W subway stations and the dining and entertainment along 30th Avenue and Broadway.

Key Highlights

  • Six‑unit multifamily property with contemporary apartment interiors
  • R6B zoning and Tax Class 2A designation
  • Active 421‑a tax abatement through 2032

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Law Firm Parking Lot & Garage Acupuncture Furniture & Home Goods Cosmetic Store (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

6
Residential units

Location Intelligence

Trade Area within ½ mile

2,590
Businesses Nearby

Demographics for 11106, NY

41,722
Population
21,681
Households
1.9
Avg Household Size
37
Median Age
52%
College-Educated
89%
High-School Grad
0.9 sq mi
ZIP Area
46,358
Density / Sq Mi
$85,573
Median Household Income
$62,254
Median Earnings
$2,032
Median Rent
$639,200
Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Apartment building - Contemporary apartments feature hardwood floors, quartz kitchens, designer bathrooms, and video intercom security.
Where is this apartment building located?
The property is located at 14-18 31st Street Astoria, NY.
What is the asking price?
The asking price for this property is $2,875,000.
What are key features of this property?
This property features: Six‑unit multifamily property with contemporary apartment interiors; R6B zoning and Tax Class 2A designation; Active 421‑a tax abatement through 2032
More about this property
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