Five-Unit Apartment Building with Detached
For Sale
$2,000,000
1426 30th Dr, Astoria, NY 11102
COMMERCIAL - Other - Astoria, NY
Property Size5,056 SF
Lot Size0.09 Acres
Price / SF$395.57
Days on Market129
Property Features for 1426 30th Dr
General Information
Property type
Commercial Sale
Property subtype
Other
Bathrooms
5
Full bathrooms
5
Rooms
Bathroom 4, Bathroom 2, Bathroom 5, Bathroom 1, Bathroom 3
Parking features
Driveway
Fencing
Fenced
Subdivision
Astoria
View
City
Directions
Located on 30th Drive between 14th Street and 21st Street in Astoria, Queens.
Standard status
Active
Size
5,056 SF
Lot size
0.09 Acres
Taxes and HOA fees
Tax Annual Amount
13255
Utilities
Heating system
Natural Gas, Steam
Water source
Public
Building Details
Year built
1930
Floors in Building
3
Flooring type
Hardwood, Tile
Building materials
Masonite, Brick
Roof type
Tar/Gravel, Flat
Architectural style
Other
Listing Agency:
Hope Realty Group
(646) 598-7778
Listed By:
Kenneth Pierre-Louis
(917) 250-5956
Added: Apr 7
Changed: Aug 4
Last Checked: Aug 13 at 7:06PM
MLS# 11686904
Copyright © 2026 My State 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 five-unit residential income property is a classic walk-up building with interior space of approximately 5,056 SF. The unit mix consists of four 2-bedroom units and one larger 3-bedroom unit, supported by tiled and hardwood flooring and multiple bathrooms. The building’s construction materials include masonry and brick, with steam heat and natural gas as listed heating sources. The roof is described as flat with tar/gravel.
The property also includes a detached three-car garage and sits on a 0.0932-acre lot. Parking is described with a driveway, and the site is fenced. The property is being sold as-is, with income and expenses not represented; buyers should verify condition, layout, and operating details.
Water is provided via a public water source, and the property includes year built as 1930.
The property also includes a detached three-car garage and sits on a 0.0932-acre lot. Parking is described with a driveway, and the site is fenced. The property is being sold as-is, with income and expenses not represented; buyers should verify condition, layout, and operating details.
Water is provided via a public water source, and the property includes year built as 1930.
Key Highlights
- Four 2‑bedroom units plus one 3‑bedroom unit in a five‑unit walk‑up building
- Detached three‑car garage plus driveway parking
- Approximately 5,056 SF interior space on a 0.0932‑acre lot
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$123,591
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.18%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,471,820
$2.5M
Cap Rate 7%
$1,765,586
$1.8M
Cap Rate 9%
$1,373,233
$1.4M
Market Conditions
NOI Build-Up for 5,056 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$233.6K $46.20/SF
− Vacancy
−$8.9K −$1.76/SF
EGI
$224.7K $44.44/SF
− OpEx
−$101.1K −$20.00/SF
NOI
$123.6K $24.44/SF
Area
Queens County, NY
Vacancy
3.80%
Lease Rate
$46.20 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,471,820
Cap Rate 7%
$1,765,586
Cap Rate 9%
$1,373,233
Alternative Uses
Best Use
Apartment 5plus
$1.77M
$1.54M – $2.06M
NOI $123,591 @ 7.0% cap · market cap 6.18%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.73M
$3.26M – $4.35M
NOI $260,914 @ 7.0% cap · market cap 13.05%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
5
Residential units
Location Intelligence
Trade Area within ½ mile
7,226
Businesses Nearby
Explore this area
Business Placement
Demographics for 11102, NY
37,468
Population
19,431
Households
1.9
Avg Household Size
36
Median Age
58%
College-Educated
90%
High-School Grad
0.7 sq mi
ZIP Area
53,526
Density / Sq Mi
$102,996
Median Household Income
$70,557
Median Earnings
$2,248
Median Rent
$779,800
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Five-unit walk-up with four 2-bedroom units and one 3-bedroom unit plus a detached three-car garage.
Where is this apartment building located?
The property is located at 1426 30th Dr Astoria, NY.
What is the asking price?
The asking price for this property is $2,000,000.
What are key features of this property?
This property features: Four 2‑bedroom units plus one 3‑bedroom unit in a five‑unit walk‑up building; Detached three‑car garage plus driveway parking; Approximately 5,056 SF interior space on a 0.0932‑acre lot
