Astoria Multifamily Building with
20-14 29th St Astoria 29th. st., Astoria, NY 11105
- Added:
- Apr 10, 2025
- Days on Market:
- 399
- Last Refresh:
- May 13 at 7:06 am
Property Features for 20-14 29th St Astoria 29th. st.
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Rooms
- Basement
- Basement
- Unfinished, Full
- Standard status
- Pending
- Size
- 1,200 SF
- Lot size
- 0.06 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 20205
Utilities
- Sewer type
- Public Sewer
- Heating system
- Natural Gas
- Water source
- Public
Building Details
- Year built
- 1931
- Floors in Building
- 4
- Number of units
- 6
- Building materials
- Brick
Listing agent Joseph D. Ferone CBR (917) 270-8080
Listing office Weichert Realtors TMT Group 19920 32nd Ave, Flushing, NY (718) 229-5200
Listing date Apr 10, 2025
MLS# 847324
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.
HighLights
- High Net Operating Income (NOI) of $136,458 and an 8.58% Cap Rate indicate strong investment potential.
- Vacant 1200 sq ft store front offers immediate income potential or business opportunity.
- All apartments are rent stabilized, not rent controlled, allowing for predictable rent increases.
- Relatively new roof and gas furnace (6 years old) suggest reduced near‑term maintenance costs.
- Mix of (3) 1‑bedroom and (3) 2‑bedroom apartments provides diverse rental income streams.
- Brick construction offers durability and classic aesthetic appeal.
Overview
This multifamily building is located in Astoria, Queens, and features a vacant 1,200-square-foot storefront on the ground floor, previously used as a bar. The building comprises six units: three one-bedroom apartments and three two-bedroom apartments. The property is not subject to rent control, only rent stabilization. The roof and gas furnace are both six years old. The building uses gas-fired steam heat. The pro forma annual income is $187,000. Annual expenses include $18,630 in taxes, $9,033 for gas and electric, $11,531 for insurance, $7,958 for water, and $3,300 for miscellaneous repairs, totaling $50,542. This results in a net operating income (NOI) of $136,458 and a cap rate of 8.58%. Rent increases in rent-stabilized homes are 2.75% for a one-year lease and 5.25% for a two-year lease. The lot size is 0.0573 acres.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Thrifty Auto Transport
Trucking Company
Location Insight
- Map
- Local Demand
- City
- Astoria
- County
- Queens
- State
- New York
- Longitude
- -73.908594
- Latitude
- 40.779689
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - Six-family building with vacant storefront in Astoria, Queens.
Where is this apartment building located?
The property is located at 20-14 29th St Astoria 29th. st. Astoria, NY.
What is the asking price?
The asking price for this property is $1,589,000.
What are key features of this property?
This property features: High Net Operating Income (NOI) of $136,458 and an 8.58% Cap Rate indicate strong investment potential.; Vacant 1200 sq ft store front offers immediate income potential or business opportunity.; All apartments are rent stabilized, not rent controlled, allowing for predictable rent increases.
