Astoria Multifamily Building with
For Sale
$1,589,000
Pending
20-14 29th St Astoria 29th. st., Astoria, NY 11105
MULTI_FAMILY - Astoria, NY
Property SizeContact for details
Lot Size0.06 Acres
Days on Market491
Property Features for 20-14 29th St Astoria 29th. st.
General Information
Property type
Residential Multi Family
Property subtype
Other
Rooms
Basement
Basement
Full, Unfinished
Directions
Google
Standard status
Pending
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 Agency:
Weichert Realtors TMT Group
(718) 229-5200
Listed By:
Joseph D. Ferone CBR
(917) 270-8080
Added: Apr 10, 2025
Changed: Jul 28
Last Checked: Aug 13 at 2:06AM
MLS# 847324
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Investment Insights
Based on property information with market context.
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.
Key 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.
Property Analytics
Property Profile
Current Use
Lease Details
6
Residential units
Location Intelligence
Trade Area within ½ mile
2,590
Businesses Nearby
Explore this area
Business Placement
Demographics for 11105, NY
38,001
Population
17,518
Households
2.2
Avg Household Size
37
Median Age
55%
College-Educated
91%
High-School Grad
1.6 sq mi
ZIP Area
23,751
Density / Sq Mi
$100,306
Median Household Income
$62,464
Median Earnings
$2,211
Median Rent
$1,089,000
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 - 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.
