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Elevator Apartment Building with Community Facility
For Sale
$13,500,000

2631 3rd Street, Astoria, NY 11102

Business Opportunity, Astoria, NY

Property SizeContact for details
Days on Market211

Property Features for 2631 3rd Street

General Information

Property type Commercial Sale
Property subtype Other
Zoning description Multi-Family
Security features Security System
Subdivision Long Island City
View Water, City
High school district 25
Directions refer to Waze
Standard status Active

Utilities

Heating system Forced Air, Electric (Heating)
Water source Public

Building Details

Year built 2024
Floors in Building 5
Flooring type Hardwood
Building materials Masonite
Roof type Flat, Rubber
Listing Agency: EAST COAST NEW YORK
Listed By: Jorge L Santiago
Added: Mar 12 Changed: Sep 27 Last Checked: Oct 8 at 3:06PM
MLS# 11672472

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.

Completed in 2024, this five-story residential building contains 16 apartments with studio, one-bedroom, and two-bedroom layouts. An elevator serves the property, while hardwood flooring, forced-air and electric heating, a flat rubber roof, and public water support the building’s modern construction. The residences feature contemporary condominium-style finishes, and occupants are responsible for their own utilities.

The property also includes a 4,915-square-foot community facility that is vacant, providing flexibility for future operations. A 421a tax abatement is in place through 2059. The building is located at 2631 3rd Street in Astoria, Queens, within a rental market surrounded by newer high-rise rental and condominium development, with access to Manhattan and the outer boroughs.

Key Highlights

  • 16 residential units with studio, one‑bedroom, and two‑bedroom layouts
  • Five‑story building with elevator service, completed in 2024
  • 4,915‑square‑foot community facility offered vacant

Property Analytics

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Current Use

Apartment buildings

Suggested Use

Top Pick Real Estate Agency Law Firm Dental Office Building Supply Hair Salon Auto Parts 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

16
Residential units

Location Intelligence

Trade Area within ½ mile

2,287
Businesses Nearby

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Multifamily in Northeast region

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

What type of property is this?
Apartment building - Newly built residential property includes a vacant community facility and a mix of studio, one-bedroom, and two-bedroom apartments.
Where is this apartment building located?
The property is located at 2631 3rd Street Astoria, NY.
What is the asking price?
The asking price for this property is $13,500,000.
What are key features of this property?
This property features: 16 residential units with studio, one‑bedroom, and two‑bedroom layouts; Five‑story building with elevator service, completed in 2024; 4,915‑square‑foot community facility offered vacant
More about this property
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