Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    36-52 35Th St Astoria, NY 11106

    Sponsored
    For Sale
    $4,590,000

    MULTI_FAMILY - Astoria, NY

    Lot size:
    0.14 Acres
    Days on Market:
    53
    Last Refresh:
    Jan 27 at 7:06 am

    Property Features for 36-52 35Th St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Zoning
    M1-1
    Rooms
    Basement
    APN
    00634-0057
    Lot size
    0.14 Acres

    Utilities

    Utilities
    Water Available
    Sewer type
    Public Sewer
    Heating system
    Natural Gas
    Cooling system
    Wall/Window Unit(s), Window Unit(s)
    Water source
    Public

    Building Details

    Year built
    1925
    Floors in Building
    5
    Number of units
    30
    Flooring type
    Hardwood
    Building materials
    Brick

    We can help!

    Listing Contact
    Hong Qing Lin

    E REALTY INTERNATIONAL CORP. (718) 886-8110

    Listing agent Hong Qing Lin (917) 684-8981

    Listing date Dec 6, 2025

    MLS# 916408

    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.

    Learn more

    Property Insight Report

    Overview

    Astoria Multifamily Building - 30 Units

    This multifamily building in Astoria, New York, features 30 units. The unit mix includes 15 one-bedroom units, 13 two-bedroom units, and 2 three-bedroom units. Most units have been fully renovated with upgraded interiors. The common areas are immaculately maintained. Each unit is separately metered for electricity and gas. The building is equipped with efficient gas-powered heating and hot water. The property is located a short distance from the N, R, W, M subway station, surrounded by shops and restaurants, offering both convenience and strong tenant appeal. The building maintains a stable tenant base with a track record of on-time rent payments. The lot size is 0.1377 acres. The zoning is M1-1.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Astoria
    County
    Queens
    State
    New York
    Longitude
    -73.905244
    Latitude
    40.77818

    Nearby Similar for Sale

    • $1,999,999
      0.06 Acres

      Astoria Turn-Key Income Property

      Detached, fully occupied triplex in Astoria, ideal for investment or owner-occupancy.
      31-20 41St St, Astoria, NY 11103
      View Details
    • $1,330,000
      Pending

      Charming Astoria Two-Family Brick Home

      Legal two-family home in Astoria's Ditmars neighborhood.
      21-14 45Th St, Astoria, NY 11105
      View Details
    • New
      $1,550,000
      1,728 SF

      Astoria Multi-Family Brick Home

      Well-maintained, three-story home in Ditmars-Steinway neighborhood with investment potential.
      20-45 31St St, Astoria, NY 11105
      View Details
    • $1,549,000
      Pending

      Astoria Three-Family Home with Yard

      Spacious three-story home with large backyard in prime Astoria location.
      25-35 Crescent St, Astoria, NY 11102
      View Details
    • $1,399,999
      Pending

      Astoria Six-Family Income Property

      Six-family building in Astoria with renovated apartments and low taxes.
      26-21 30Th St, Astoria, NY 11102
      View Details
    • $1,339,000
      Pending

      Renovated Two-Family Home in Astoria

      Vacant, renovated two-family brick home near Astoria Park.
      26-19 14Th Pl, Astoria, NY 11102
      View Details
    • $2,300,000
      0.05 Acres

      Astoria Four-Family Investment Opportunity

      Legal four-family property in Astoria with spacious apartments and great potential.
      34-21 9Th St, Astoria, NY 11106
      View Details
    • $1,399,000
      0.06 Acres

      Astoria Two-Family Home with Garage

      Semi-detached two-family home in prime Astoria location.
      2037 37Th St, Astoria, NY 11105
      View Details
    • $2,600,000
      5,260 SF

      Astoria Multi-Unit Investment Opportunity

      Six-unit building with retail and residential in prime location.
      22-03 Steinway St, Astoria, NY 11105
      View Details
    • $1,599,000
      Pending

      Astoria Triplex with Parking

      Spacious triplex in prime Astoria with parking and potential.
      4612 25Th Ave, Astoria, NY 11103
      View Details
    • $1,395,000
      Pending

      Renovated Two-Family Home, Astoria

      Fully renovated two-family home near transportation in Astoria, NY.
      25-34 42Nd St, Astoria, NY 11103
      View Details
    • $1,248,000
      0.06 Acres

      Charming Astoria Two-Family Home

      Two-family home in Ditmars-Steinway, Astoria, perfect for end-users and investors.
      20-56 46Th St, Astoria, NY 11105
      View Details

    FAQs

    What type of property is this?
    Apartment building - 30-unit multifamily building in Astoria, near subway, shops, restaurants.
    Where is this apartment building located?
    The property is located at 36-52 35Th St Astoria, NY.
    What is the asking price?
    The asking price for this property is $4,590,000.
    What are key features of this property?
    This property features: - High rate of return on investment.; - Option for owner financing.; - Prime location: **7 minutes walking to N,R,W,M Subway station, surrounded by shops and restaurants.**
    (917) 684-8981
    Request Owner's contact information
    36-52 35Th St Astoria, NY 11106
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    36-52 35Th St
    Astoria, NY 11106
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    36-52 35Th St Astoria, NY 11106
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Hong Qing Lin
    (917) 684-8981
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.