Your AI Navigator in Commercial Real Estate
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

    2374 29Th Ave Astoria, NY 11102

    For Sale
    $7,250,000

    21-Unit Building, High ROI Potential

    Property size:
    13,450 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    306
    This exceptional 21-unit apartment building, located at 2374 29th Avenue in the thriving Astoria neighborhood of Queens, New York, presents a compelling investment opportunity. Spanning 13,450 square feet on a 0.09-acre lot, the property boasts a desirable mix of 17 two-bedroom and 4 one-bedroom apartments. Importantly, there are no rent-stabilized units, offering significant potential for rental income growth. The building also includes a superintendent's apartment, adding to its operational efficiency. Recent renovations ensure the property is well-maintained and ready for immediate occupancy. Its prime location offers unparalleled convenience, with easy access to public transportation, Astoria Park, a variety of schools, an abundance of shopping and dining options, and major highways. This income-generating property is situated in a highly sought-after area, promising strong returns for the discerning investor. The building's strong occupancy and lack of rent-stabilized units contribute to its financial stability and attractiveness. Furthermore, seller financing is available, presenting a unique opportunity for qualified buyers to secure favorable terms. This is a rare chance to acquire a well-positioned multifamily asset in a rapidly appreciating market. The combination of a strong rental market, convenient location, and available seller financing makes this an ideal investment for those seeking a stable and profitable venture in the heart of Astoria.

    Property Features for 2374 29Th Ave

    General Information

    Property type
    Other commercial real estate
    Square Feet
    13,450 SF
    Lot Size
    3,920 SF

    Building Details

    Year Built
    1913
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    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
    -73.925
    Latitude
    40.76938

    Nearby Similar for Sale

    • $1,999,999
      0.06 Acres

      Astoria Turn-Key Income Property

      Detached home ideal for investment or rental income.
      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
      $1,600,000
      1,728 SF

      Astoria Multi-Family Brick Home

      Well-maintained, three-story home in Ditmars-Steinway neighborhood.
      20-45 31St St, Astoria, NY 11105
      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
    • $1,499,000
      Pending

      Astoria Three-Story Multifamily Home

      Spacious three-story home in Astoria with large backyard.
      25-35 Crescent St, Astoria, NY 11102
      View Details
    • New
      $1,339,000
      0.04 Acres

      Renovated Two-Family Home in Astoria

      Vacant, renovated two-family brick home near Astoria Park.
      26-19 14Th Pl, Astoria, NY 11102
      View Details

    FAQs

    What type of property is this?
    Commercial real estate - 21-Unit Building, High ROI Potential
    Where is this commercial real estate located?
    The property is located at 2374 29Th Ave Astoria, NY.
    What is the asking price?
    The asking price for this property is $7,250,000.
    (914) 328-0333
    Request Owner's contact information
    2374 29Th Ave Astoria, NY 11102
    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.
    2374 29Th Ave
    Astoria, NY 11102
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    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.

    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.

    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
    2374 29Th Ave Astoria, NY 11102
    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
    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.