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    1426 30Th Dr Astoria, NY 11102

    For Sale
    $2,700,000

    High-Income, Legal 5-Family in Prime Astoria

    Property size:
    4,500 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    314
    This exceptional custom-built, beautifully renovated 5-family home presents a rare investment opportunity in the desirable Astoria, Queens neighborhood. Boasting a substantial 4,500 square feet on a 0.09-acre lot, this property generates a fantastic monthly income of $15,900, with a potential to reach $18,600. All five units are free-market, offering significant upside potential for rental income. The property features a three-car garage with additional parking, providing further income streams or convenience for residents. This turnkey property is ideal for an investor seeking immediate cash flow and long-term appreciation. The building's strong financial performance and prime location in Astoria make it a highly attractive investment. The current income stream alone makes this a compelling opportunity, with the potential for further rental increases. The property's size and layout offer flexibility for owner occupancy, allowing one unit to be used as a residence while the remaining four units generate rental income. This is a truly exceptional opportunity to acquire a high-performing, legal 5-family home in a sought-after location. The combination of strong rental income, ample parking, and prime Astoria location makes this a must-see investment property. Don't miss this chance to own a piece of Astoria's thriving real estate market. The asking price is $2,700,000.

    Property Features for 1426 30Th Dr

    General Information

    Property type
    Other commercial real estate
    Square Feet
    4,500 SF
    Lot Size
    3,920 SF

    Building Details

    Year Built
    1930
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Golden Steel Steel Framework Contractor

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Astoria
    County
    Queens
    State
    New York
    Longitude
    -73.93056
    Latitude
    40.7686

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    FAQs

    What type of property is this?
    Commercial real estate - High-Income, Legal 5-Family in Prime Astoria
    Where is this commercial real estate located?
    The property is located at 1426 30Th Dr Astoria, NY.
    What is the asking price?
    The asking price for this property is $2,700,000.
    (516) 312-3223
    Request Owner's contact information
    1426 30Th Dr Astoria, NY 11102
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    Astoria, NY 11102
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    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
    1426 30Th Dr Astoria, NY 11102
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