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    3435 30Th St Astoria, NY 11106

    For Sale
    $1,898,000

    Prime Astoria location, high rental demand, turnkey investment.

    Property size:
    5,200 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    306
    This well-maintained six-family building in Astoria, NY presents a compelling investment opportunity. Located near Broadway and a short walk from the N/W subway, this property boasts exceptional accessibility to Manhattan and various transportation options, including Citibike and bus lines. The building comprises six apartments: two one-bedroom units on the first floor, one one-bedroom and one two-bedroom unit on the second floor, and another one-bedroom and two-bedroom unit on the third floor. The basement is unfinished and offers potential for expansion or additional storage. The building features a brick semi-detached structure with a total of eight bedrooms and six bathrooms across approximately 5,200 square feet. The lot measures 20.67 x 100 feet, while the building itself is 20.75 x 85 feet. The property enjoys a strong rental history, generating an annual income of $131,064 and a net operating income of $92,485 after annual expenses of $38,579. Annual property taxes are $21,329. The building is zoned R5 and is in excellent condition, with recent updates to several units ensuring high tenant satisfaction and ease of rental. This turnkey investment is situated in a high-demand rental area, offering immediate income generation and significant potential for long-term growth. The property's prime location and strong financial performance make it an attractive opportunity for savvy investors.

    Property Features for 3435 30Th St

    General Information

    Property type
    Other commercial real estate
    Square Feet
    5,200 SF

    Building Details

    Year Built
    1923
    Property Profile Insight Report 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 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
    -73.92856
    Latitude
    40.75904

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    FAQs

    What type of property is this?
    Commercial real estate - Prime Astoria location, high rental demand, turnkey investment.
    Where is this commercial real estate located?
    The property is located at 3435 30Th St Astoria, NY.
    What is the asking price?
    The asking price for this property is $1,898,000.
    (718) 274-2400
    Request Owner's contact information
    3435 30Th St Astoria, NY 11106
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    Astoria, NY 11106
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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
    3435 30Th St Astoria, NY 11106
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