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    4229 Newtown Rd Queens, NY 11103

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    For Sale
    $3,200,000

    Mixed-use brick building with residential and commercial units in Astoria.

    Lot size:
    0.15 Acres

    Property Features for 4229 Newtown Rd

    General Information

    Lot size
    0.15 Acres

    Building Details

    Year built
    1928

    Source: Golden One Realty Group LLC Agent Alina Yukhtman

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Astoria Mixed-Use Corner Building

    This mixed-use brick corner building is located in the heart of Astoria. The property features four residential units and two commercial units, offering potential for passive income and investment. The ground floor comprises two commercial units. Two apartments have two bedrooms and one bathroom each, while the other two apartments have one bedroom and one bathroom each. The lot size is 101 x 66. The property is zoned R5 with a C1-2 overlay. Situated a few blocks from subway lines R, F, E, N, and W, the location provides access to retail spaces.
    Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    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
    Queens
    County
    Queens
    State
    New York
    Longitude
    -73.914654
    Latitude
    40.760954

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    FAQs

    What type of property is this?
    Mixed-use property - Mixed-use brick building with residential and commercial units in Astoria.
    Where is this mixed-use property located?
    The property is located at 4229 Newtown Rd Queens, NY.
    What is the asking price?
    The asking price for this property is $3,200,000.
    What are key features of this property?
    This property features: - Mixed-use brick corner building in the heart of Astoria.; - Four residential units and two commercial units, ideal for passive income and investment.; - Excellent location, just a few blocks to subway lines R, F, E, N, and W.
    (347) 539-0052
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    4229 Newtown Rd Queens, NY 11103
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    Queens, NY 11103
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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
    4229 Newtown Rd Queens, NY 11103
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