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    31-23 47Th St Queens, NY 11103

    For Sale
    $5,500,000

    24-unit building in prime Astoria location with growth potential.

    Lot size:
    0.17 Acres

    Property Features for 31-23 47Th St

    General Information

    Lot size
    0.17 Acres

    Building Details

    Year built
    1953

    Source: NY Space Finders Inc Agent Luca DiCiero

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

    Overview

    Astoria Multifamily Building for Sale

    This 24-unit multifamily building is situated in the vibrant Astoria neighborhood of Queens. Constructed in 1953, the three-story walk-up building has a total area of 14,680 square feet and is located on a 7,500 square foot lot with dimensions of 75 feet by 100 feet. The property offers a stable, income-producing investment with potential for future growth. The building features spacious layouts with hardwood floors, high ceilings, and ample natural light. Its location provides residents with a quiet residential environment while being close to the M and R subway lines, offering convenient access to Manhattan and other parts of Queens. Broadway, Newtown Road, and 30th Avenue are within walking distance, providing access to various dining, shopping, and neighborhood amenities. This property represents an opportunity to acquire a well-maintained asset in a desirable Astoria location with strong rental demand and long-term growth prospects.
    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
    Queens
    County
    Queens
    State
    New York
    Longitude
    -73.898082
    Latitude
    40.772363

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    FAQs

    What type of property is this?
    Apartment building - 24-unit building in prime Astoria location with growth potential.
    Where is this apartment building located?
    The property is located at 31-23 47Th St Queens, NY.
    What is the asking price?
    The asking price for this property is $5,500,000.
    What are key features of this property?
    This property features: - Prime Astoria location in a vibrant, rapidly growing neighborhood.; - Stable, income-producing 24-unit multifamily building.; - Close proximity to M and R subway lines for direct access to Manhattan and Queens.
    (718) 440-8162
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    31-23 47Th St 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
    31-23 47Th St Queens, NY 11103
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