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    31-42 34Th St, Unit MultiFamily Queens, NY 11106

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    For Sale
    $1,470,000

    Six-unit building in Astoria near subway and retail.

    Lot size:
    2,424.00 Acres

    Property Features for 31-42 34Th St

    General Information

    Lot size
    2,424.00 Acres

    Building Details

    Year built
    1921

    Source: Keller Williams NYC Agent Suzanne L Michaud

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

    Overview

    Astoria Multifamily Building For Sale

    This is a six-unit building featuring one unit with one bedroom and one bathroom, and five units with two bedrooms and one bathroom. The property includes three parking spaces and is located on a quiet block in Astoria. The units are fully occupied with rent-stabilized tenants, and there is additional income generated from parking garages located in the rear of the property. The building has been under long-term ownership and is well-maintained. The unfurnished basement presents an opportunity for conversion into a rent-producing apartment, subject to proper permitting. The location is near the N/W subway lines and a vibrant retail and dining scene. This property is suitable for investors seeking stable cash flow with long-term value-add potential.
    Location Intelligence

    Current Use by Public Records

    Parking lots & garages

    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
    Queens
    County
    Queens
    State
    New York
    Longitude
    -73.9319064
    Latitude
    40.7620826

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    FAQs

    What type of property is this?
    Apartment building - Six-unit building in Astoria near subway and retail.
    Where is this apartment building located?
    The property is located at 31-42 34Th St, Unit MultiFamily Queens, NY.
    What is the asking price?
    The asking price for this property is $1,470,000.
    What are key features of this property?
    This property features: - Fully occupied 6-unit building provides stable cash flow.; - Prime Astoria location near N/W subway lines and retail/dining.; - Value-add potential: Unfurnished basement convertible to apartment (with permits).
    (201) 452-1235
    Request Owner's contact information
    31-42 34Th St, Unit MultiFamily Queens, 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
    31-42 34Th St, Unit MultiFamily Queens, NY 11106
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