20-14 29th St Astoria 29th. st. St Astoria, NY 11105

Building Details

Year Built

1931

Listing office Weichert Realtors TMT Group Show Phone

Listing date Apr 11, 2025

Source Exitrealty

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

All listing content including descriptions, pricing, images are the copyrighted material of Weichert Realtors TMT Group

Report an issue

---

Investment Insights

Based on property information with market context.

This mixed-use building in Astoria features six apartments and a vacant 1,200-square-foot storefront. The apartments are rent-stabilized, not rent-controlled. The building contains three one-bedroom apartments and three two-bedroom apartments. The roof and gas furnace are both six years old. The building uses gas-fired steam heat. The storefront was formerly a bar. The pro forma annual income is $187,000. Annual expenses include $18,630 in taxes, $9,033 for gas and electric, $11,531 for insurance, $7,958 for water, and $3,300 for miscellaneous repairs, totaling $50,542. The net operating income (NOI) is $136,458, with a cap rate of 8.58%. Rent increases in rent-stabilized homes are 2.75% for a one-year lease and 5.25% for a two-year lease.

Key Highlights

• High Net Operating Income (NOI) of $136,458
• Attractive Cap Rate of 8.58%
• Vacant 1200 sq ft store front offers immediate income potential

Property Analytics

Property Profile Location Intelligence

Similar For Sale Nearby

• 

  $2,700,000

  Turnkey Full-Building Retail

  Fully renovated multi-level retail building with a full basement, designed for flexible owner-user and professional use.

  30-75 Steinway Street, Astoria, NY 11103

  View Details
• 

  $1,550,000

  5,025 SF

  Attached Six-Unit Multi-Family Building

  Six attached residences with 2-bedroom, 1-bath layouts suited to investors seeking an established rental configuration.

  31-51 35th Street, Astoria, NY 11106

  View Details
• 

  $2,000,000

  5,056 SF

  Five-Unit Residential Income Building

  Walk-up multifamily with four 2-bedroom units, one 3-bedroom unit, and a detached three-car garage.

  1426 30th Dr, Astoria, NY 11102

  View Details
• 

  $2,390,000

  4,500 SF

  Mixed-Use Building in South Astoria

  High-visibility mixed-use building with redevelopment potential in a prime location.

  3076 Steinway Street, Astoria, NY 11103

  View Details
• 

  $1,200,000

  2,600 SF

  Astoria Fourplex with Expansion Potential

  Fourplex in Astoria, NY, with potential for significant expansion.

  11-51 Welling Court, Astoria, NY 11102

  View Details
• 

  $9,500,000

  27,000 SF

  Church and Community Facilities Portfolio

  Three connected buildings include a renovated worship facility with elevator access and two additional vacant community buildings.

  32-71 41st Street, Astoria, NY 11103

  View Details
• 

  $150,000

  Mediterranean Restaurant with Outdoor Seating

  Mediterranean restaurant with 48–52 seats indoors, newly updated restrooms, and an outdoor event area for 30–50 guests.

  31-51 Steinway Street, Astoria, NY 11103

  View Details
• 

  $1,160,000

  Brick Duplex with Two Patio Areas

  Two-family brick duplex with independent heating thermostats, washer/dryer hook-ups, and private front and back patios.

  1305 34th Avenue, Astoria, NY 11106

  View Details
• 

  $9,500,000

  27,000 SF

  Astoria Community Facility Portfolio For Sale

  32-71 41St St, Unit PORTFOLIO, Astoria, NY 11103

  View Details
• 

  $1,990,000

  Renovated Brick Multifamily Residence

  Renovated 3-level brick multifamily with a duplex configuration plus a third-floor unit and finished basement space.

  20-49 49th Street, Astoria, NY 11105

  View Details
• 

  $1,890,000

  Residential Income Duplex

  For sale duplex in Astoria, Queens, offering a residential income building configuration.

  12-10 27th Avenue, Astoria, NY 11102

  View Details
• 

  $1,750,000

  2,400 SF

  Two-Family Brick Home with Parking

  Three-story two-family brick property with private driveway parking and vacant delivery, offering separate apartment layouts.

  32-63 41st Street, Astoria, NY 11103

  View Details

FAQs

What type of property is this?

Mixed-use property - Six-family building with vacant storefront in Astoria, NY.

Where is this mixed-use property located?

The property is located at 20-14 29th St Astoria 29th. st. St Astoria, NY.

What is the asking price?

The asking price for this property is $1,589,000.

What are key features of this property?

This property features: High Net Operating Income (NOI) of $136,458; Attractive Cap Rate of 8.58%; **Vacant 1200 sq ft store front offers immediate income potential**