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Six-Unit Apartment Building with Cellar
For Sale
$2,950,000

1418 31st Avenue, Astoria, NY 11106

MULTI_FAMILY - Astoria, NY

Property SizeContact for details
Lot Size0.05 Acres
Days on Market70

Property Features for 1418 31st Avenue

General Information

Property type Residential Multi Family
Property subtype Other
Zoning R6B
Rooms Basement
Basement Unfinished, Full
Appliances Cooktop, Dishwasher, Exhaust Fan, Microwave, Oven, Refrigerator, Stainless Steel Appliance(s)
Elementary school Ps 171 Peter G Van Alst
Middle school Albert Shanker Sch-Visual/Perf Arts
High school Long Island City High School
Elementary school district Queens 30
Middle school district Queens 30
High school district Queens 30
Standard status Active
APN 00533-0031
Lot size 0.05 Acres

Taxes and HOA fees

Tax Year 2016
Tax Annual Amount 712

Utilities

Utilities Cable Available
Sewer type Public Sewer
Heating system Electric (Heating), Energy Star Qualified Equipment (Heating)
Cooling system ENERGY STAR Qualified Equipment, Electric
Water source Public

Amenities

video intercom security system

Building Details

Year built 2015
Floors in Building 4
Number of units 6
Flooring type Hardwood
Building materials Brick
Listing Agency: Azure Realty Group NY LLC
Listed By: Christina M. Cricenti · License #10491209546
Added: May 27 Changed: Aug 2 Last Checked: Aug 4 at 6:06PM
MLS# 1005439

Copyright © 2026 OneKey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

Six-unit apartment building built with brick construction and finished with hardwood flooring throughout. The apartments include quartz kitchens, designer bathrooms, extra-large windows, and a premium video intercom security system. Heating and cooling are supported by electric systems, including Energy Star qualified equipment.

The property is zoned R6B and sits on a 0.0503-acre lot, with public water and public sewer services. The building includes a basement and an 8-foot-high cellar that may provide space for additional tenant storage, including conversion into 12 to 15 storage units.

Additional on-site improvements noted include a coin-operated multi-machine laundry room and the potential to style the outdoor footprint into a communal tenant lounge.

Key Highlights

  • 0.0503‑acre lot zoned R6B
  • Brick construction with hardwood flooring
  • Six‑unit apartment building

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Law Firm Real Estate Agency Nursing Home Garden Center Pet Grooming Service Home Appliance Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

6
Residential units
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

6,492
Businesses Nearby

Demographics for 11106, NY

41,722
Population
21,681
Households
1.9
Avg Household Size
37
Median Age
52%
College-Educated
89%
High-School Grad
0.9 sq mi
ZIP Area
46,358
Density / Sq Mi
$85,573
Median Household Income
$62,254
Median Earnings
$2,032
Median Rent
$639,200
Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Apartment building - Six-unit brick apartment building zoned R6B with hardwood floors and an 8-foot-high cellar for potential storage conversion.
Where is this apartment building located?
The property is located at 1418 31st Avenue Astoria, NY.
What is the asking price?
The asking price for this property is $2,950,000.
What are key features of this property?
This property features: 0.0503‑acre lot zoned R6B; Brick construction with hardwood flooring; Six‑unit apartment building
More about this property
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