Three-Unit Mixed-Use
New
For Sale
$2,100,000
1833 27th Ave, Astoria, NY 11102
The three-story property contains two three-bedroom apartments and a commercial storefront, with a full basement.
Property Size3,432 SF
Lot Size0.04 Acres
Price / SF$611.89
Days on Market3
Property Features for 1833 27th Ave
General Information
Standard status
Active
Size
3,432 SF
Lot size
0.04 Acres
Zoning
R7X / C2-3
Site & Location
Public Transit
Yes
Utilities to Site
Yes
Units
Unit Mix
2 x 3BR/1BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$9,770
Building Details
Buildings
1
Stories
3
Tenancy
Multi
Listing Agency:
EXP Realty
(888) 276-0630
Listed By:
Xingye Fu
(516) 336-9417
Source:
Exprealty
Added: Oct 4
Changed: Oct 6
Last Checked: Oct 5 at 4:38PM
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 EXP Realty
Investment Insights
Based on property information with market context.
At 1833 27th Ave, this 1901 mixed-use building contains two residential apartments and one commercial storefront. Each apartment has three bedrooms and one full bathroom. The building spans three stories, with a full basement, and offers approximately 3,432 square feet of interior space. Its footprint measures approximately 22 by 52 feet on a 25-by-75-foot lot.
The property is zoned R7X / C2-3 and has three electric meters and three gas meters. The N/W subway station at Astoria Blvd is nearby, along with shopping, restaurants, transportation, and neighborhood amenities. Potential redevelopment would be subject to zoning, DOB requirements, and approvals.
The property is zoned R7X / C2-3 and has three electric meters and three gas meters. The N/W subway station at Astoria Blvd is nearby, along with shopping, restaurants, transportation, and neighborhood amenities. Potential redevelopment would be subject to zoning, DOB requirements, and approvals.
Key Highlights
- Two residential units, each with 3 bedrooms and 1 full bathroom
- One commercial storefront in a three‑story building with a full basement
- Approximately 3,432 sq. ft. of interior space; footprint approximately 22x52
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$83,893
Cap Rate
3.99%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,677,860
$1.7M
Cap Rate 7%
$1,198,471
$1.2M
Cap Rate 9%
$932,144
$932.1K
Market Conditions
NOI Build-Up for 3,432 SF
Gross rent
$158.6K $46.20/SF
− Vacancy
−$6.0K −$1.76/SF
EGI
$152.5K $44.44/SF
− OpEx
−$68.6K −$20.00/SF
NOI
$83.9K $24.44/SF
Area
Queens County, NY
Vacancy
3.80%
Lease Rate
$46.20 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,677,860
Cap Rate 7%
$1,198,471
Cap Rate 9%
$932,144
Alternative Uses
Best Use
Apartment 5plus
$1.20M
$1.05M – $1.40M
NOI $83,893 @ 7.0% cap · market cap 3.99%
Second Best
Retail
$875.2K
$765.8K – $1.02M
NOI $61,261 @ 7.0% cap · market cap 2.92%
Theoretical Best
Office A
$2.53M
$2.21M – $2.95M
NOI $177,108 @ 7.0% cap · market cap 8.43%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
4,849
Businesses Nearby
Explore this area
Business Placement
Demographics for 11102, NY
37,468
Population
19,431
Households
1.9
Avg Household Size
36
Median Age
58%
College-Educated
90%
High-School Grad
0.7 sq mi
ZIP Area
53,526
Density / Sq Mi
$102,996
Median Household Income
$70,557
Median Earnings
$2,248
Median Rent
$779,800
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - The three-story property contains two three-bedroom apartments and a commercial storefront, with a full basement.
Where is this mixed-use property located?
The property is located at 1833 27th Ave Astoria, NY.
What is the asking price?
The asking price for this property is $2,100,000.
What are key features of this property?
This property features: Two residential units, each with 3 bedrooms and 1 full bathroom; One commercial storefront in a three‑story building with a full basement; Approximately 3,432 sq. ft. of interior space; footprint approximately 22x52
