16-Unit Apartment
For Sale
$3,800,000
21-51 27th Street, Astoria, NY 11105
Renovated apartments and a refreshed roof are among the building’s documented improvements.
Property Size11,000 SF
Price / SF$345.45
Days on Market190
Property Features for 21-51 27th Street
General Information
Standard status
Active
Size
11,000 SF
Property subtype
Commercial
Zoning
R5D
Additional Details
Multifamily Units
16
Taxes and HOA fees
Annual Taxes
$64,734
Building Details
Building Size
11,000 SF
Year Built
1927
Stories
4
Units
16
Listing Agency:
Citi Zone Realty LLC
Listed By:
Mario Tsikis CBR
(718) 482-7100
Source:
Clairedleone
Added: Apr 18
Changed: Oct 23
Last Checked: Oct 23 at 5:16PM
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 Citi Zone Realty LLC
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 11,000-square-foot apartment building in Astoria, Queens, contains 16 units. Twelve apartments have been renovated, and the roof has been updated. The property dates to 1927 and is zoned R5D.
Located at 21-51 27th Street, the building offers a multifamily configuration in the Astoria area.
Located at 21-51 27th Street, the building offers a multifamily configuration in the Astoria area.
Key Highlights
- 16‑unit apartment building
- 11,000 square feet in Astoria, Queens
- 12 renovated apartments
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$268,889
Cap Rate
7.08%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,377,780
$5.4M
Cap Rate 7%
$3,841,271
$3.8M
Cap Rate 9%
$2,987,656
$3.0M
Market Conditions
NOI Build-Up for 11,000 SF
Gross rent
$508.2K $46.20/SF
− Vacancy
−$19.3K −$1.76/SF
EGI
$488.9K $44.44/SF
− OpEx
−$220.0K −$20.00/SF
NOI
$268.9K $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%
$5,377,780
Cap Rate 7%
$3,841,271
Cap Rate 9%
$2,987,656
Alternative Uses
Best Use
Apartment 5plus
$3.84M
$3.36M – $4.48M
NOI $268,889 @ 7.0% cap · market cap 7.08%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$8.11M
$7.10M – $9.46M
NOI $567,653 @ 7.0% cap · market cap 14.94%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
16
Residential units
Location Intelligence
Trade Area within ½ mile
47,365
Businesses Nearby
Explore this area
Business Placement
Demographics for 11105, NY
38,001
Population
17,518
Households
2.2
Avg Household Size
37
Median Age
55%
College-Educated
91%
High-School Grad
1.6 sq mi
ZIP Area
23,751
Density / Sq Mi
$100,306
Median Household Income
$62,464
Median Earnings
$2,211
Median Rent
$1,089,000
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
Frequently Asked Questions
What type of property is this?
Apartment building - Renovated apartments and a refreshed roof are among the building’s documented improvements.
Where is this apartment building located?
The property is located at 21-51 27th Street Astoria, NY.
What is the asking price?
The asking price for this property is $3,800,000.
What are key features of this property?
This property features: 16‑unit apartment building; 11,000 square feet in Astoria, Queens; 12 renovated apartments
