13-Unit Apartment
New
For Sale
$6,495,000
22-22 Steinway Street, Astoria, NY 11105
Each residence has private outdoor space and a dedicated basement storage room.
Property Size12,253 SF
Days on Market4
Property Features for 22-22 Steinway Street
General Information
Standard status
Active
Size
12,253 SF
Property subtype
Multi Family
Units
Unit Mix
12 x 1BR, 1 x 2BR
Multifamily Units
13
Additional Details
Public Transit
Yes
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$2,295
Amenities
furnished rooftop deck
common laundry room
video intercom system
rear outdoor parking
Building Details
Building Size
12,253 SF
Year Built
2018
Buildings
1
Listing Agency:
Blue Brick Real Estate
Listed By:
Antonino Lo Verme · License #10491211001
(917) 837-2072
Source:
Serhant
Added: Nov 3
Changed: Nov 4
Last Checked: Nov 4 at 12:20PM
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 Blue Brick Real Estate
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This Astoria multifamily property contains 13 apartments: twelve one-bedroom homes and one two-bedroom home. Each residence has private outdoor space and a separate basement storage room. Interior features include quartz kitchen counters, stainless steel appliances, porcelain tile flooring, and tiled bathrooms with radiant heat. Ductless systems provide heating and cooling, with individual room thermostats. A furnished roof deck, shared laundry room, video intercom, and rear parking serve the building. A 421-a tax abatement is scheduled to continue through 2055.
The property is at 22-22 Steinway Street in Astoria, near the restaurants, cafés, and shops along Ditmars Boulevard. Astoria Park and the East River waterfront are also nearby, and the N/W station at Astoria–Ditmars Boulevard offers subway service to Manhattan.
The property is at 22-22 Steinway Street in Astoria, near the restaurants, cafés, and shops along Ditmars Boulevard. Astoria Park and the East River waterfront are also nearby, and the N/W station at Astoria–Ditmars Boulevard offers subway service to Manhattan.
Key Highlights
- 13 apartments: twelve one‑bedroom units and one two‑bedroom unit
- Private outdoor space and a dedicated basement storage room for each apartment
- 421‑a tax abatement scheduled through 2055
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$299,517
Cap Rate
4.61%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,990,340
$6.0M
Cap Rate 7%
$4,278,814
$4.3M
Cap Rate 9%
$3,327,967
$3.3M
Market Conditions
NOI Build-Up for 12,253 SF
Gross rent
$566.1K $46.20/SF
− Vacancy
−$21.5K −$1.76/SF
EGI
$544.6K $44.44/SF
− OpEx
−$245.1K −$20.00/SF
NOI
$299.5K $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%
$5,990,340
Cap Rate 7%
$4,278,814
Cap Rate 9%
$3,327,967
Alternative Uses
Best Use
Apartment 5plus
$4.28M
$3.74M – $4.99M
NOI $299,517 @ 7.0% cap · market cap 4.61%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$9.03M
$7.90M – $10.54M
NOI $632,314 @ 7.0% cap · market cap 9.74%
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
13
Residential units
Location Intelligence
Trade Area within ½ mile
1,465
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Properties on Market for Apartment buildings in Astoria
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Apartment building - Each residence has private outdoor space and a dedicated basement storage room.
Where is this apartment building located?
The property is located at 22-22 Steinway Street Astoria, NY.
What is the asking price?
The asking price for this property is $6,495,000.
What are key features of this property?
This property features: 13 apartments: twelve one‑bedroom units and one two‑bedroom unit; Private outdoor space and a dedicated basement storage room for each apartment; 421‑a tax abatement scheduled through 2055
