Three-Unit Brick Multifamily
22-48 Steinway Street, Astoria, NY 11105
For Sale
New
$1,999,999
Residential Income, Astoria, NY
Property Size2,708 SF
Lot Size0.05 Acres
Price / SF$738.55
Days on Market3
Property Features for 22-48 Steinway Street
General Information
Property type
Property subtype
Bedrooms
Bathrooms
Full bathrooms
Rooms
Parking
Parking features
Interior features
Basement
Elementary school
Middle school
High school
Elementary school district
Middle school district
High school district
Standard status
APN
Lot size
Taxes and HOA fees
Tax Year
Tax Annual Amount
Utilities
Utilities
Heating system
Cooling system
Water source
Amenities
private backyard
patio
outdoor space
Building Details
Year built
Number of units
Building materials
Buildings
Listing Agency:
Voro LLC
(877) 943-8676
Listed By:
Shahroz A. Syed
(646) 730-3062
Added: Nov 8
Changed: Nov 9
Last Checked: Nov 10 at 2:06AM
MLS# 1071657
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.
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Investment Insights
Based on property information with market context.
This three-story brick multifamily property in Astoria contains three residential units across approximately 2,708 square feet of building area. The 2,200-square-foot lot also includes a two-car garage, a private backyard, and a patio. Built in 1965, the property has first-floor bedroom and full-bath features, natural gas heating, and window or wall/window air conditioning units.
The property is in Astoria’s Ditmars-Steinway section, minutes from N/W subway service. Neighborhood parks, shops, restaurants, cafes, and daily conveniences are also nearby, with access to major roadways and Manhattan noted in the property information.
The property is in Astoria’s Ditmars-Steinway section, minutes from N/W subway service. Neighborhood parks, shops, restaurants, cafes, and daily conveniences are also nearby, with access to major roadways and Manhattan noted in the property information.
Key Highlights
- Three residential units in a three‑story brick building
- Approximately 2,708 square feet of building area
- 2,200‑square‑foot lot
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$66,917
Cap Rate
3.35%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,338,340
$1.3M
Cap Rate 7%
$955,957
$956.0K
Cap Rate 9%
$743,522
$743.5K
Market Conditions
NOI Build-Up for 2,708 SF
Gross rent
$104.0K $38.40/SF
− Vacancy
−$8.4K −$3.10/SF
EGI
$95.6K $35.30/SF
− OpEx
−$28.7K −$10.59/SF
NOI
$66.9K $24.71/SF
Area
Queens County, NY
Vacancy
8.07%
Lease Rate
$38.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,338,340
Cap Rate 7%
$955,957
Cap Rate 9%
$743,522
Alternative Uses
Best Use
Multifamily LT 5
$956.0K
$836.5K – $1.12M
NOI $66,917 @ 7.0% cap · market cap 3.35%
Second Best
Apartment 5plus
$945.6K
$827.4K – $1.10M
NOI $66,195 @ 7.0% cap · market cap 3.31%
Theoretical Best
Office A
$2.00M
$1.75M – $2.33M
NOI $139,746 @ 7.0% cap · market cap 6.99%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
4,708
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
$1,089,000
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Triplexes in Queens County, NY
Properties on Market for Triplexes in Queens County
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - A two-car garage, private backyard, and patio add useful space beyond the three residential units.
Where is this triplex located?
The property is located at 22-48 Steinway Street Astoria, NY.
What is the asking price?
The asking price for this property is $1,999,999.
What are key features of this property?
This property features: Three residential units in a three‑story brick building; Approximately 2,708 square feet of building area; 2,200‑square‑foot lot
