Multifamily Property with
For Sale
$1,798,000
2504 42nd Street, Astoria, NY 11103
A walk-in unit sits below two upper floors, with private parking and a garage on site.
Property Size3,139 SF
Price / SF$572.79
Days on Market13
Property Features for 2504 42nd Street
General Information
Standard status
Active
Size
3,139 SF
Property subtype
Residential Income
Taxes and HOA fees
Annual Taxes
$14,516
Amenities
Finished
4
Yes
5
Other
Public
2
No
Driveway, Garage
3139
Building Details
Building Size
3,139 SF
Year Built
1980
Listing Agency:
(516) 703-2918
Listed By:
Alex Switalski
Source:
Hedgestonehomes
Added: Oct 20
Changed: Oct 31
Last Checked: Oct 31 at 3:28AM
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 Alex Switalski
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Investment Insights
Based on property information with market context.
Built in 1980, this 3,139-square-foot multifamily property has a walk-in unit and two upper floors, each with multiple bedrooms and bathrooms. The upper floors are currently rented. A driveway, private parking spaces, and a garage provide on-site vehicle accommodation.
The property is in Astoria, near transportation, shopping, and dining.
The property is in Astoria, near transportation, shopping, and dining.
Key Highlights
- 3,139‑square‑foot multifamily property
- Built in 1980
- Walk‑in unit plus two upper floors with multiple bedrooms and bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$76,731
Cap Rate
4.27%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,534,620
$1.5M
Cap Rate 7%
$1,096,157
$1.1M
Cap Rate 9%
$852,567
$852.6K
Market Conditions
NOI Build-Up for 3,139 SF
Gross rent
$145.0K $46.20/SF
− Vacancy
−$5.5K −$1.76/SF
EGI
$139.5K $44.44/SF
− OpEx
−$62.8K −$20.00/SF
NOI
$76.7K $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%
$1,534,620
Cap Rate 7%
$1,096,157
Cap Rate 9%
$852,567
Alternative Uses
Best Use
Apartment 5plus
$1.10M
$959.1K – $1.28M
NOI $76,731 @ 7.0% cap · market cap 4.27%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.31M
$2.02M – $2.70M
NOI $161,987 @ 7.0% cap · market cap 9.01%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
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Open Analytics
Location Intelligence
Trade Area within ½ mile
6,192
Businesses Nearby
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Business Placement
Demographics for 11103, NY
37,362
Population
18,833
Households
2
Avg Household Size
36
Median Age
52%
College-Educated
89%
High-School Grad
0.7 sq mi
ZIP Area
53,374
Density / Sq Mi
$92,787
Median Household Income
$59,050
Median Earnings
$2,120
Median Rent
$1,003,500
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?
Multifamily property - A walk-in unit sits below two upper floors, with private parking and a garage on site.
Where is this multifamily property located?
The property is located at 2504 42nd Street Astoria, NY.
What is the asking price?
The asking price for this property is $1,798,000.
What are key features of this property?
This property features: 3,139‑square‑foot multifamily property; Built in 1980; Walk‑in unit plus two upper floors with multiple bedrooms and bathrooms
