Six-Unit Multifamily
2568 43rd Street Astoria, NY 11103
2568 43rd Street, Astoria, NY, 11103
$1,399,999
For Sale
$1,399,999
Three-story six-unit multifamily building offering about 5,060 square feet, with one vacant unit available.
Property Size5,060 SF
Price / SF$276.68
Days on Market160
Property Features for 2568 43rd Street
General Information
- Standard status
- Active
- Size
- 5,060 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1928
Listing agency
NY SPACE FINDERS INC
Listed by
ROCCO PASQUARIELLO · License #960767
Source
Corcoran
Added: Feb 11 Updated: Jul 20 at 9:41PM Checked: Jul 21 at 6:06AM
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 NY SPACE FINDERS INC
Investment Insights
Based on property information with market context.
This well-maintained three-story multifamily building contains six units and offers approximately 5,060 square feet of residential space. One unit is currently vacant, providing flexibility for owner occupancy or future leasing.
The property is located near the intersection of 25th Avenue and 43rd Street in Astoria, Queens, and is close to neighborhood retail, restaurants, and public transportation. Public transit provides an approximately 20-minute commute to Manhattan.
Financial information, including income and expense details, is available upon request.
The property is located near the intersection of 25th Avenue and 43rd Street in Astoria, Queens, and is close to neighborhood retail, restaurants, and public transportation. Public transit provides an approximately 20-minute commute to Manhattan.
Financial information, including income and expense details, is available upon request.
Key Highlights
- Three‑story six‑unit multifamily building (c. 1928) with approximately 5,060 SF of residential space
- One vacant unit provides flexibility for owner‑occupancy or future leasing
- Located near the intersection of 25th Avenue and 43rd Street in Astoria, Queens
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $233.8k | $46.20 |
| − Vacancy | −$8.9k | −$1.76 |
| EGI | $224.9k | $44.44 |
| − OpEx | −$101.2k | −$20.00 |
| NOI | $123.7k | $24.44 |
5,060 SF · lease $46.20/SF/yr · vacancy 3.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.77M
$1.55M – $2.06M
NOI $123,689 @ 7.0% cap · market cap 8.83%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.73M
$3.26M – $4.35M
NOI $261,120 @ 7.0% cap · market cap 18.65%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Apartment buildings
Similar For Sale Nearby
FAQs
What type of property is this?
Apartment building - Three-story six-unit multifamily building offering about 5,060 square feet, with one vacant unit available.
Where is this apartment building located?
The property is located at 2568 43rd Street Astoria, NY.
What is the asking price?
The asking price for this property is $1,399,999.
What are key features of this property?
This property features: Three‑story six‑unit multifamily building (c. 1928) with approximately 5,060 SF of residential space; One vacant unit provides flexibility for owner‑occupancy or future leasing; Located near the intersection of 25th Avenue and 43rd Street in Astoria, Queens
