2005-Constructed Three-Family
26-01 2nd Street Astoria, NY 11102
For Sale
Contact for pricing
2005-constructed three-family building with one 1-bedroom and two 2-bedroom units.
Property Size8,562 SF
Price / SF$490.54
Days on Market10
Property Features for 26-01 2nd Street
General Information
Standard status
Active
Size
8,562 SF
Property subtype
Multifamily
Building Details
Year Built
2005
Listing Agency:
Bridge Advisory Group
Listed By:
Eric Delafraz · License #10401334366
Source:
Crexi
Added: Jul 20
Changed: Jul 26
Last Checked: Jul 29 at 7:43AM
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 Bridge Advisory Group
Investment Insights
Based on property information with market context.
This modern three-family residential building was constructed in 2005 and is designed for a low-maintenance operating footprint. The first floor features a 1-bedroom unit, while the upper floors include two 2-bedroom units. The property also lends itself to light, targeted cosmetic updates to support ongoing income and presentation.
Located at 26-01 2nd Street in Astoria, the building is positioned near the Astoria Ferry Landing along the Hallets Point peninsula. The remarks note a transit-oriented commute into Long Island City, Roosevelt Island, and Manhattan.
With a practical unit mix—one 1-bedroom and two 2-bedroom layouts—the property offers a straightforward structure for multifamily ownership and management, while remaining focused on efficient, manageable improvements.
Located at 26-01 2nd Street in Astoria, the building is positioned near the Astoria Ferry Landing along the Hallets Point peninsula. The remarks note a transit-oriented commute into Long Island City, Roosevelt Island, and Manhattan.
With a practical unit mix—one 1-bedroom and two 2-bedroom layouts—the property offers a straightforward structure for multifamily ownership and management, while remaining focused on efficient, manageable improvements.
Key Highlights
- 2005‑built three‑family building with low‑maintenance construction
- Unit mix includes 1 first‑floor 1‑bedroom and two upper‑floor 2‑bedroom units
- First‑floor layout features a 1‑bedroom unit; upper floors include two spacious 2‑bedroom units
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 | $395.6k | $46.20 |
| − Vacancy | −$15.0k | −$1.76 |
| EGI | $380.5k | $44.44 |
| − OpEx | −$171.2k | −$20.00 |
| NOI | $209.3k | $24.44 |
8,562 SF · lease $46.20/SF/yr · vacancy 3.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$2.99M
$2.62M – $3.49M
NOI $209,293 @ 7.0% cap · market cap 4.98%
Second Best
Multifamily LT 5
$2.02M
$1.77M – $2.36M
NOI $141,715 @ 7.0% cap · market cap 3.37%
Theoretical Best
Office A
$6.31M
$5.52M – $7.36M
NOI $441,840 @ 7.0% cap · market cap 10.52%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Triplex - 2005-constructed three-family building with one 1-bedroom and two 2-bedroom units.
Where is this triplex located?
The property is located at 26-01 2nd Street Astoria, NY.
What is the asking price?
The asking price for this property is $4,200,000.
What are key features of this property?
This property features: 2005‑built three‑family building with low‑maintenance construction; Unit mix includes 1 first‑floor 1‑bedroom and two upper‑floor 2‑bedroom units; First‑floor layout features a 1‑bedroom unit; upper floors include two spacious 2‑bedroom units
