2005-Constructed Three-Family
For Sale
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26-01 2nd Street, Astoria, NY 11102
2005-constructed three-family building with one 1-bedroom and two 2-bedroom units.
Property Size8,562 SF
Price / SF$443.82
Days on Market101
Property Features for 26-01 2nd Street
General Information
Standard status
Active
Size
8,562 SF
Total Parking Spaces
3
Property subtype
Multifamily
Zoning
R6
Occupancy
100%
Investment Type
Value Add
Net Operating Income
$189,471
Additional Details
Multifamily Units
3
Building Details
Year Built
2005
Buildings
3
Stories
3
Units
9
Tenancy
Multi
Listing Agency:
Bridge Advisory Group
Listed By:
Eric Delafraz · License #10401334366
Source:
Crexi
Added: Jul 20
Changed: Oct 25
Last Checked: Oct 26 at 4:07PM
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
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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
Estimated NOI and Cap Rate
NOI / Yr
$209,293
Cap Rate
5.51%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,185,860
$4.2M
Cap Rate 7%
$2,989,900
$3.0M
Cap Rate 9%
$2,325,478
$2.3M
Market Conditions
NOI Build-Up for 8,562 SF
Gross rent
$395.6K $46.20/SF
− Vacancy
−$15.0K −$1.76/SF
EGI
$380.5K $44.44/SF
− OpEx
−$171.2K −$20.00/SF
NOI
$209.3K $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%
$4,185,860
Cap Rate 7%
$2,989,900
Cap Rate 9%
$2,325,478
Alternative Uses
Best Use
Apartment 5plus
$2.99M
$2.62M – $3.49M
NOI $209,293 @ 7.0% cap · market cap 5.51%
Second Best
Multifamily LT 5
$2.02M
$1.77M – $2.36M
NOI $141,715 @ 7.0% cap · market cap 3.73%
Theoretical Best
Office A
$6.31M
$5.52M – $7.36M
NOI $441,840 @ 7.0% cap · market cap 11.63%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
2,287
Businesses Nearby
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Business Placement
Demographics for 11102, NY
37,468
Population
19,431
Households
1.9
Avg Household Size
36
Median Age
58%
College-Educated
90%
High-School Grad
0.7 sq mi
ZIP Area
53,526
Density / Sq Mi
$102,996
Median Household Income
$70,557
Median Earnings
$2,248
Median Rent
$779,800
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
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 $3,800,000.
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
