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Five-Story Elevator Apartment Building
For Sale
$13,500,000

2631 3rd Street, Astoria, NY 11102

COMMERCIAL - Astoria, NY

Property SizeContact for details
Days on Market166

Property Features for 2631 3rd Street

General Information

Property type Commercial Sale
Property subtype Other
Zoning description Multi-Family
Security features Security System
Subdivision Long Island City
View Water, City
High school district 25
Directions refer to Waze
Standard status Active

Utilities

Heating system Forced Air, Electric (Heating)
Water source Public

Building Details

Year built 2024
Floors in Building 5
Flooring type Hardwood
Building materials Masonite
Roof type Flat, Rubber
Listing Agency: EAST COAST NEW YORK
Listed By: Jorge L Santiago
Added: Mar 12 Changed: Aug 4 Last Checked: Aug 24 at 9:06AM
MLS# 11672472

Copyright © 2026 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

2631 3rd Street is a five-story elevator apartment building constructed in 2024, offering 16 residential units comprised of studios, one-bedroom, and two-bedroom layouts. The property includes a 4,915 SF community facility delivered vacant, giving the new owner flexibility in how the space is used. Tenants are responsible for all utilities.

The building is served by electric forced air heating and has hardwood flooring. Water is supplied via public water, and the roof is described as flat with rubber roofing.

Tax incentives include a 421a tax abatement through 2059. The building is located in Astoria, Queens, in a rapidly evolving neighborhood described as Halets Cove, with access to Manhattan and the outer boroughs.

Key Highlights

  • Five‑story elevator apartment building built in 2024
  • 16 residential units: studios, one‑bedroom, and two‑bedroom layouts
  • 4,915 SF community facility delivered vacant

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Real Estate Agency Law Firm Dental Office Building Supply Auto Parts Store Hair Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

16
Residential units
Yes
Utilities to site

Location Intelligence

Trade Area within ½ mile

2,287
Businesses Nearby

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

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Apartment building - New 2024 luxury rental building with 16 units and a 4,915 SF community facility delivered vacant.
Where is this apartment building located?
The property is located at 2631 3rd Street Astoria, NY.
What is the asking price?
The asking price for this property is $13,500,000.
What are key features of this property?
This property features: Five‑story elevator apartment building built in 2024; 16 residential units: studios, one‑bedroom, and two‑bedroom layouts; 4,915 SF community facility delivered vacant
More about this property
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