Astoria Multifamily Investment
30-26 35th Street Queens, NY 11103
30-26 35th Street, Queens, NY, 11103
$4,400,000
For Sale
$4,400,000
22-unit building near N and W train lines, fully occupied.
Property Size12,700 SF
Price / SF$346.46
Days on Market1448
Property Features for 30-26 35th Street
General Information
- Standard status
- Active
- Size
- 12,700 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1927
Listing agency
Golden One Realty Group LLC
(347) 539-0052
Listed by
Alina Yukhtman · License #10491212763
(347) 539-0052
Source
Compass
Added: Aug 4, 2022 Updated: Jul 10 at 12:22PM Checked: Jul 21 at 6:12AM
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 Golden One Realty Group LLC
Investment Insights
Based on property information with market context.
This is a 22-unit multifamily building located in Astoria. The property is situated two blocks from the N and W train lines. The building is fully occupied and offers an income-producing opportunity with a 6% capitalization rate. The property size is 12,700 square feet.
Key Highlights
- Excellent income‑producing property with a 6% Cap Rate.
- Fully occupied 22‑unit building.
- Prime location in the heart of Astoria.
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 | $586.7k | $46.20 |
| − Vacancy | −$22.3k | −$1.76 |
| EGI | $564.4k | $44.44 |
| − OpEx | −$254.0k | −$20.00 |
| NOI | $310.4k | $24.44 |
12,700 SF · lease $46.20/SF/yr · vacancy 3.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$4.43M
$3.88M – $5.17M
NOI $310,444 @ 7.0% cap · market cap 7.06%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$9.36M
$8.19M – $10.92M
NOI $655,381 @ 7.0% cap · market cap 14.90%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Apartment buildings
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FAQs
What type of property is this?
Apartment building - 22-unit building near N and W train lines, fully occupied.
Where is this apartment building located?
The property is located at 30-26 35th Street Queens, NY.
What is the asking price?
The asking price for this property is $4,400,000.
What are key features of this property?
This property features: Excellent income‑producing property with a 6% Cap Rate.; Fully occupied 22‑unit building.; Prime location in the heart of Astoria.
