Multifamily
For Sale
$1,550,000
30-28 41st St, Astoria, NY 11103
Multifamily asset in Astoria, Queens, positioned between 30th Avenue and 31st Avenue.
Property Size5,298 SF
Days on Market152
Property Features for 30-28 41st St
General Information
Standard status
Active
Size
5,298 SF
Property subtype
Multifamily
Additional Details
Cap Rate
5.9%
Amenities
27.42 Feet Wide
3 FM | 3 RS
Building Details
Building Size
5,298 SF
Units
6
Listing Agency:
Marcus & Millichap | Manhattan
Listed By:
Matt Fotis · License #License(s): NY: 10301207136
(212) 430-5234
Source:
Marcusmillichap
Added: Jun 3
Changed: Oct 25
Last Checked: Nov 1 at 2:13AM
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 Marcus & Millichap | Manhattan
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Investment Insights
Based on property information with market context.
This multifamily property is located at 30-28 41st Street in Astoria, Queens, New York. The site sits between 30th Avenue and 31st Avenue, within the Astoria section of Queens.
Key Highlights
- Multifamily property in Astoria, Queens
- Located at 30‑28 41st Street, Astoria, NY 11103
- Positioned between 30th Avenue and 31st Avenue
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$129,507
Cap Rate
8.36%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,590,140
$2.6M
Cap Rate 7%
$1,850,100
$1.9M
Cap Rate 9%
$1,438,967
$1.4M
Market Conditions
NOI Build-Up for 5,298 SF
Gross rent
$244.8K $46.20/SF
− Vacancy
−$9.3K −$1.76/SF
EGI
$235.5K $44.44/SF
− OpEx
−$106.0K −$20.00/SF
NOI
$129.5K $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%
$2,590,140
Cap Rate 7%
$1,850,100
Cap Rate 9%
$1,438,967
Alternative Uses
Best Use
Apartment 5plus
$1.85M
$1.62M – $2.16M
NOI $129,507 @ 7.0% cap · market cap 8.36%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.91M
$3.42M – $4.56M
NOI $273,402 @ 7.0% cap · market cap 17.64%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Location Intelligence
Trade Area within ½ mile
1,465
Businesses Nearby
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Business Placement
Demographics for 11103, NY
37,362
Population
18,833
Households
2
Avg Household Size
36
Median Age
52%
College-Educated
89%
High-School Grad
0.7 sq mi
ZIP Area
53,374
Density / Sq Mi
$92,787
Median Household Income
$59,050
Median Earnings
$2,120
Median Rent
$1,003,500
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Multifamily property - Multifamily asset in Astoria, Queens, positioned between 30th Avenue and 31st Avenue.
Where is this multifamily property located?
The property is located at 30-28 41st St Astoria, NY.
What is the asking price?
The asking price for this property is $1,550,000.
What are key features of this property?
This property features: Multifamily property in Astoria, Queens; Located at 30‑28 41st Street, Astoria, NY 11103; Positioned between 30th Avenue and 31st Avenue
