12-Unit Multifamily
For Sale
$3,595,000
30-74-76 30th Street Astoria, Ny, NY 11102
Built in 2004, the property offers separate utilities for every apartment and a balanced one- and two-bedroom unit mix.
Property Size6,637 SF
Price / SF$541.66
Days on Market55
Property Features for 30-74-76 30th Street Astoria
General Information
Standard status
Active
Size
6,637 SF
Zoning
R6B
Units
Unit Mix
8 x 1BR, 4 x 2BR
Multifamily Units
12
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$39,894
Amenities
Finished
3
Yes
Public
No
6637
Building Details
Building Size
6,637 SF
Year Built
2004
Buildings
1
Stories
3
Listing Agency:
(718) 684-8000
Listed By:
Andrew Boodhoo
(718) 684-8000
Source:
Parkassets
Added: Jul 8
Changed: Aug 30
Last Checked: Aug 30 at 6:53PM
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 Andrew Boodhoo
Investment Insights
Based on property information with market context.
This 12-unit multifamily property was constructed in 2004 and contains 6,637 square feet. The unit mix includes eight one-bedroom apartments and four two-bedroom apartments, providing a range of residential configurations within the building. Each apartment has separate utilities, supporting individualized utility management.
The property is located in Astoria, Queens, an area described as having a diverse culture, an active dining scene, public transportation access, and connectivity to Manhattan. The building is zoned R6B. The source information also identifies the potential for free-market lease conversion upon renewal, subject to applicable requirements.
The property is located in Astoria, Queens, an area described as having a diverse culture, an active dining scene, public transportation access, and connectivity to Manhattan. The building is zoned R6B. The source information also identifies the potential for free-market lease conversion upon renewal, subject to applicable requirements.
Key Highlights
- 12‑unit multifamily building constructed in 2004
- 6,637 square feet of building area
- Unit mix includes 8 one‑bedroom and 4 two‑bedroom apartments
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$207,654
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.78%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$4,153,080
$4.2M
Cap Rate 7%
$2,966,486
$3.0M
Cap Rate 9%
$2,307,267
$2.3M
Market Conditions
NOI Build-Up for 6,637 SF
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.
Gross rent
$397.4K $59.88/SF
− Vacancy
−$19.9K −$2.99/SF
EGI
$377.6K $56.89/SF
− OpEx
−$169.9K −$25.60/SF
NOI
$207.7K $31.29/SF
Area
New York, NY
Vacancy
5.00%
Lease Rate
$59.88 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$4,153,080
Cap Rate 7%
$2,966,486
Cap Rate 9%
$2,307,267
Alternative Uses
Best Use
Apartment 5plus
$2.97M
$2.60M – $3.46M
NOI $207,654 @ 7.0% cap · market cap 5.78%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$16.52M
$14.46M – $19.27M
NOI $1,156,431 @ 7.0% cap · market cap 32.17%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
12
Residential units
Location Intelligence
Trade Area within ½ mile
7,226
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Built in 2004, the property offers separate utilities for every apartment and a balanced one- and two-bedroom unit mix.
Where is this apartment building located?
The property is located at 30-74-76 30th Street Astoria Ny, NY.
What is the asking price?
The asking price for this property is $3,595,000.
What are key features of this property?
This property features: 12‑unit multifamily building constructed in 2004; 6,637 square feet of building area; Unit mix includes 8 one‑bedroom and 4 two‑bedroom apartments
