Astoria Legal 6-Family
30-89 43rd Street Astoria, NY 11103
30-89 43rd Street, Astoria, NY, 11103
$1,698,000
For Sale
$1,698,000
Well-maintained, fully occupied 6-family property in prime Astoria location.
Property Size2,100 SF
Lot Size0.06 Acres
Price / SF$808.57
Days on Market464
Property Features for 30-89 43rd Street
General Information
- Standard status
- Active
- Size
- 2,100 SF
- Lot size
- 0.06 Acres
- Property subtype
- Commercial/Industrial
Building Details
- Year Built
- 1928
Listing Agency
Realty Executives Today
(718) 274-2400
Listed by
Evangelia Kontis · License #40KO0714449
Source
Exitrealty
Added: Apr 11, 2025 Checked: Jul 17 at 4:54 am
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 Realty Executives Today
Investment Insights
Based on property information with market context.
This is a legal 6-family building located in Astoria. The property features six 2-bedroom, 1-bathroom units. All units are spacious and well-laid-out. The building is well-maintained and in excellent condition. The lot size is 28x100, and the building size is 28x75. The zoning is R5. The property has a full basement. It is ideally situated near top-rated schools, shopping, dining, and multiple transportation options. All units are rent-stabilized and home to reliable tenants. This property is suitable for investors looking for a low-maintenance, income-generating asset in a high-demand rental market.
Key Highlights
- Legal 6‑family building in prime Astoria location
- Six spacious 2‑bedroom / 1‑bathroom units
- All units are rent‑stabilized with reliable tenants
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 | $97.0k | $46.20 |
| − Vacancy | −$3.7k | −$1.76 |
| EGI | $93.3k | $44.44 |
| − OpEx | −$42.0k | −$20.00 |
| NOI | $51.3k | $24.44 |
2,100 SF · lease $46.20/SF/yr · vacancy 3.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$733.3K
$641.7K – $855.6K
NOI $51,333 @ 7.0% cap · market cap 3.02%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.55M
$1.35M – $1.81M
NOI $108,370 @ 7.0% cap · market cap 6.38%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Apartment building - Well-maintained, fully occupied 6-family property in prime Astoria location.
Where is this apartment building located?
The property is located at 30-89 43rd Street Astoria, NY.
What is the asking price?
The asking price for this property is $1,698,000.
What are key features of this property?
This property features: Legal 6‑family building in prime Astoria location; Six spacious 2‑bedroom / 1‑bathroom units; All units are rent‑stabilized with reliable tenants
