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3-Story Rent-Stabilized Walkup
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31-40 35th Street, Astoria, NY 11106

Three-story walkup with six rent-stabilized units, providing a straightforward residential income setup for buyers.

Property Size5,600 SF
Days on Market58

Property Features for 31-40 35th Street

General Information

Standard status Active
Size 5,600 SF
Property subtype Multifamily
Zoning R6B
Occupancy 83%
Investment Type Stabilized
Net Operating Income $44,883

Additional Details

Multifamily Units 6

Building Details

Year Built 1925
Buildings 1
Stories 3
Units 6
Tenancy Multi
Listing Agency: Colliers - New York, New York
Listed By: Matt Mastrocola · License #10401387685
Source: Crexi
Added: Jun 16 Changed: Aug 8 Last Checked: Aug 12 at 9:01AM

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 Colliers - New York, New York

Investment Insights

Based on property information with market context.

This 3-story Tax Class 2A protected walkup contains 5,600 square feet and offers 6 residential units. All units are rent stabilized, creating a consistent residential configuration within a classic, low-rise walkup building format.

The property is located in Astoria, one of Queens’ well-regarded rental markets, characterized by a dense mix of pre-war walk-ups and low-rise brick apartments. The area includes well-established retail corridors along Broadway and Steinway Street, along with nearby amenities such as Sean’s Place Park and the Queens Public Library. Transit access is also a notable benefit, with the E, F, M, R, N, and W subway lines and the Q18, Q101, and Q104 bus routes providing connectivity throughout New York City.

With 6 rent-stabilized apartments, this building is well suited for buyers seeking multifamily residential income in a walkup style property. The current occupancy level is noted as 83%, which may support a buyer’s immediate operating timeline. For owner-users and investors evaluating rent-stabilized product, the building’s unit count and protected walkup structure provide a clear, manageable size for ongoing residential operations.

Key Highlights

  • Built in 1925: 3‑story, protected walkup with 6 residential units
  • Total building size: 5,600 SF (Tax Class 2A)
  • All 6 units are rent stabilized

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Nursing Home Pet Grooming Service (Bike/Boat/Book/etc) Store Adult Day Care Garden Center Clothing & Fashion Store

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

6
Residential units

Location Intelligence

Trade Area within ½ mile

8,159
Businesses Nearby

Demographics for 11106, NY

41,722
Population
21,681
Households
1.9
Avg Household Size
37
Median Age
52%
College-Educated
89%
High-School Grad
0.9 sq mi
ZIP Area
46,358
Density / Sq Mi
$85,573
Median Household Income
$62,254
Median Earnings
$2,032
Median Rent
$639,200
Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

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

What type of property is this?
Apartment building - Three-story walkup with six rent-stabilized units, providing a straightforward residential income setup for buyers.
Where is this apartment building located?
The property is located at 31-40 35th Street Astoria, NY.
What are key features of this property?
This property features: Built in 1925: 3‑story, protected walkup with 6 residential units; Total building size: 5,600 SF (Tax Class 2A); All 6 units are rent stabilized
More about this property
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