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    Six-Unit Brick Multifamily Building Title is generated by Realmo AI

    31-51 35th Street, Astoria, NY 11106

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    Claim this Listing
    For Sale
    $1,550,000

    Multi-Unit (5+) - Astoria, NY

    Property size:
    5,000 SF
    Price / SF:
    $310/SF
    Added:
    Mar 13, 2026
    Days on Market:
    88
    Last Refresh:
    Jun 8 at 9:06 pm

    Property Features for 31-51 35th Street

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Bathrooms
    6
    Rooms
    Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Bathroom 5
    Parking features
    Garage
    Standard status
    Active

    Taxes and HOA fees

    Tax Annual Amount
    0

    Building Details

    Year built
    1925
    Year renovated
    1925
    Floors in Building
    3
    Building materials
    Stone
    Architectural style
    Other

    We can help!

    Listing Contact
    Anthony Carollo
    Anthony Carollo

    Listing agent Anthony Carollo

    Listing office REALTY ONE GROUP DYNASTY 11-05 154 St, WHITESTONE, NY

    Listing date Mar 13, 2026

    MLS# 11673167 Listing URL

    Copyright © 2026 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • 6‑unit attached multi‑family building in Astoria, Queens
    • Approximately 5,000 SF of total living space
    • Year built: 1925
    • Each unit features 2 bedrooms and 1 full bathroom
    • Garage parking on‑site
    • Construction materials include stone

    Overview

    This attached brick multifamily building contains six residential units. Each unit is configured with two bedrooms and one full bath, with high ceilings and natural light. The property is offered for sale as a classic multifamily structure suitable for an owner looking for a straightforward, repeatable unit mix.

    The building is located in Astoria, Queens, on a tree-lined residential street. It is described as being moments from shops, public transportation, and restaurants, which may support tenant convenience and everyday walkability.

    For prospective buyers, the uniform two-bedroom, one-bath layout across all six units can simplify operations and leasing. The building’s attached brick design and consistent interior configuration provide a practical basis for managing a multi-unit residential property in a market that is characterized in the remarks as having consistently strong rental demand.

    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 $231.0k $46.20
    − Vacancy −$8.8k −$1.76
    EGI $222.2k $44.44
    − OpEx −$100.0k −$20.00
    NOI $122.2k $24.44
    5,000 SF · lease $46.20/SF/yr · vacancy 3.80% · expense 45.00%

    Alternative Uses

    Best Use
    Apartment 5plus
    $1.75M
    $1.53M – $2.04M (±1% cap)
    NOI $122,222 @ 7.0% cap · market cap 7.89%
    Second Best
    no second resolved use
    Theoretical Best
    Office A
    $3.69M
    $3.23M – $4.30M (±1% cap)
    NOI $258,024 @ 7.0% cap · market cap 16.65%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Gym & Fitness Center Grocery & Convenience Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Astoria
    County
    Queens
    State
    New York
    Longitude
    -73.921129
    Latitude
    40.761423

    FAQs

    What type of property is this?
    Apartment building - Attached brick six-unit building with all 2-bedroom layouts, offering a consistent residential configuration for ownership.
    Where is this apartment building located?
    The property is located at 31-51 35th Street 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: 6‑unit attached multi‑family building in Astoria, Queens; Approximately 5,000 SF of total living space; Year built: 1925
    More about this property
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