Astoria Religious Community Development
32-71 & 32-73 41st St Religious Community Development Portfolio, Astoria, NY 11103
Commercial Building, Elevator - Astoria, NY
Property size:
19,000 SFLot size:
0.25 AcresPrice / SF:
$500/SF- Added:
- Jan 15, 2026
- Days on Market:
- 156
- Last Refresh:
- Jun 20 at 7:06 pm
Property Features for 32-71 & 32-73 41st St Religious Community Development Portfolio
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- 200
- Bathrooms
- 7
- Rooms
- Basement, Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Bathroom 5, Kitchen
- Parking features
- Garage
- Basement Y/N
- 1
- Standard status
- Active
- APN
- 00677-0009
- Size
- 19,000 SF
- Lot size
- 0.25 Acres
Taxes and HOA fees
- Tax Annual Amount
- 0
Utilities
- Cooling system
- Central Air
Building Details
- Year built
- 1931
- Year renovated
- 1931
- Floors in Building
- 3
- Architectural style
- Other
Listing agent Chong Hong (718) 961-8801
Listing office HANMI REALTY 37 17 UNION ST, FLUSHING, NY (718) 961-8801
Listing date Jan 15, 2026
MLS# 11637589
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
- Significant versatile investment opportunity in a qualified federal, New York City community development tax opportunity zone.
- Three attached commercial buildings totaling approximately 27,000 sq ft on approximately 11,000 sq ft of land, offering substantial space and potential.
- Prime location in Long Island City/South Astoria, with 110 feet of commercial street frontage and high visibility, near major transportation.
- Main house of worship building features a large chapel, fellowship area, gymnasium, classrooms, and a full finished cellar.
- Multiple potential uses including house of worship, school, daycare, medical offices, or multi‑family apartments (subject to zoning and approvals).
- Religious property tax exemption and sprinkler systems in place.
Overview
This offering comprises three interconnected community facility and office buildings, totaling approximately 27,000 square feet across two lots with a combined area of around 11,000 square feet. The properties feature 110 feet of commercial street frontage. The main building, located at 32-71 41st Street, is a well-maintained concrete block and brick structure of approximately 13,000 square feet with elevator access. Major renovations were completed in 1980 and 1998. It includes a finished cellar of around 6,000 square feet with a fellowship area that can accommodate 260 people, a smaller chapel for 90 people, a kitchen, classrooms for 71 people, a mother's nursery, storage, and a boiler room. The ground floor, also around 6,000 square feet and wheelchair accessible, features a main chapel hall with wooden beam high ceilings for 408 people, a basketball gymnasium for 78 people, classrooms for 72 people, and storage rooms. An elevated chapel on the balcony provides space for lights, sound, and camera crew for up to 73 people. Additionally, there is an attached three-story vacant community and office building of approximately 6,000 square feet (2,000 square feet per floor with no cellar) and a third attached three-story vacant community and day care building of around 8,000 square feet (2,000 square feet per floor including the cellar) located at 32-73 41st street. The third floor has class and office rooms for 135 people. The zoning is R5. The building class is M1 Church, Synagogue, Chapel or Mosque. The property has sprinkler systems and a religious property tax exemption. Potential uses include a house of worship, seminary, school, day or adult care facility, non-profit organization, physical therapy center, medical offices, or multi-family apartments, subject to zoning and permit approvals. The location is near Northern Boulevard & Broadway in the Long Island City & South Astoria neighborhood, approximately 500 feet from the Steinway Street & 34th Avenue E, F, M, R subway lines. The properties are being delivered vacant and sold as one package.
Local Financial Insights For Office B
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 | $957.6k | $50.40 |
| − Vacancy | −$123.5k | −$6.50 |
| EGI | $834.1k | $43.90 |
| − OpEx | −$208.5k | −$10.97 |
| NOI | $625.6k | $32.92 |
19,000 SF · lease $50.40/SF/yr · vacancy 12.90% · expense 25.00%
Alternative Uses
Best Use
Office B
$8.94M
$7.82M – $10.43M
NOI $625,552 @ 7.0% cap · market cap 6.58%
Second Best
Healthcare Medical
$6.26M
$5.48M – $7.30M
NOI $438,102 @ 7.0% cap · market cap 4.61%
Theoretical Best
Office A
$14.01M
$12.26M – $16.34M
NOI $980,491 @ 7.0% cap · market cap 10.32%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Churches & religious facilities
Location Insight
- Map
- Local Demand
- City
- Astoria
- County
- Queens
- State
- New York
- Longitude
- -73.919355
- Latitude
- 40.756803
Nearby Similar for Sale
FAQs
What type of property is this?
Church & religious facility - Three commercial buildings totaling 27,000 SF in Astoria, NY.
Where is this church & religious facility located?
The property is located at 32-71 & 32-73 41st St Religious Community Development Portfolio Astoria, NY.
What is the asking price?
The asking price for this property is $9,500,000.
What are key features of this property?
This property features: Significant versatile investment opportunity in a qualified federal, New York City community development tax opportunity zone.; Three attached commercial buildings totaling approximately 27,000 sq ft on approximately 11,000 sq ft of land, offering substantial space and potential.; Prime location in Long Island City/South Astoria, with **110 feet of commercial street frontage and high visibility**, near major transportation.
