Church and Community Facility
For Sale
Contact for pricing
32-71 41st St, Astoria, NY 11103
Includes worship, classroom, childcare, gymnasium, and residential components across multiple buildings.
Property Size21,730 SF
Price / SF$437.18
Days on Market259
Property Features for 32-71 41st St
General Information
Standard status
Active
Size
21,730 SF
Elevators
Yes
Property subtype
Multifamily, Office, Special Purpose
Zoning
Zoning C1-2 in R5
Site & Location
Road Access
Yes
Public Transit
Yes
Additional Details
Opportunity Zone
Yes
Sprinkler System
Yes
Building Details
Year Built
1931
Year Renovated
1998
Buildings
3
Stories
3
Listing Agency:
Hanmi Realty
Listed By:
John Chong Hong · License #37HO0334498
Source:
Crexi
Added: Jan 30
Changed: Oct 5
Last Checked: Oct 14 at 11:18PM
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 Hanmi Realty
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Investment Insights
Based on property information with market context.
This multi-building religious and community facility portfolio includes a worship building with a finished cellar, fellowship space, chapel areas, kitchen, classrooms, nursery, storage, boiler room, elevator, and basketball gymnasium. A separate three-story concrete block building provides additional classrooms and offices, along with a superintendent’s apartment. The two-family brick residence adds a full basement with an apartment, multiple bedrooms, bathrooms, and a private driveway.
The portfolio encompasses approximately 21,730 square feet across the commercial buildings and includes roughly 11,000 square feet of combined lot area, plus an adjacent residential lot of about 4,000 square feet. The property has 110 feet of commercial street frontage, sprinkler systems, and multiple entrances with wheelchair-accessible ground-floor areas. Located near Northern Boulevard, Broadway, Steinway Street subway service, Q101 and Q104 bus stops, and the Ed Koch Queensboro Bridge, the properties will be delivered vacant at closing as one package.
The portfolio encompasses approximately 21,730 square feet across the commercial buildings and includes roughly 11,000 square feet of combined lot area, plus an adjacent residential lot of about 4,000 square feet. The property has 110 feet of commercial street frontage, sprinkler systems, and multiple entrances with wheelchair-accessible ground-floor areas. Located near Northern Boulevard, Broadway, Steinway Street subway service, Q101 and Q104 bus stops, and the Ed Koch Queensboro Bridge, the properties will be delivered vacant at closing as one package.
Key Highlights
- Approximately 21,730 square feet across two commercial buildings
- 110 feet of commercial street frontage with sign visibility
- Worship building includes chapels, fellowship space, classrooms, kitchen, gymnasium, elevator, and finished cellar
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$531,177
Cap Rate
5.59%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$10,623,540
$10.6M
Cap Rate 7%
$7,588,243
$7.6M
Cap Rate 9%
$5,901,967
$5.9M
Market Conditions
NOI Build-Up for 21,730 SF
Gross rent
$1.00M $46.20/SF
− Vacancy
−$38.1K −$1.76/SF
EGI
$965.8K $44.44/SF
− OpEx
−$434.6K −$20.00/SF
NOI
$531.2K $24.44/SF
Area
Queens County, NY
Vacancy
3.80%
Lease Rate
$46.20 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$10,623,540
Cap Rate 7%
$7,588,243
Cap Rate 9%
$5,901,967
Alternative Uses
Best Use
Apartment 5plus
$7.59M
$6.64M – $8.85M
NOI $531,177 @ 7.0% cap · market cap 5.59%
Second Best
Multifamily LT 5
$5.14M
$4.50M – $5.99M
NOI $359,667 @ 7.0% cap · market cap 3.79%
Theoretical Best
Office A
$16.02M
$14.02M – $18.69M
NOI $1,121,372 @ 7.0% cap · market cap 11.80%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Sprinkler system
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,465
Businesses Nearby
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Business Placement
Demographics for 11103, NY
37,362
Population
18,833
Households
2
Avg Household Size
36
Median Age
52%
College-Educated
89%
High-School Grad
0.7 sq mi
ZIP Area
53,374
Density / Sq Mi
$92,787
Median Household Income
$59,050
Median Earnings
$2,120
Median Rent
$1,003,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Church & religious facility - Includes worship, classroom, childcare, gymnasium, and residential components across multiple buildings.
Where is this church & religious facility located?
The property is located at 32-71 41st St 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: Approximately 21,730 square feet across two commercial buildings; 110 feet of commercial street frontage with sign visibility; Worship building includes chapels, fellowship space, classrooms, kitchen, gymnasium, elevator, and finished cellar
