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Six-Unit Rent-Stabilized Apartment Building
For Sale
Contact for pricing
Pending

32-73 48TH ST, Astoria, NY 11103

Six three-bedroom apartments with one bath per unit and a full basement for additional utility space.

Property SizeContact for details
Days on Market147

Property Features for 32-73 48TH ST

General Information

Standard status Pending
Property subtype Mixed Use
Net Operating Income $116,915

Financials

Asking Price $1,998,888
Gross Income $146,815

Units

Unit Mix 6 x 3BR/1BA
Multifamily Units 6
Listing Agency: LOMBARDO HOMES & ESTATES
Listed By: Joseph Lombardo · License #10311204851
Source: Crexi
Added: Apr 11 Changed: Sep 2 Last Checked: Aug 31 at 9:29PM

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 LOMBARDO HOMES & ESTATES

Investment Insights

Based on property information with market context.

This six-unit apartment building contains three-bedroom, one-bath residences throughout. Each apartment is rent stabilized, providing a consistent regulatory structure across the property. The building also includes a full basement that can accommodate laundry functions or be considered for additional unit use, subject to applicable approvals.

Located at 32-73 48TH ST in Astoria, NY 11103, the property combines a six-apartment configuration with basement space that expands its functional layout. Unit-level rent information and operating expenses are provided in the property records but are not summarized here.

Key Highlights

  • Six rent‑stabilized apartment units
  • All apartments feature three bedrooms and one bath
  • Full basement with potential for laundry or another unit, subject to approvals

Property Analytics

Current Use

Melissa Breau, Freelancer Marketing & Advertising

Suggested Use

Top Pick Building Supply Law Firm Auto Parts Store Big Box & Wholesale Store Dental Office Spa & Massage Center

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

1,377
Businesses Nearby

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

Market

Vacancy Rate% for Multifamily in Northeast region

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

What type of property is this?
Apartment building - Six three-bedroom apartments with one bath per unit and a full basement for additional utility space.
Where is this apartment building located?
The property is located at 32-73 48TH ST Astoria, NY.
What are key features of this property?
This property features: Six rent‑stabilized apartment units; All apartments feature three bedrooms and one bath; Full basement with potential for laundry or another unit, subject to approvals
(516) 200-6448 Call to check price and availability
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