Astoria Multifamily Property for
For Sale
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32-80 30th St, Astoria, NY 11106
Four-story multifamily property in Astoria with eight residential units.
Property Size7,228 SF
Price / SF$498.06
Days on Market239
Property Features for 32-80 30th St
General Information
Standard status
Active
Size
7,228 SF
Class
A
Property subtype
Multifamily
Zoning
R5
Occupancy
100%
Net Operating Income
$207,690
Building Details
Year Built
1983
Buildings
1
Stories
4
Units
8
Listing Agency:
Safdie Realty Group
Listed By:
Roni Yaghoobzar · License #NY 10401324145
Source:
Crexi
Added: Feb 11
Changed: Oct 2
Last Checked: Oct 7 at 12:25PM
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 Safdie Realty Group
Investment Insights
Based on property information with market context.
Located in Astoria, New York, the property at 32-80 30th Street is a four-story multifamily walk-up building. The building has a brick exterior and contains 7,228 square feet of space. The property includes eight residential units, each featuring three bedrooms and one bathroom. The units have been renovated while retaining original architectural details. The property is located between Broadway and 34th Avenue, a few blocks from the Broadway Station, which provides access to the N and W train lines, and the Steinway Street Station, which provides access to the E, F, M, and R train lines, offering convenient access to Manhattan.
Key Highlights
- Convenient access to Manhattan via nearby Broadway (N, W trains) and Steinway Street (E, F, M, R trains) subway stations.
- Large, 4‑story brick multifamily building with 7,228 square feet of space.
- Consists of eight (8) residential units.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$176,684
Cap Rate
4.91%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,533,680
$3.5M
Cap Rate 7%
$2,524,057
$2.5M
Cap Rate 9%
$1,963,156
$2.0M
Market Conditions
NOI Build-Up for 7,228 SF
Gross rent
$333.9K $46.20/SF
− Vacancy
−$12.7K −$1.76/SF
EGI
$321.2K $44.44/SF
− OpEx
−$144.6K −$20.00/SF
NOI
$176.7K $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%
$3,533,680
Cap Rate 7%
$2,524,057
Cap Rate 9%
$1,963,156
Alternative Uses
Best Use
Apartment 5plus
$2.52M
$2.21M – $2.94M
NOI $176,684 @ 7.0% cap · market cap 4.91%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$5.33M
$4.66M – $6.22M
NOI $372,999 @ 7.0% cap · market cap 10.36%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
5,065
Businesses Nearby
Explore this area
Business Placement
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Apartment building - Four-story multifamily property in Astoria with eight residential units.
Where is this apartment building located?
The property is located at 32-80 30th St Astoria, NY.
What is the asking price?
The asking price for this property is $3,600,000.
What are key features of this property?
This property features: Convenient access to Manhattan via nearby Broadway (N, W trains) and Steinway Street (E, F, M, R trains) subway stations.; Large, 4‑story brick multifamily building with 7,228 square feet of space.; Consists of eight (8) residential units.
