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    32-87 38Th St Astoria, NY 11103

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    For Sale
    $1,788,000

    Three-unit property in Astoria near transportation and cultural district.

    Lot size:
    0.06 Acres

    Property Features for 32-87 38Th St

    General Information

    Lot size
    0.06 Acres
    Exterior features
    1, : "Flat", "2": "Pitched"
    Interior features
    1, : "A/C Unit - Wall", "2": "A/C Unit - Window", "3": "Steam/Radiator", "4": "Gas", "5": "microwave", "6": "refrigerator", "7": "stove"

    Building Details

    Year built
    1920

    Source: RE/MAX Edge Agent RE/MAX Edge

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Astoria Multi-Family Investment Opportunity

    This investor-friendly three-family brick home is located on the Astoria/Long Island City border. The property is situated on a 25' x 100' lot and features a total of 5 bedrooms across the 3 rental units. One unit is currently vacant, with potential for full vacancy. The property is zoned R5 with a Floor Area Ratio of 1.05, with a maximum of 1.25, offering potential for minor expansion. The building includes hardwood and tile flooring, gas heat with a radiator system, a partially finished basement, and a fenced backyard with patio. The property is located near Northern Boulevard, Steinway Street, the M and R subway lines, and the Kaufman Arts District. This property offers long-term upside in a high-demand area and is ideal for investors or owner-occupants seeking rental income and flexibility.
    Location Intelligence

    Current Use by Public Records

    Triplexes

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Astoria
    County
    Queens
    State
    New York
    Longitude
    -73.901415
    Latitude
    40.778098

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    FAQs

    What type of property is this?
    Triplex - Three-unit property in Astoria near transportation and cultural district.
    Where is this triplex located?
    The property is located at 32-87 38Th St Astoria, NY.
    What is the asking price?
    The asking price for this property is $1,788,000.
    What are key features of this property?
    This property features: - Prime Astoria/Long Island City location near Northern Boulevard, Steinway Street, M and R subway lines, and the Kaufman Arts District.; - Investor-friendly 3-family brick home with strong rental income potential.; - One vacant unit offers immediate income opportunity or owner-occupancy option.
    Request Owner's contact information
    32-87 38Th St Astoria, NY 11103
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    Astoria, NY 11103
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    32-87 38Th St Astoria, NY 11103
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