Six-Unit Apartment
For Sale
$1,900,000
34-17 11th Street, Astoria, NY 11106
Brick construction, a full basement, and a dedicated laundry room serve the building’s residential layout.
Property Size4,242 SF
Price / SF$447.90
Days on Market83
Property Features for 34-17 11th Street
General Information
Standard status
Active
Size
4,242 SF
Property subtype
Commercial
Zoning
R5
Units
Unit Mix
6 x 2BR
Multifamily Units
6
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$14,135
Amenities
laundry room
Building Details
Building Size
4,242 SF
Year Built
1931
Units
6
Construction
brick
Listing Agency:
Winzone Realty Inc
Listed By:
Henry A. Toro · License #1034034
(718) 899-7000
Source:
Croninreale
Added: Aug 3
Changed: Oct 23
Last Checked: Oct 23 at 4:33PM
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 Winzone Realty Inc
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Investment Insights
Based on property information with market context.
Built in 1931, this 4,242-square-foot brick apartment property contains six apartments, each with two bedrooms. The building includes a full basement and a laundry room. A new gas boiler and water tank are among its building systems. The property is being sold as is.
Five apartments are to be delivered vacant; one will remain rent-controlled. The zoning designation is R5.
Five apartments are to be delivered vacant; one will remain rent-controlled. The zoning designation is R5.
Key Highlights
- Six apartments, each with two bedrooms
- 4,242 square feet; built in 1931
- Five apartments to be delivered vacant; one remains rent‑controlled
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$103,693
Cap Rate
5.46%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,073,860
$2.1M
Cap Rate 7%
$1,481,329
$1.5M
Cap Rate 9%
$1,152,144
$1.2M
Market Conditions
NOI Build-Up for 4,242 SF
Gross rent
$196.0K $46.20/SF
− Vacancy
−$7.4K −$1.76/SF
EGI
$188.5K $44.44/SF
− OpEx
−$84.8K −$20.00/SF
NOI
$103.7K $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%
$2,073,860
Cap Rate 7%
$1,481,329
Cap Rate 9%
$1,152,144
Alternative Uses
Best Use
Apartment 5plus
$1.48M
$1.30M – $1.73M
NOI $103,693 @ 7.0% cap · market cap 5.46%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.13M
$2.74M – $3.65M
NOI $218,908 @ 7.0% cap · market cap 11.52%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
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Open Analytics
Lease Details
6
Residential units
Location Intelligence
Trade Area within ½ mile
3,835
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
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Apartment building - Brick construction, a full basement, and a dedicated laundry room serve the building’s residential layout.
Where is this apartment building located?
The property is located at 34-17 11th Street Astoria, NY.
What is the asking price?
The asking price for this property is $1,900,000.
What are key features of this property?
This property features: Six apartments, each with two bedrooms; 4,242 square feet; built in 1931; Five apartments to be delivered vacant; one remains rent‑controlled
