Six-Unit Apartment
For Sale
$1,888,888
34-30 28th Street, Astoria, NY 11106
Three floors contain a mix of one- and two-bedroom apartments, with partial basement finish.
Property Size4,800 SF
Price / SF$393.52
Days on Market275
Property Features for 34-30 28th Street
General Information
Standard status
Active
Size
4,800 SF
Total Parking Spaces
3
Property subtype
Commercial
Zoning
R5
Units
Unit Mix
3 x 2BR/1BA, 3 x 1BR/1BA
Multifamily Units
6
Taxes and HOA fees
Annual Taxes
$21,305
Building Details
Building Size
4,800 SF
Year Built
1922
Buildings
1
Stories
3
Units
6
Listing Agency:
Winzone Realty Inc
(718) 899-7000
Listed By:
Eric Pang · License #10301219193
(516) 996-6881
Source:
Croninreale
Added: Jan 22
Changed: Oct 23
Last Checked: Oct 23 at 9:55AM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 4,800-square-foot apartment building dates to 1922 and contains six dwellings across three floors. Each floor has one two-bedroom apartment and one one-bedroom apartment, and each unit includes one bathroom. The basement is partially finished.
The property is zoned R5 and is located at 34-30 28th Street in Astoria, New York.
The property is zoned R5 and is located at 34-30 28th Street in Astoria, New York.
Key Highlights
- Six apartments across three floors
- Each floor has one one‑bedroom and one two‑bedroom apartment, each with one bathroom
- 4,800 square feet; built in 1922
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$117,333
Cap Rate
6.21%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,346,660
$2.3M
Cap Rate 7%
$1,676,186
$1.7M
Cap Rate 9%
$1,303,700
$1.3M
Market Conditions
NOI Build-Up for 4,800 SF
Gross rent
$221.8K $46.20/SF
− Vacancy
−$8.4K −$1.76/SF
EGI
$213.3K $44.44/SF
− OpEx
−$96.0K −$20.00/SF
NOI
$117.3K $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%
$2,346,660
Cap Rate 7%
$1,676,186
Cap Rate 9%
$1,303,700
Alternative Uses
Best Use
Apartment 5plus
$1.68M
$1.47M – $1.96M
NOI $117,333 @ 7.0% cap · market cap 6.21%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.54M
$3.10M – $4.13M
NOI $247,703 @ 7.0% cap · market cap 13.11%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
6
Residential units
Location Intelligence
Trade Area within ½ mile
2,590
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
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Apartment building - Three floors contain a mix of one- and two-bedroom apartments, with partial basement finish.
Where is this apartment building located?
The property is located at 34-30 28th Street Astoria, NY.
What is the asking price?
The asking price for this property is $1,888,888.
What are key features of this property?
This property features: Six apartments across three floors; Each floor has one one‑bedroom and one two‑bedroom apartment, each with one bathroom; 4,800 square feet; built in 1922
