Three-Family Residential
For Sale
$1,600,000
34-31 31st Street, Astoria, NY 11106
Residential Income, Astoria, NY
Property Size2,300 SF
Lot Size0.03 Acres
Price / SF$695.65
Days on Market418
Property Features for 34-31 31st Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning description
Residential
Interior features
Walk-In Closet(s), Entrance Foyer
Subdivision
Astoria
Standard status
Active
APN
4006080016
Size
2,300 SF
Lot size
0.03 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
6415
Building Details
Year built
1920
Listing Agency:
Landair Property Advisors, LLC
(646) 559-4700
Listed By:
Dean Abouelhassan · License #10401372021
(516) 532-5385
Added: Aug 19, 2025
Changed: Oct 9
Last Checked: Oct 10 at 2:06PM
MLS# 12021591
Copyright © 2026 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Built in 1920, this three-family residential building contains 2,300 square feet on a 1,140-square-foot lot measuring 25 by 60 feet. The property is at 34-31 31st Street in Astoria, Queens.
Broadway and 36th Avenue N/W subway stations are each 0.2 miles away. The surrounding area includes active retail corridors and ongoing new development.
Broadway and 36th Avenue N/W subway stations are each 0.2 miles away. The surrounding area includes active retail corridors and ongoing new development.
Key Highlights
- Three‑family building with 2,300 square feet
- 1,140‑square‑foot lot measuring 25' x 60'
- Built in 1920
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$56,222
Cap Rate
3.51%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,124,440
$1.1M
Cap Rate 7%
$803,171
$803.2K
Cap Rate 9%
$624,689
$624.7K
Market Conditions
NOI Build-Up for 2,300 SF
Gross rent
$106.3K $46.20/SF
− Vacancy
−$4.0K −$1.76/SF
EGI
$102.2K $44.44/SF
− OpEx
−$46.0K −$20.00/SF
NOI
$56.2K $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%
$1,124,440
Cap Rate 7%
$803,171
Cap Rate 9%
$624,689
Alternative Uses
Best Use
Apartment 5plus
$803.2K
$702.8K – $937.0K
NOI $56,222 @ 7.0% cap · market cap 3.51%
Second Best
Multifamily LT 5
$543.8K
$475.9K – $634.5K
NOI $38,069 @ 7.0% cap · market cap 2.38%
Theoretical Best
Office A
$1.70M
$1.48M – $1.98M
NOI $118,691 @ 7.0% cap · market cap 7.42%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
6,856
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?
Triplex - Residents have access to two N/W subway stations within walking distance, with service to Manhattan.
Where is this triplex located?
The property is located at 34-31 31st Street Astoria, NY.
What is the asking price?
The asking price for this property is $1,600,000.
What are key features of this property?
This property features: Three‑family building with 2,300 square feet; 1,140‑square‑foot lot measuring 25' x 60'; Built in 1920
