34-32 33rd Street, Astoria, NY 11106
Six-unit building with rent-stabilized and free-market apartments, including washer-dryer amenities in three units.
- Added:
- Jun 9, 2026
- Days on Market:
- 14
- Last Refresh:
- Jun 20 at 8:08 am
Property Features for 34-32 33rd Street
General Information
- Standard status
- Active
- Size
- 4,560 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1926
Listing agent Sean Fopeano License #10401348819
Listing office Marcus & Millichap - Manhattan
Listing date Jun 9, 2026
Source Crexi
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All listing content including descriptions, pricing, images are the copyrighted material of Marcus & Millichap - Manhattan
HighLights
- Fully occupied six‑unit multifamily building in Astoria, Queens, NY
- Unit mix includes rent‑stabilized and free‑market apartments
- Washer/dryer amenities available in three of the six units
- On a 2,500 sq ft lot with R5 zoning and 1.5 FAR
- 6.5% current cap rate with pro forma potential to 6.7% cap rate
Overview
Located in Astoria, Queens, the building is presented as a turnkey rental asset with existing income streams. The current financing profile referenced in the remarks shows a 6.5% current cap rate, with pro forma upside targeting a 6.7% cap rate.
For buyers seeking residential income in a small, manageable footprint, this asset combines stabilized and market-rate components within the same building. In-unit washer-dryer availability across half of the units may support tenant satisfaction and day-to-day livability. With occupancy already in place at the time of sale, the building is structured for an operator or investor looking to assume operations with the existing tenant base.
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $210.7k | $46.20 |
| − Vacancy | −$8.0k | −$1.76 |
| EGI | $202.7k | $44.44 |
| − OpEx | −$91.2k | −$20.00 |
| NOI | $111.5k | $24.44 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Astoria
- County
- Queens
- State
- New York
- Longitude
- -73.905909
- Latitude
- 40.778685
