6-Family Brick Apartment
For Sale
$1,550,000
34-35 33rd Street, Astoria, NY 11106
R5 zoning applies to this Astoria multifamily property.
Property Size3,660 SF
Lot Size0.06 Acres
Price / SF$423.50
Days on Market285
Property Features for 34-35 33rd Street
General Information
Standard status
Active
Size
3,660 SF
Total Parking Spaces
3
Lot size
0.06 Acres
Property subtype
Commercial
Zoning
R5
Additional Details
Multifamily Units
6
Taxes and HOA fees
Annual Taxes
$19,785
Building Details
Building Size
3,660 SF
Year Built
1924
Buildings
1
Stories
3
Units
6
Construction
brick
Listing Agency:
Compass Greater NY LLC
(516) 517-4751
Listed By:
Nicholas Colombos
(917) 453-9333
Source:
Croninreale
Added: Jan 12
Changed: Oct 23
Last Checked: Oct 23 at 9:50AM
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 Compass Greater NY LLC
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 brick apartment building in Astoria contains six family units within 3,660 square feet. Constructed in 1924, it occupies a 25-foot-by-97.5-foot lot and is zoned R5. The property is one of three buildings offered in the same vicinity.
Key Highlights
- Six‑family brick apartment building
- 3,660 square feet of building area
- 25' x 97.5' lot
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$89,467
Cap Rate
5.77%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,789,340
$1.8M
Cap Rate 7%
$1,278,100
$1.3M
Cap Rate 9%
$994,078
$994.1K
Market Conditions
NOI Build-Up for 3,660 SF
Gross rent
$169.1K $46.20/SF
− Vacancy
−$6.4K −$1.76/SF
EGI
$162.7K $44.44/SF
− OpEx
−$73.2K −$20.00/SF
NOI
$89.5K $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%
$1,789,340
Cap Rate 7%
$1,278,100
Cap Rate 9%
$994,078
Alternative Uses
Best Use
Apartment 5plus
$1.28M
$1.12M – $1.49M
NOI $89,467 @ 7.0% cap · market cap 5.77%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.70M
$2.36M – $3.15M
NOI $188,874 @ 7.0% cap · market cap 12.19%
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
2,563
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 - R5 zoning applies to this Astoria multifamily property.
Where is this apartment building located?
The property is located at 34-35 33rd Street Astoria, NY.
What is the asking price?
The asking price for this property is $1,550,000.
What are key features of this property?
This property features: Six‑family brick apartment building; 3,660 square feet of building area; 25' x 97.5' lot
