Renovated Six-Unit Apartment
New
For Sale
$3,775,000
34-44 32nd Street, Astoria, NY 11106
All residences include in-unit laundry, and two are configured as duplexes.
Property Size5,297 SF
Days on Market4
Property Features for 34-44 32nd Street
General Information
Standard status
Active
Size
5,297 SF
Elevators
No
Property subtype
Multifamily
Occupancy
100%
Units
Unit Mix
2 x duplex
Multifamily Units
6
Additional Details
Tenant in Place
Yes
Amenities
washer & dryer
34-44 32nd Street is a 6-unit, free-market walk-up multifamily building in Astoria, Queens, spanning 5,297 SF.
100% Free Market | Tax Class: 2A | Zoning: R5
Set on 32nd Street between 34th and 35th Avenues, the property is a short walk to the 36th Avenue N/W station for a quick commute to Midtown Manhattan.
Building Details
Building Size
5,297 SF
Year Renovated
2022
Buildings
1
Units
6
Listing Agency:
New York City Office
Listed By:
Shaun Riney · License #License(s): NY: 10491208207, NY: 10301215754
(718) 475-4369
Source:
Marcusmillichap
Added: Oct 28
Last Checked: Oct 30 at 10:33AM
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 New York City Office
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 six-unit walk-up apartment building received a complete renovation in 2022, including new building-wide and in-unit systems. Each residence has a washer and dryer, while Units 1A and 1B are duplexes. All six apartments are occupied and free-market.
A DHCR Order and Determination issued in March 2024 confirms the building’s exemption from rent stabilization based on substantial rehabilitation.
A DHCR Order and Determination issued in March 2024 confirms the building’s exemption from rent stabilization based on substantial rehabilitation.
Key Highlights
- Six‑unit walk‑up apartment building
- Completely renovated in 2022 with new building‑wide and in‑unit systems
- All six units are occupied and free‑market
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$129,482
Cap Rate
3.43%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,589,640
$2.6M
Cap Rate 7%
$1,849,743
$1.8M
Cap Rate 9%
$1,438,689
$1.4M
Market Conditions
NOI Build-Up for 5,297 SF
Gross rent
$244.7K $46.20/SF
− Vacancy
−$9.3K −$1.76/SF
EGI
$235.4K $44.44/SF
− OpEx
−$105.9K −$20.00/SF
NOI
$129.5K $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%
$2,589,640
Cap Rate 7%
$1,849,743
Cap Rate 9%
$1,438,689
Alternative Uses
Best Use
Apartment 5plus
$1.85M
$1.62M – $2.16M
NOI $129,482 @ 7.0% cap · market cap 3.43%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.91M
$3.42M – $4.56M
NOI $273,351 @ 7.0% cap · market cap 7.24%
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
100%
Occupancy
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
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Apartment building - All residences include in-unit laundry, and two are configured as duplexes.
Where is this apartment building located?
The property is located at 34-44 32nd Street Astoria, NY.
What is the asking price?
The asking price for this property is $3,775,000.
What are key features of this property?
This property features: Six‑unit walk‑up apartment building; Completely renovated in 2022 with new building‑wide and in‑unit systems; All six units are occupied and free‑market
