Six-Unit Walk-Up Apartment
36-25 30th Street, Long Island City, NY 11106
For Sale
$1,299,000
The six apartments are one-bedroom units, with one currently vacant and heat and hot water included in all rentals.
Property Size3,645 SF
Price / SF$356.38
Days on Market23
Property Features for 36-25 30th Street
General Information
Standard status
Size
Elevators
Property subtype
Units
Unit Mix
Multifamily Units
Additional Details
Public Transit
Tenant in Place
Building Details
Year Built
Buildings
Listing Agency:
Daniel Gale Sothebys Intl Rlty
(718) 650-5855
Listed By:
Evangelia Boudourakis · License #10301223767
(917) 751-6700
Source:
Neilcharlesrealestate
Added: Oct 16
Changed: Nov 7
Last Checked: Nov 7 at 9:27AM
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 Daniel Gale Sothebys Intl Rlty
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1921 walk-up apartment building contains six one-bedroom units across 3,645 square feet. One apartment is vacant. Some units have updated flooring, lighting, and appliances, while select layouts include windowed eat-in kitchen and living areas, cabinet space, and closets. Heat and hot water are included in all rentals.
The property is at 36-25 30th Street in Long Island City, one block from shops, restaurants, and the N/W 36th Avenue Subway Station. The listing describes a two-stop subway trip to Manhattan.
The property is at 36-25 30th Street in Long Island City, one block from shops, restaurants, and the N/W 36th Avenue Subway Station. The listing describes a two-stop subway trip to Manhattan.
Key Highlights
- Six one‑bedroom apartments in a walk‑up building
- 3,645 square feet; built in 1921
- One apartment currently vacant
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$89,100
Cap Rate
6.86%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,782,000
$1.8M
Cap Rate 7%
$1,272,857
$1.3M
Cap Rate 9%
$990,000
$990.0K
Market Conditions
NOI Build-Up for 3,645 SF
Gross rent
$168.4K $46.20/SF
− Vacancy
−$6.4K −$1.76/SF
EGI
$162.0K $44.44/SF
− OpEx
−$72.9K −$20.00/SF
NOI
$89.1K $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%
$1,782,000
Cap Rate 7%
$1,272,857
Cap Rate 9%
$990,000
Alternative Uses
Best Use
Apartment 5plus
$1.27M
$1.11M – $1.49M
NOI $89,100 @ 7.0% cap · market cap 6.86%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.69M
$2.35M – $3.13M
NOI $188,099 @ 7.0% cap · market cap 14.48%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
6
Residential units
Location Intelligence
Trade Area within ½ mile
5,065
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
Market
Properties on Market for Apartment buildings in Long Island City
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Apartment building - The six apartments are one-bedroom units, with one currently vacant and heat and hot water included in all rentals.
Where is this apartment building located?
The property is located at 36-25 30th Street Long Island City, NY.
What is the asking price?
The asking price for this property is $1,299,000.
What are key features of this property?
This property features: Six one‑bedroom apartments in a walk‑up building; 3,645 square feet; built in 1921; One apartment currently vacant
