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Mixed-Use Corner Brick Building
For Sale
$3,200,000

4229 Newtown Rd, Astoria, NY 11103

Ground-floor commercial units paired with four residential apartments make this corner brick building a versatile mixed-use asset.

Property SizeContact for details
Lot Size0.16 Acres
Days on Market433

Property Features for 4229 Newtown Rd

General Information

Standard status Active
Lot size 0.16 Acres
Zoning R5- with C1-2 Overlay

Additional Details

Multifamily Units 4
Listing Agency: Golden One Realty Group LLC
Listed By: Alina Yukhtman · License #10491212763
Source: Exprealty
Added: Jun 4, 2025 Changed: Jul 10 Last Checked: Aug 10 at 8:55AM

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 Golden One Realty Group LLC

Investment Insights

Based on property information with market context.

This mixed-use brick corner building includes two commercial units on the ground floor and four residential units. The residential component consists of two two-bedroom, one-bath apartments and two one-bedroom, one-bath apartments. The property is situated on a 101 x 66 lot.

The building is in Astoria and benefits from nearby transit access, described as a few short blocks to subway lines R, F, E, N and W. The property is noted as being in the heart of Astoria, with retail space nearby. Zoning is listed as R5 with a C1-2 overlay.

For buyers or operators seeking a combined income stream, the layout provides both street-level commercial space and residential units within the same asset. Two commercial units on the ground floor can support storefront-style tenancy, while the four apartments offer additional dwelling count within the building. Interested parties can request a rent roll and expense information for review.

Key Highlights

  • Corner brick mixed‑use building with 2 commercial units and 4 residential units in Astoria
  • Ground floor features 2 commercial units plus 2 two‑bedroom, 1‑bath apartments
  • Additional residential units include 2 one‑bedroom, 1‑bath apartments

Property Analytics

Current Use

Quadplexes

Suggested Use

Top Pick Parking Lot & Garage Law Firm Nursing Home Garden Center Pet Grooming Service Hotel & Motel

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

4
Residential units

Location Intelligence

Trade Area within ½ mile

7,213
Businesses Nearby

Demographics for 11103, NY

37,362
Population
18,833
Households
2
Avg Household Size
36
Median Age
52%
College-Educated
89%
High-School Grad
0.7 sq mi
ZIP Area
53,374
Density / Sq Mi
$92,787
Median Household Income
$59,050
Median Earnings
$2,120
Median Rent
$1,003,500
Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
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Frequently Asked Questions

What type of property is this?
Quadplex - Ground-floor commercial units paired with four residential apartments make this corner brick building a versatile mixed-use asset.
Where is this quadplex located?
The property is located at 4229 Newtown Rd Astoria, NY.
What is the asking price?
The asking price for this property is $3,200,000.
What are key features of this property?
This property features: Corner brick mixed‑use building with 2 commercial units and 4 residential units in Astoria; Ground floor features 2 commercial units plus 2 two‑bedroom, 1‑bath apartments; Additional residential units include 2 one‑bedroom, 1‑bath apartments
More about this property
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