Six-Unit Brick Apartment
For Sale
$1,799,000
429 27th Avenue, Astoria, NY 11102
Roofing, kitchens, bathrooms, and flooring have been renovated.
Property Size4,080 SF
Lot Size0.05 Acres
Price / SF$440.93
Days on Market198
Property Features for 429 27th Avenue
General Information
Standard status
Active
Size
4,080 SF
Lot size
0.05 Acres
Property subtype
Commercial
Zoning
R6
Additional Details
Multifamily Units
6
Taxes and HOA fees
Annual Taxes
$26,252
Building Details
Building Size
4,080 SF
Year Built
1931
Buildings
1
Stories
3
Units
6
Construction
brick
Listing Agency:
Vision Homes Real Estate LLC
(718) 480-1231
Listed By:
Avnish Kumar · License #10491209469
(917) 957-9969
Source:
Croninreale
Added: Apr 10
Changed: Oct 23
Last Checked: Oct 23 at 4:29PM
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 Vision Homes Real Estate LLC
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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 three-story brick apartment property at 429 27th Avenue in Astoria contains six residential units. Built in 1931, the building encompasses 4,080 square feet on a 0.046-acre parcel. Improvements include updated roofing, kitchens, bathrooms, and flooring.
The property is in Queens and carries R6 zoning. Its residential configuration and documented building improvements provide a clear overview of the asset’s physical and regulatory characteristics.
The property is in Queens and carries R6 zoning. Its residential configuration and documented building improvements provide a clear overview of the asset’s physical and regulatory characteristics.
Key Highlights
- Six residential units
- Three‑story brick construction
- 4,080 square feet on a 0.046‑acre lot
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$99,733
Cap Rate
5.54%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,994,660
$2.0M
Cap Rate 7%
$1,424,757
$1.4M
Cap Rate 9%
$1,108,144
$1.1M
Market Conditions
NOI Build-Up for 4,080 SF
Gross rent
$188.5K $46.20/SF
− Vacancy
−$7.2K −$1.76/SF
EGI
$181.3K $44.44/SF
− OpEx
−$81.6K −$20.00/SF
NOI
$99.7K $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%
$1,994,660
Cap Rate 7%
$1,424,757
Cap Rate 9%
$1,108,144
Alternative Uses
Best Use
Apartment 5plus
$1.42M
$1.25M – $1.66M
NOI $99,733 @ 7.0% cap · market cap 5.54%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.01M
$2.63M – $3.51M
NOI $210,548 @ 7.0% cap · market cap 11.70%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Lease Details
6
Residential units
Location Intelligence
Trade Area within ½ mile
2,646
Businesses Nearby
Explore this area
Business Placement
Demographics for 11102, NY
37,468
Population
19,431
Households
1.9
Avg Household Size
36
Median Age
58%
College-Educated
90%
High-School Grad
0.7 sq mi
ZIP Area
53,526
Density / Sq Mi
$102,996
Median Household Income
$70,557
Median Earnings
$2,248
Median Rent
$779,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Apartment building - Roofing, kitchens, bathrooms, and flooring have been renovated.
Where is this apartment building located?
The property is located at 429 27th Avenue Astoria, NY.
What is the asking price?
The asking price for this property is $1,799,000.
What are key features of this property?
This property features: Six residential units; Three‑story brick construction; 4,080 square feet on a 0.046‑acre lot
