Renovated Six-Unit Apartment
For Sale
$1,799,000
429 27th Avenue, Astoria, NY 11102
Commercial Sale, Astoria, NY
Property Size4,080 SF
Lot Size0.05 Acres
Price / SF$440.93
Days on Market195
Property Features for 429 27th Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
R6
Rooms
Basement
Basement
Finished, Full
Directions
google.com
Standard status
Active
APN
00909-0059
Lot size
0.05 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
26252
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating), Natural Gas
Cooling system
Window Unit(s), Wall/Window Unit(s), Ductless
Water source
Public
Building Details
Year built
1931
Number of units
6
Building materials
Brick
Listing Agency:
Vision Homes Real Estate LLC
(718) 480-1231
Listed By:
Avnish Kumar
(917) 957-9969
Added: Apr 10
Changed: Oct 20
Last Checked: Oct 21 at 3:06PM
MLS# 983529
Copyright © 2026 OneKey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This three-story brick apartment property at 429 27th Avenue contains 4,080 square feet and was built in 1931. The building includes six residential units, a basement, and recent improvements such as new roofing, kitchens, bathrooms, and flooring. Heating is provided through natural gas and electric systems, while cooling includes wall or window units and ductless equipment.
The property occupies a 0.0459-acre lot in Astoria, Queens, with public water and public sewer service. R6 zoning is identified for the site. Its address is 429 27th Avenue, Astoria, NY 11102.
The property occupies a 0.0459-acre lot in Astoria, Queens, with public water and public sewer service. R6 zoning is identified for the site. Its address is 429 27th Avenue, Astoria, NY 11102.
Key Highlights
- Six residential units in a three‑story apartment building
- 4,080 square feet on a 0.0459‑acre lot
- Brick construction completed in 1931
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
Who owns this building?
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Open Analytics
Lease Details
6
Residential units
Location Intelligence
Trade Area within ½ mile
2,646
Businesses Nearby
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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
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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 - Three-story brick construction combines updated kitchens, bathrooms, flooring, and roofing with a six-unit residential layout.
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 in a three‑story apartment building; 4,080 square feet on a 0.0459‑acre lot; Brick construction completed in 1931
