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6-Unit Apartment Building

44-05 28th Avenue, Astoria, NY 11103

For Sale
$1,389,000
Pending

Three floors of apartments are complemented by a partially finished full basement, backyard, and side alley.

Property SizeContact for details
Lot Size0.05 Acres
Days on Market61

Property Features for 44-05 28th Avenue

General Information

Standard status Pending
Lot size 0.05 Acres
Property subtype Commercial
Zoning R5

Financials

Cap Rate 7%
Gross Income $134,820

Units

Unit Mix 4 x One-Bedroom, 2 x Two-Bedroom
Multifamily Units 6

Additional Details

Public Transit Yes

Taxes and HOA fees

Annual Taxes $19,373

Amenities

Backyard
Side alley
Natural Gas Heating

Building Details

Year Built 1928
Buildings 1
Stories 3
Listing Agency: CARMELA HOMES CORP
Listed By: CARMELA VLACICH · License NY #1051047
Source: Corcoran
Added: Sep 15 Changed: Nov 12 Last Checked: Nov 12 at 7:15AM

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 CARMELA HOMES CORP

Rey
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Investment Insights

Based on property information with market context.

Built in 1928, this three-story apartment property contains six homes: four one-bedroom units and two two-bedroom units. The full basement is partially finished, and the exterior includes a backyard and side alley. The building measures 21 x 70, on a 26 x 90 lot, and carries R5 zoning. The stated cap rate is 7%.

The property is at 44-05 28th Avenue in Astoria. The R/M station is a 10-minute walk away, while the N/W trains are also within walking distance. Nearby transportation options include bus lines and Citi Bike stations.

Key Highlights

  • Six apartments: four one‑bedroom units and two two‑bedroom units
  • 7% cap rate
  • 21 x 70 building on a 26 x 90 lot

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Lease Details

6
Residential units

Location Intelligence

Trade Area within ½ mile

4,029
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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Properties on Market for Apartment buildings in Astoria

Jul
Aug
Sep
Oct

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025

Frequently Asked Questions

What type of property is this?
Apartment building - Three floors of apartments are complemented by a partially finished full basement, backyard, and side alley.
Where is this apartment building located?
The property is located at 44-05 28th Avenue Astoria, NY.
What is the asking price?
The asking price for this property is $1,389,000.
What are key features of this property?
This property features: Six apartments: four one‑bedroom units and two two‑bedroom units; 7% cap rate; 21 x 70 building on a 26 x 90 lot
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