Two-Unit Mixed-Use
New
For Sale
$1,738,000
4509 28th Avenue, Astoria, NY 11103
Residential Income, Astoria, NY
Property Size2,600 SF
Lot Size0.04 Acres
Price / SF$668.46
Days on Market3
Property Features for 4509 28th Avenue
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Bedrooms
6
Bathrooms
3
Full bathrooms
3
Rooms
Bathroom 1, Bathroom 3, Basement, Bedroom 5, Bedroom 1, Bathroom 2, Bedroom 4, Bedroom 3, Bedroom 2, Bedroom 6
Parking features
On Street
Interior features
Built-in Features, High Ceilings
Basement
Walk-Out Access, Full, Partially Finished
Elementary school
Ps 70
Middle school
Is 10 Horace Greeley
High school
William Cullen Bryant High School
Elementary school district
Queens 30
Middle school district
Queens 30
High school district
Queens 30
Standard status
Active
APN
00716-0006
Lot size
0.04 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
9500
Utilities
Sewer type
Public Sewer
Heating system
Baseboard
Cooling system
Wall/Window Unit(s), Window Unit(s)
Water source
Public
Building Details
Year built
1928
Number of units
3
Flooring type
Hardwood
Building materials
Brick
Listing Agency:
EXP Realty
(888) 276-0630
Listed By:
Xingye Fu
(516) 336-9417
Added: Oct 12
Changed: Oct 14
Last Checked: Oct 14 at 9:06AM
MLS# 1062306
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.
Investment Insights
Based on property information with market context.
This brick mixed-use building contains two apartments on the upper floor and ground-floor commercial space configured as an attorney’s office. The apartments comprise one two-bedroom, one-bathroom unit and one one-bedroom, one-bathroom unit. Approximately 2,600 square feet of interior space sits on a 0.0413-acre lot, with a building footprint of approximately 20 x 65 feet. The property is delivered vacant and was built in 1928.
Three electric meters, three gas meters, three gas-fired boilers, and three hot water tanks provide separate utility systems. The roof waterproofing has been updated. The property is zoned R5 and is near the E/F/M/R subway lines, shopping, and restaurants.
Three electric meters, three gas meters, three gas-fired boilers, and three hot water tanks provide separate utility systems. The roof waterproofing has been updated. The property is zoned R5 and is near the E/F/M/R subway lines, shopping, and restaurants.
Key Highlights
- Two apartments: one 2‑bedroom, 1‑bathroom unit and one 1‑bedroom, 1‑bathroom unit
- Ground‑floor commercial space configured as an attorney’s office
- Approximately 2,600 sq. ft. of interior space on a 0.0413‑acre lot
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$63,555
Cap Rate
3.66%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,271,100
$1.3M
Cap Rate 7%
$907,929
$907.9K
Cap Rate 9%
$706,167
$706.2K
Market Conditions
NOI Build-Up for 2,600 SF
Gross rent
$120.1K $46.20/SF
− Vacancy
−$4.6K −$1.76/SF
EGI
$115.6K $44.44/SF
− OpEx
−$52.0K −$20.00/SF
NOI
$63.6K $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%
$1,271,100
Cap Rate 7%
$907,929
Cap Rate 9%
$706,167
Alternative Uses
Best Use
Apartment 5plus
$907.9K
$794.4K – $1.06M
NOI $63,555 @ 7.0% cap · market cap 3.66%
Second Best
Mixed Use
$478.0K
$418.3K – $557.7K
NOI $33,462 @ 7.0% cap · market cap 1.93%
Theoretical Best
Office A
$1.92M
$1.68M – $2.24M
NOI $134,172 @ 7.0% cap · market cap 7.72%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
4,766
Businesses Nearby
Explore this area
Business Placement
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Separate utility systems serve the apartments and ground-floor commercial space.
Where is this mixed-use property located?
The property is located at 4509 28th Avenue Astoria, NY.
What is the asking price?
The asking price for this property is $1,738,000.
What are key features of this property?
This property features: Two apartments: one 2‑bedroom, 1‑bathroom unit and one 1‑bedroom, 1‑bathroom unit; Ground‑floor commercial space configured as an attorney’s office; Approximately 2,600 sq. ft. of interior space on a 0.0413‑acre lot
