Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    2601 B Astoria, NY 11102
    Back to Search
    Property profile & analytics

    2601 B Astoria, NY 11102

    View on Map
    • Mixed-use properties
    • 1,836 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Mixed-use properties

    Property Details for 2601 B

    Property size
    1,836 SF
    Property type
    Mixed-use properties

    Description

    This 1,836 sq ft mixed-use condo unit is located in Astoria, NY's vibrant Halletts Point, within the 13-story Astoria Riverview building. The unit boasts a sleek, modern design reflecting the neighborhood's industrial heritage, featuring high ceilings and large European soundproof windows. Residents enjoy access to over 10,000 sq ft of amenities, including a doorman, on-site parking, a fully equipped gym, a tenant lounge, a rooftop terrace with city and East River views, and co-working spaces on each floor, including a business meeting room. The building's prime location offers easy access to Manhattan via the N and W subway lines, the Astoria Ferry, and several bus routes. Astoria's rich cultural scene, diverse dining options, and proximity to parks like Astoria Park and the Astoria Waterfront are all within easy reach. Enjoy breathtaking panoramic views of the East River and the Manhattan skyline from this exceptional unit. This is a rare opportunity to own a piece of Astoria's exciting new development.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Astoria
    County
    Queens
    State
    New York
    Longitude
    -73.9323
    Latitude
    40.7757

    Comparable in this City

    • Value Estimation by Request
      3,045 SF

      2601 J

      Mixed-use properties • 3,045 SF
      2601 J, Astoria, NY 11102
      View Details
    • Value Estimation by Request
      4,229 SF

      2601 I

      Mixed-use properties • 4,229 SF
      2601 I, Astoria, NY 11102
      View Details
    • Value Estimation by Request
      2,123 SF

      2601 L

      Mixed-use properties • 2,123 SF
      2601 L, Astoria, NY 11102
      View Details
    • Value Estimation by Request
      14,650 SF

      27-57 Crescent St

      Multifamily properties • 14,650 SF
      27-57 Crescent St, Queens, NY 11102
      View Details
    • Value Estimation by Request
      2,400 SF

      26Th Rd

      Mixed-use properties • 2,400 SF
      26Th Rd, Astoria, NY 11102
      View Details
    • Value Estimation by Request
      3,356 SF

      2601 H

      Mixed-use properties • 3,356 SF
      2601 H, Astoria, NY 11102
      View Details

    Similar Nearby for Sale

    • $3,600,000

      Mixed-Use Building Near Athens Square

      3,000 SF mixed-use building in high-traffic Astoria location.
      28-25 31St St, Astoria, NY 11102
      View Details
    • $3,488,000

      Astoria Mixed-Use Investment Opportunity

      High-income mixed-use property in prime Astoria location.
      30-74 14Th St, Queens, NY 11102
      View Details
    • Contact for pricing

      Astoria Mixed-Use Investment Opportunity

      High-income mixed-use property in Astoria with established business included.
      30-74 14Th St, New York, NY 11102
      View Details
    • $7,250,000
      13,344 SF

      Astoria Multifamily Investment Opportunity

      20-Unit Apartment Building, High ROI Potential
      2815 24Th Ave, Astoria, NY 11102
      View Details
    • $1,600,000
      0.06 Acres

      Astoria Multi-Family Investment Opportunity

      Six-unit building, prime Astoria location, great income potential.
      2313 28Th Ave, Astoria, NY 11102
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,050 SF

      Astoria Mixed-Use Retail Opportunity

      Retail space in a waterfront mixed-use development in Astoria, Queens.
      20 Halletts Pt, Queens, NY 11102
      View Details
    • $4,000 /Mo
      720 SF

      Astoria Retail or Office Space

      720 SF retail or office space in prime Astoria location.
      25-59 31St St, Astoria, NY 11102
      View Details
    • $53 SF/Yr
      550 SF

      Astoria Office Space: Hallets Cove

      Prime Astoria Office, 550 sq ft, Single Tenant
      26-24 4Th St, Queens, NY 11102
      View Details
    • Contact for pricing
      391,500 SF

      Prologis Queensboro Crossing Development

      391,500 SF development in Long Island City.
      38-21 12Th St, Queens, NY 11102
      View Details
    • Contact for pricing
      940 SF

      Renovated Astoria Apartment with Terrace

      Renovated two-bedroom apartment with private terrace, all utilities included.
      21-04 Hoyt Ave South, Queens, NY 11102
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2601 B
    Astoria, NY 11102
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    2601 B, Astoria, NY, 11102
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!