Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    14-31 Astoria Blvd Queens, NY 11102
    Back to Search
    Property profile & analytics

    14-31 Astoria Blvd, Queens, NY 11102

    View on Map
    • Warehouses
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Inter Craft Custom Cabinets / General Contractor / Renovation Specialist

    Property Details for 14-31 Astoria Blvd

    Property type
    Warehouses
    Property subtype
    Industrial properties

    Description

    This 3,900 square foot warehouse, located at 1431 Astoria Blvd, offers a versatile space perfect for various industrial uses, including woodworking, manufacturing, and distribution. The property boasts a large, open floor plan, exceptionally suited for machinery, assembly lines, and ample material storage. Three private offices, complete with a kitchenette, provide dedicated workspace. Built-in workbenches and storage solutions further enhance efficiency. The high ceilings, measuring 14 feet, accommodate substantial equipment and overhead storage. A robust 400-amp heavy-duty electrical system ensures power reliability. Safety features include a comprehensive sprinkler system and a dust extraction system, crucial for a clean and safe working environment. A convenient roll-up garage door facilitates easy loading and unloading. Climate control options are available to maintain a comfortable workspace year-round. The property's location provides convenient access to major roads and highways, optimizing shipping and receiving logistics. Tenants are responsible for electricity costs and half of any increases in real estate taxes. This property presents a unique opportunity for businesses seeking a well-equipped and strategically located industrial space.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Queens
    County
    Suffolk
    State
    New York
    Longitude
    -73.9279
    Latitude
    40.7724

    Comparable in this City

    • Value Estimation by Request

      14-31 Astoria Blvd

      Manufacturing properties
      14-31 Astoria Blvd, Queens, NY 11102
      View Details
    • Value Estimation by Request
      4,248 SF

      1112 Main Ave

      WAREHOUSE, STORAGE
      1112 Main Ave, Long Island City, NY 11102-4042
      View Details
    • Value Estimation by Request
      2,440 SF

      848 Astoria Blvd

      WAREHOUSE, STORAGE
      848 Astoria Blvd, Long Island City, NY 11102
      View Details
    • Value Estimation
      $515,000
      5,710 SF

      1201 Astoria Blvd

      WAREHOUSE, STORAGE
      1201 Astoria Blvd, Long Island City, NY 11102-3731
      View Details
    • Value Estimation
      $1,855,000
      17,560 SF

      3002 Newtown Ave

      WAREHOUSE, STORAGE
      3002 Newtown Ave, Long Island City, NY 11102
      View Details
    • Value Estimation by Request
      3,200 SF

      1437 29th Ave

      WAREHOUSE, STORAGE
      1437 29th Ave, Long Island City, NY 11102-3644
      View Details

    Similar Nearby for Sale

    • $2,400,000

      Astoria Development Opportunity

      Prime Queens Land, R6B Zoning, 7,000 sqft buildable
      31-30 28Th Rd, Queens, NY 11102
      View Details
    • Contact for pricing
      2,400 SF

      Retail Building in Astoria, NY

      Fully leased retail building with restaurant in vibrant Astoria.
      28-50 31St St, Astoria, NY 11102
      View Details

    Similar Nearby for Lease

    • 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
    • $13,935 /Mo

      Astoria, NY 11102

      ASTORIA WAREHOUSE WITH 20 FOOT HIGH CEILINGS FOR LEASE
      Astoria, NY 11102
      View Details
    • Contact for pricing

      Astoria Warehouse with High Ceilings

      Warehouse in Astoria with soaring 20-foot ceilings and heavy power.
      26-36 2Nd St, Astoria, NY 11102
      View Details
    • Contact for pricing
      3,631 SF

      Long Island City Warehouse Space

      Industrial warehouse for rent in Long Island City, Queens.
      38-59 9Th St, Long Island City, NY 11102
      View Details
    • $7,500 /Mo

      Astoria Medical Office/Community Facility

      Medical office/community facility in Astoria, steps from subway.
      30-74 31St St, 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.
    14-31 Astoria Blvd
    Queens, 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
    14-31 Astoria Blvd, Queens, 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!