3435 30Th St Astoria, NY 11106
- Apartment buildings
- 4,212 SF
- 0.05 lot acres
Current Use by Public Records
- Apartment buildings
Property Details for 3435 30Th St
- Year built
- 1923
- Lot size
- 0.05 lot acres
- Property size
- 4,212 SF
- Zone code
- R5
- Property type
- Apartment buildings
- APN
- 00607-0114
- APU
- 6070114
Description
This well-maintained six-family building in Astoria, NY presents a compelling investment opportunity. Located near Broadway and a short walk from the N/W subway, this property boasts exceptional accessibility to Manhattan and various transportation options, including Citibike and bus lines. The building comprises six apartments: two one-bedroom units on the first floor, one one-bedroom and one two-bedroom unit on the second floor, and another one-bedroom and two-bedroom unit on the third floor. The basement is unfinished and offers potential for expansion or additional storage. The building features a brick semi-detached structure with a total of eight bedrooms and six bathrooms across approximately 5,200 square feet. The lot measures 20.67 x 100 feet, while the building itself is 20.75 x 85 feet. The property enjoys a strong rental history, generating an annual income of $131,064 and a net operating income of $92,485 after annual expenses of $38,579. Annual property taxes are $21,329. The building is zoned R5 and is in excellent condition, with recent updates to several units ensuring high tenant satisfaction and ease of rental. This turnkey investment is situated in a high-demand rental area, offering immediate income generation and significant potential for long-term growth. The property's prime location and strong financial performance make it an attractive opportunity for savvy investors.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $335,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $270,000
- 6.5%
- $285,000
- 7%
- $290,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $325,000
- Geo Method
- $320,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $345,000
- Retail
- $355,000
- Mixed-Use
- $310,000
- Hospitality
- $275,000
- Educational
- $360,000
- Residential Income
- $335,000
- Energy
- $275,000
- Income-Based Land
- $325,000
- Food Service
- $305,000
Location Insight
- Map
- Local Demand
- City
- Long Island City
- County
- Queens
- State
- New York
- Longitude
- -73.9285
- Latitude
- 40.759
- CBSA code
- 35620
- CBSA name
- NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
