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11-36 31st Ave
Astoria, NY 11106
Multifamily Property For Sale
·
6 Units
Executive Summary
11-36 31st Avenue – Mixed-Use Astoria Investment Opportunity
Introducing a well-located mixed-use asset at 11-36 31st Avenue in the heart of Astoria. This boutique building features residential units above a ground-floor commercial space, offering diversified income in one of Queens’ most consistently strong rental markets.
Property Overview:
Mixed-use building with residential units over ground-floor retail
Located on 31st Avenue, a prime Astoria corridor
Strong existing tenancy with consistent demand
Ideal for investors seeking stable cash flow + retail upside
Building Details:
Building Size: 7,500 SF
Lot Size: 2,500
Unit Composition:
5 Residential apartments with efficient layouts
1 Ground-floor commercial space with street frontage- $7766.30/Month
Highlights:
Diversified income stream (residential + retail)
High-demand Astoria rental market with low vacancy
Tree-lined residential block with nearby retail activity
Potential to increase rents through change of layout
Strong long-term hold in a supply-constrained submarket
Location:
Astoria is one of NYC’s most desirable neighborhoods, known for its vibrant dining, cultural institutions, and proximity to Manhattan.
Near 30th Avenue and Ditmars Boulevard retail corridors
Surrounded by restaurants, cafes, and neighborhood retail
Close proximity to Astoria Park and East River waterfront
Transportation
Convenient access to major subway lines:
N / W trains at Astoria–Ditmars Blvd
N / W trains at 30th Avenue
~15–20 minutes to Midtown Manhattan with easy access to the RFK (Triborough) Bridge and Grand Central Parkway.
Split systems throughout tenant pays own heat & cooling
Introducing a well-located mixed-use asset at 11-36 31st Avenue in the heart of Astoria. This boutique building features residential units above a ground-floor commercial space, offering diversified income in one of Queens’ most consistently strong rental markets.
Property Overview:
Mixed-use building with residential units over ground-floor retail
Located on 31st Avenue, a prime Astoria corridor
Strong existing tenancy with consistent demand
Ideal for investors seeking stable cash flow + retail upside
Building Details:
Building Size: 7,500 SF
Lot Size: 2,500
Unit Composition:
5 Residential apartments with efficient layouts
1 Ground-floor commercial space with street frontage- $7766.30/Month
Highlights:
Diversified income stream (residential + retail)
High-demand Astoria rental market with low vacancy
Tree-lined residential block with nearby retail activity
Potential to increase rents through change of layout
Strong long-term hold in a supply-constrained submarket
Location:
Astoria is one of NYC’s most desirable neighborhoods, known for its vibrant dining, cultural institutions, and proximity to Manhattan.
Near 30th Avenue and Ditmars Boulevard retail corridors
Surrounded by restaurants, cafes, and neighborhood retail
Close proximity to Astoria Park and East River waterfront
Transportation
Convenient access to major subway lines:
N / W trains at Astoria–Ditmars Blvd
N / W trains at 30th Avenue
~15–20 minutes to Midtown Manhattan with easy access to the RFK (Triborough) Bridge and Grand Central Parkway.
Split systems throughout tenant pays own heat & cooling
Property Facts
| Price Per Unit | $716,667 | Apartment Style | Mid-Rise |
| Sale Type | Investment | Building Class | C |
| Cap Rate | 6.05% | Lot Size | 0.06 AC |
| Gross Rent Multiplier | 14.06 | Building Size | 14,198 SF |
| No. Units | 6 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 4 |
| Property Subtype | Apartment | Year Built/Renovated | 1930/2025 |
| Zoning | R6 - Medium-density residential zoning; apartments and mixed-use with community facilities. | ||
| Price Per Unit | $716,667 |
| Sale Type | Investment |
| Cap Rate | 6.05% |
| Gross Rent Multiplier | 14.06 |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.06 AC |
| Building Size | 14,198 SF |
| Average Occupancy | 100% |
| No. Stories | 4 |
| Year Built/Renovated | 1930/2025 |
| Zoning | R6 - Medium-density residential zoning; apartments and mixed-use with community facilities. |
Amenities
Unit Amenities
- Refrigerator
- Oven
- Range
- Tub/Shower
- Smoke Free
Site Amenities
- 24 Hour Access
- Tenant Controlled HVAC
- Smoke Free
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 4 | $3,350 | 850 |
| 3+2 | 1 | $5,250 | 1,800 |
Property Taxes
| Parcel Number | 00503-0023 | Improvements Assessment | $155,900 |
| Land Assessment | $2,346 | Total Assessment | $158,246 |
Property Taxes
Parcel Number
00503-0023
Land Assessment
$2,346
Improvements Assessment
$155,900
Total Assessment
$158,246
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