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Astoria New Construction 30-unit | 100% FM 23-33 Astoria Blvd 29 Unit Apartment Building $14,500,000 ($500,000/Unit) 6.51% Cap Rate Astoria, NY 11102
INVESTMENT HIGHLIGHTS
- Amenities include gym, rooftop cabana lounge, co-working space, laundromat, etc
- Within walking distance to the Astoria Blvd Station
- The property is located in Old Astoria near shopping, dining and entertainment options
EXECUTIVE SUMMARY
• 7-story newly-constructed luxury elevator building consisting of 29 apartments and 1 commercial space
• 100% Free-Market
• Tenants pay for their own utilities
• Amenities include gym, rooftop cabana lounge, co-working space, laundromat, etc
• The property is located in Old Astoria near shopping, dining and entertainment options
• Serious inquires ONLY: Offers with unrealistic terms will be ignored.
• 100% Free-Market
• Tenants pay for their own utilities
• Amenities include gym, rooftop cabana lounge, co-working space, laundromat, etc
• The property is located in Old Astoria near shopping, dining and entertainment options
• Serious inquires ONLY: Offers with unrealistic terms will be ignored.
PROPERTY FACTS
| Price | $14,500,000 | Property Subtype | Apartment |
| Price Per Unit | $500,000 | Building Class | B |
| Sale Type | Investment | Lot Size | 0.18 AC |
| Cap Rate | 6.51% | Building Size | 25,841 SF |
| Gross Rent Multiplier | 12.3 | No. Stories | 7 |
| No. Units | 29 | Year Built | 2024 |
| Property Type | Multifamily | Parking Ratio | 0.08/1,000 SF |
| Zoning | R6A, R5D - Zoning provides for multiple uses. No Cannabis Distributors. Ideal Use is Coffee Shop with food, pharmacy, or small convenience store. | ||
| Price | $14,500,000 |
| Price Per Unit | $500,000 |
| Sale Type | Investment |
| Cap Rate | 6.51% |
| Gross Rent Multiplier | 12.3 |
| No. Units | 29 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | B |
| Lot Size | 0.18 AC |
| Building Size | 25,841 SF |
| No. Stories | 7 |
| Year Built | 2024 |
| Parking Ratio | 0.08/1,000 SF |
| Zoning | R6A, R5D - Zoning provides for multiple uses. No Cannabis Distributors. Ideal Use is Coffee Shop with food, pharmacy, or small convenience store. |
AMENITIES
UNIT AMENITIES
- Tub/Shower
1 1
Walk Score®
Walker's Paradise (97)
Transit Score®
Excellent Transit (84)
Bike Score®
Very Bikeable (81)
PROPERTY TAXES
| Parcel Number | 00872-0003 | Improvements Assessment | $1,597,950 |
| Land Assessment | $286,463 | Total Assessment | $1,884,413 |
PROPERTY TAXES
Parcel Number
00872-0003
Land Assessment
$286,463
Improvements Assessment
$1,597,950
Total Assessment
$1,884,413
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Astoria New Construction 30-unit | 100% FM | 23-33 Astoria Blvd
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