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Astoria New Construction 30-unit | 100% FM 23-33 Astoria Blvd 29 Unit Apartment Building $15,000,000 ($517,241/Unit) 6.10% 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 | $15,000,000 | Property Subtype | Apartment |
| Price Per Unit | $517,241 | Building Class | B |
| Sale Type | Investment | Lot Size | 0.18 AC |
| Cap Rate | 6.10% | 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 | $15,000,000 |
| Price Per Unit | $517,241 |
| Sale Type | Investment |
| Cap Rate | 6.10% |
| 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
Exceptionally walkable
100/100
Fairly drivable
50/100
Exceptional public transit
90/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | 00872-0003 | Improvements Assessment | $1,612,710 |
| Land Assessment | $346,353 | Total Assessment | $1,959,063 |
Property Taxes
Parcel Number
00872-0003
Land Assessment
$346,353
Improvements Assessment
$1,612,710
Total Assessment
$1,959,063
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Astoria New Construction 30-unit | 100% FM | 23-33 Astoria Blvd
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