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Legal 6 Family-Prime Astoria Location 3151 35th St 6 Unit Apartment Building $1,550,000 ($258,333/Unit) 6.18% Cap Rate Astoria, NY 11106
Investment Highlights
- Six-unit brick construction building positioned in a high-demand Astoria location.
- Convenient proximity to retail shops, restaurants, and public transport within minutes.
- Built in 1925, combining classic architectural style with lasting quality and appeal.
- Each unit offers two bedrooms and one full bath with spacious layouts and high ceilings.
- Approximately 5,000 square feet of living space spread over three stories.
- Located on a tree-lined, residential street maintaining neighborhood charm.
Executive Summary
Six-Unit, Attached Multi-Family Building for Sale in the heart of Astoria, Queens, offering a highly desired investment opportunity located in one of NYC's most consistently strong rental markets! This classic brick multi-family contains six residential units with spacious layouts, offering approximately 5,000 square feet of living space ideal for investors seeking stable income and long-term appreciation. Each unit has 2 Bedrooms and 1 Full Bath, high ceilings and excellent natural light. Located on a tree-lined residential street, this property is moments away from Shops, Public Transportation and Restaurants making this a true Must See!
Financial Summary (Actual - 2024) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$140,446
|
$23.25
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$140,446
|
$23.25
|
| Taxes |
$20,393
|
$3.38
|
| Operating Expenses |
$24,301
|
$4.02
|
| Total Expenses |
$44,694
|
$7.40
|
| Net Operating Income |
$95,752
|
$15.85
|
Financial Summary (Actual - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $140,446 |
| Annual Per SF | $23.25 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $140,446 |
| Annual Per SF | $23.25 |
| Taxes | |
|---|---|
| Annual | $20,393 |
| Annual Per SF | $3.38 |
| Operating Expenses | |
|---|---|
| Annual | $24,301 |
| Annual Per SF | $4.02 |
| Total Expenses | |
|---|---|
| Annual | $44,694 |
| Annual Per SF | $7.40 |
| Net Operating Income | |
|---|---|
| Annual | $95,752 |
| Annual Per SF | $15.85 |
Property Facts
| Price | $1,550,000 | Apartment Style | Low-Rise |
| Price Per Unit | $258,333 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.06 AC |
| Cap Rate | 6.18% | Building Size | 6,040 SF |
| No. Units | 6 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built | 1925 |
| Zoning | R6B - Medium density residential district | ||
| Price | $1,550,000 |
| Price Per Unit | $258,333 |
| Sale Type | Investment |
| Cap Rate | 6.18% |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.06 AC |
| Building Size | 6,040 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 1925 |
| Zoning | R6B - Medium density residential district |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Views
- Freezer
Site Amenities
- 24 Hour Access
- Recycling
- Trash Pickup - Curbside
- Public Transportation
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 6 | - | 900 |
1 1
Exceptionally walkable
100/100
Fairly drivable
40/100
Exceptional public transit
90/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 00648-0021 | Total Assessment | $176,194 (2026) |
| Land Assessment | $1,935 (2026) | Annual Taxes | $20,393 ($3.38/SF) |
| Improvements Assessment | $174,259 (2026) | Tax Year | 2024 |
Property Taxes
Parcel Number
00648-0021
Land Assessment
$1,935 (2026)
Improvements Assessment
$174,259 (2026)
Total Assessment
$176,194 (2026)
Annual Taxes
$20,393 ($3.38/SF)
Tax Year
2024
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Legal 6 Family-Prime Astoria Location | 3151 35th St
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