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4308-4310 30th Ave 9,558 SF 46% Leased Retail Building Astoria, NY 11103 $3,350,000 ($350.49/SF) 7.90% Cap Rate
INVESTMENT HIGHLIGHTS
- Four free market apartments
- Current commercial tenant can sign long term lease
FINANCIAL SUMMARY (PRO FORMA - 2025) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$349,500
|
$36.57
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$349,500
|
$36.57
|
| Taxes |
$74,852
|
$7.83
|
| Operating Expenses |
$10,000
|
$1.05
|
| Total Expenses |
$84,852
|
$8.88
|
| Net Operating Income |
$264,648
|
$27.69
|
FINANCIAL SUMMARY (PRO FORMA - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $349,500 |
| Annual Per SF | $36.57 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $349,500 |
| Annual Per SF | $36.57 |
| Taxes | |
|---|---|
| Annual | $74,852 |
| Annual Per SF | $7.83 |
| Operating Expenses | |
|---|---|
| Annual | $10,000 |
| Annual Per SF | $1.05 |
| Total Expenses | |
|---|---|
| Annual | $84,852 |
| Annual Per SF | $8.88 |
| Net Operating Income | |
|---|---|
| Annual | $264,648 |
| Annual Per SF | $27.69 |
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Funeral Home
Building Size
9,558 SF
Building Class
C
Year Built
1931
Price
$3,350,000
Price Per SF
$350.49
Cap Rate
7.90%
NOI
$264,648
Percent Leased
46%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
1.83
Lot Size
0.12 AC
Zoning
R5 - R5B Zoning in NYC is a low density contextual residential zoning district
Frontage
AMENITIES
- Bus Line
- Signage
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
- R.P. Drago Funeral Home
- Services
- -
- -
- -
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
| R.P. Drago Funeral Home | Services | - | - | - |
Walk Score®
Walker's Paradise (99)
Transit Score®
Rider's Paradise (100)
Bike Score®
Very Bikeable (70)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 00697-0115 | Total Assessment | $695,520 |
| Land Assessment | $90,000 | Annual Taxes | $74,852 ($7.83/SF) |
| Improvements Assessment | $605,520 | Tax Year | 2025 |
PROPERTY TAXES
Parcel Number
00697-0115
Land Assessment
$90,000
Improvements Assessment
$605,520
Total Assessment
$695,520
Annual Taxes
$74,852 ($7.83/SF)
Tax Year
2025
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4308-4310 30th Ave
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