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4308-4310 30th Ave 9,558 SF 46% Leased Retail Building Astoria, NY 11103 $2,995,000 ($313.35/SF) 8.84% 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
$2,995,000
Price Per SF
$313.35
Cap Rate
8.84%
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 | - | - | - |
Exceptionally walkable
100/100
Fairly drivable
50/100
Exceptional public transit
90/100
Moderately bikeable
70/100
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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