Astoria, NY
Commercial Real Estate Market Trends & Data

$679 Avg asking sale price
$59 Avg asking lease rate
13,805 SF Avg unit lease size
13,879 SF Avg building size for sale
5.89% Average cap rate

Astoria's Demographic Profile

Astoria has 67,283 households and a median income of $84,053, providing context for rent absorption and tenant demand across retail and multifamily assets. A -5% five-year population trend is a key signal for evaluating long-term demand in this market.

Key Demographic Metric Value
Population 151,922
# Households 67,283
Median age 39
Median household income $84,053
Avg household size 2.0
Renter-occupied housing units 56,433
5-year population change -5%

{{marketTabHeadings[activeMarketTab]}} Market Metrics Near Astoria, NY

↻ Updated Monthly

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Nearby Office Markets Avg Cost/SF Typical Size Cap Max
Astoria $736 16,322 SF 7.53%
Long Island City $694 19,115 SF 7.53%
Woodside $634 5,476 SF 7.31%
East Elmhurst $733 3,399 SF 4.30%
Sunnyside $502 3,729 SF 7.31%
Nearby Industrial Markets Avg Cost/SF Typical Size Cap Max
Astoria $610 21,054 SF 7.00%
Long Island City $557 22,972 SF 7.00%
Woodside $620 13,310 SF 7.00%
East Elmhurst $650 19,182 SF 7.00%
Nearby Retail Markets Avg Cost/SF Typical Size
Astoria $874 8,350 SF
Long Island City $842 10,782 SF
Woodside $784 5,755 SF
East Elmhurst $911 9,090 SF
Sunnyside $782 3,026 SF
Nearby Multifamily Markets Avg Cost/SF Typical Size Cap Max
Astoria $601 10,369 SF 8.53%
Long Island City $601 10,795 SF 8.53%
Woodside $507 9,457 SF 7.77%
East Elmhurst $478 10,875 SF 8.50%
Sunnyside $571 4,833 SF 7.77%

Commercial Properties For Sale in Astoria

The listings below reflect how current market pricing and building scale translate into active opportunities available today.
For Sale

River Bridge Tower

Long Island City, NY 11101

  • 41,342 SF Multifamily
  • 5.22% Cap Rate
  • $30,000,000
For Sale

11-09 36th Ave

Astoria, NY 11106

  • 5,000 SF Multifamily
  • 6.25% Cap Rate
  • $2,600,000
For Sale

31-08 Astoria Blvd

Astoria, NY 11102

  • 3,035 SF Retail Building
  • $4,250,000
For Sale

4121-4123 29th Street

Long Island City, NY

  • Retail Building
  • $7,800,000
For Sale

29-30 12th St

Astoria, NY 11102

  • 4,100 SF Retail Building
  • $1,700,000
For Sale

4115 49th St

Sunnyside, NY 11104

  • 5,934 SF Multifamily
  • 6.32% Cap Rate
  • $1,800,000

Average Price For Sale

↻ Updated Monthly

Average Price For Lease

↻ Updated Monthly

Number of Listings

↻ Updated Monthly

Cap Rate

↻ Updated Monthly

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Nearby Commercial Markets

Comparing nearby markets helps investors see whether Astoria pricing and building scale sit above, below, or in line with surrounding areas.

Commercial Markets Avg Cost/SF Average Size
Astoria $679 13,879 SF
Long Island City $662 14,897 SF
Woodside $616 9,747 SF
East Elmhurst $655 12,276 SF
Sunnyside $569 8,769 SF

Multifamily Properties For Sale in Astoria

For Sale

River Bridge Tower

Long Island City, NY 11101

  • 41,342 SF Multifamily
  • 5.22% Cap Rate
  • $30,000,000
For Sale

21-45 23rd St

Astoria, NY 11105

  • 8,597 SF Multifamily
  • $3,300,000
For Sale

25-34 31st St

Astoria, NY 11102

  • 14,702 SF Multifamily
  • $13,500,000
For Sale

21-51 27th St

Astoria, NY 11105

  • 11,000 SF Multifamily
  • 6.19% Cap Rate
  • $3,800,000
For Sale

27-04 Astoria Blvd

Astoria, NY 11102

  • 7,235 SF Multifamily
  • $7,500,000
For Sale

The River by R & R

Astoria, NY 11102

  • 22,377 SF Multifamily
  • 5.04% Cap Rate
  • $12,500,000
For Sale

3280 30th St

Astoria, NY 11106

  • 5,919 SF Multifamily
  • 5.77% Cap Rate
  • $3,600,000
For Sale

Queens Boro Tower

Long Island City, NY 11101

  • 24,987 SF Multifamily
  • 4.10% Cap Rate
  • $778,400 - $2,119,500

Regional Demographic Comparison

This comparison places Astoria alongside nearby cities to show how population size, household counts, and income levels differ across the region. Viewing these markets side by side helps investors understand whether local demand and income characteristics are concentrated in Astoria or distributed across surrounding areas.

City Population # Households Age Median Household Income Avg Household Size Renter Occupied Housing Units Five Yr Pop Growth %
Astoria 151,922 67,283 39 $84,053 2 56,433 -5%
Long Island City 248,031 111,785 38 $91,856 2 95,617 -3%
Woodside 86,100 30,707 41 $66,745 3 22,003 -6%
East Elmhurst 57,480 17,358 40 $68,849 3 9,573 -11%
Sunnyside 47,937 19,857 41 $74,377 2 16,255 -3%

Disclaimer: The figures on this page reflect LoopNet's active commercial listings in Astoria, NY and update as inventory changes. Averages can shift between periods or vary across property types depending on the mix of listings available at a given time, so individual metrics may not reflect broader market trends. These figures are best used as directional benchmarks for early market evaluation. For comprehensive commercial real estate data and analytics, subscribe to CoStar.

FAQs About Commercial Investing in Astoria

View All Commercial Real Estate For Sale in Astoria
Is Astoria a good market for a first-time commercial real estate investor?

Astoria offers commercial properties across a wide range of sizes and price points. By reviewing the market data and benchmarks on this page, first-time investors can better understand what a typical commercial property looks like before committing capital and narrowing in on specific listings.

How can this market data help me decide whether to buy commercial property for my business in Astoria?

The pricing and size metrics on this page help business owners compare the cost of ownership against leasing in Astoria. Typical building sizes and asking prices provide a starting point for evaluating space needs, budget fit, and long term occupancy costs before engaging lenders or brokers.

What should conservative investors focus on when evaluating commercial properties in Astoria?

Conservative investors often prioritize manageable deal sizes, stable pricing ranges, and cap rate benchmarks shown for Astoria. These metrics help assess whether current market conditions support steady income potential without relying on aggressive assumptions.

How does Astoria compare to nearby commercial real estate markets?

Nearby market comparisons highlight differences in pricing, building scale, and cap rate ranges relative to Astoria. Reviewing these side by side helps experienced investors identify relative value, pricing premiums, or alternative markets that may better align with return targets.

How can this page support early-stage deal screening for Astoria acquisitions?

This page provides high-level benchmarks for pricing, deal size, and observed cap rates in Astoria, which are useful for initial market filtering. Institutional and data-driven investors often use these signals to prioritize listings that meet size, pricing, and return thresholds before deeper underwriting.

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