Astoria, NY
Commercial Real Estate Market Trends & Data

$630 per SF Avg asking sale price
$47 per SF Avg asking lease rate
8,315 SF Avg unit lease size
13,391 SF Avg building size for sale
6.07% 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%

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↻ Updated Monthly

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Nearby Office Markets Avg Cost/SF Typical Size Cap Max
Long Island City $628 18,743 SF 5.32%
Woodside $417 4,564 SF 7.31%
Sunnyside $464 9,407 SF 7.31%
Nearby Industrial Markets Avg Cost/SF Typical Size Cap Max
Astoria $530 23,520 SF 7.57%
Long Island City $531 23,892 SF 7.57%
Woodside $526 13,596 SF 7.57%
East Elmhurst $527 16,757 SF 7.57%
Nearby Retail Markets Avg Cost/SF Typical Size
Astoria $925 9,258 SF
Long Island City $896 9,740 SF
Woodside $742 6,862 SF
East Elmhurst $898 10,671 SF
Sunnyside $695 3,921 SF
Nearby Multifamily Markets Avg Cost/SF Typical Size Cap Max
Astoria $556 9,169 SF 8.53%
Long Island City $548 11,193 SF 8.53%
Woodside $626 7,782 SF 7.77%
East Elmhurst $481 5,610 SF 8.50%
Sunnyside $450 7,424 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

Nexus Lic

Long Island City, NY 11101

  • 24,790 SF Multifamily
  • 5.05% Cap Rate
  • $1,288,000
For Sale

2427 Steinway St

Astoria, NY 11103

  • 8,892 SF Multifamily
  • 7.84% Cap Rate
  • $2,750,000
For Sale

1826-1828 Steinway St

Astoria, NY 11105

  • 4,457 SF Industrial Building
  • $2,899,000
For Sale

3210 31st Ave

Astoria, NY 11106

  • 4,850 AC Lot
  • 1 Commercial Lot
  • $4,100,000
For Sale

The Neighborly

Long Island City, NY 11101

  • 78,500 SF Multifamily
  • $4,680,000
For Sale

39-49 29th St, Long Island

Long Island City, NY 11101

  • 2,931 SF Industrial Building
  • $2,150,000

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 $630 13,391 SF
Long Island City $626 15,221 SF
Woodside $515 8,906 SF
East Elmhurst $602 9,467 SF
Sunnyside $489 10,022 SF

Multifamily Properties For Sale in Astoria

For Sale

Nexus Lic

Long Island City, NY 11101

  • 24,790 SF Multifamily
  • 5.05% Cap Rate
  • $1,288,000
For Sale

2427 Steinway St

Astoria, NY 11103

  • 8,892 SF Multifamily
  • 7.84% Cap Rate
  • $2,750,000
For Sale

The Neighborly

Long Island City, NY 11101

  • 78,500 SF Multifamily
  • $4,680,000
For Sale

35-02 Ditmars Blvd

Astoria, NY 11105

  • 4,500 SF Multifamily
  • $7,500,000
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

518 E 83rd St

New York, NY 10028

  • 11,120 SF Multifamily
  • 6.60% Cap Rate
  • $8,000,000
For Sale

21-51 27th St

Astoria, NY 11105

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

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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