32-80 30th Street

Overview

An eight-unit building in Astoria, approximately 7,228 SF on a 2,790 SF lot, offered at $3,600,000 — $450,000 per unit, $498 per square foot. Every apartment is a three bedroom, one bath. Seven units are free market and one is rent stabilised. The rent roll runs $308,685 annually against $91,735 of expenses, giving $207,690 NOI and a 5.77% cap. Taking the free-market units to $3,800 lifts the proforma to $237,541 NOI, a 6.60% cap.

Highlights

• 8 apartments, all three-bedroom one-bath
• 7 free market, 1 rent stabilised
• 5.77% current cap rate
• $450,000 per unit · $498 per SF
• 7,228 approx SF on a 2,790 SF lot
• Building 27.83 x 74.67 FT, lot 27.67 x 100.83 FT
• Proforma 6.60% cap at $237,541 NOI

Investment summary

Asking price

$3,600,000

Category

Investment Sale

Cap rate

5.77%

NOI

$207,690

Gross income

$308,685

Operating expenses

$91,735

Annual taxes

$32,629

Residential units

8

Tax class

2B

Property

Address

32-80 30th Street, Astoria, NY 11106

Building size

7,228 SF

Lot size

2,790 SF

Frontage

27.8 FT

Listed

August 31, 2026