1237 30th Dr
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1237 30th Dr
7 Unit Apartment Building $1,835,559 CAD ($262,223 CAD/Unit) 6.16% Cap Rate Astoria, NY 11102
Investment Highlights
- Prime location
- Mixed use
- Preferential rents
- Close to transportation
- Recent renovations
Executive Summary
Seize the opportunity to own a versatile corner mixed-use property in the vibrant and sought-after neighborhood of Astoria, Queens. This well-maintained rent stabilized six-family building features a prime ground-floor retail space, offering an exceptional investment potential in one of New York City’s most dynamic communities.
This mixed-use building represents a rare investment opportunity in a thriving and rapidly growing area. Offering a total of 6 residential units and 1 commercial unit. Whether you’re looking to capitalize on the rental income from the residential units, lease out or occupy the retail space, this property provides a solid foundation for a successful real estate venture with upside in the residential and commercial rents which are currently collecting below market and preferential rents.
Astoria is renowned for its rich cultural diversity, bustling dining scene, and strong sense of community. The property is ideally located within walking distance of Socrates Park, the East River waterfront, and a myriad of local shops and eateries. It offers easy access to public transportation (N & W Subway line) and the Astoria Ferry, making it a convenient location for both residents and businesses.
Residential units: 6
Commercial units: 1
Stories: 3
Year built: 1930
Lot size: 23.58 × 61 (1,370 SQ ST)
Building size: 23×45 (3,537 SQ ST)
BBL: 00682-0003
Zoning: R6B, C1-3
1A- Studio/1 Bedroom
1B- Studio/1 Bedroom
2A- 1 Bedroom
2B- 1 Bedroom
3A- 1 Bedroom
3B- 1 Bedroom
Commercial space- Beauty Salon
This mixed-use building represents a rare investment opportunity in a thriving and rapidly growing area. Offering a total of 6 residential units and 1 commercial unit. Whether you’re looking to capitalize on the rental income from the residential units, lease out or occupy the retail space, this property provides a solid foundation for a successful real estate venture with upside in the residential and commercial rents which are currently collecting below market and preferential rents.
Astoria is renowned for its rich cultural diversity, bustling dining scene, and strong sense of community. The property is ideally located within walking distance of Socrates Park, the East River waterfront, and a myriad of local shops and eateries. It offers easy access to public transportation (N & W Subway line) and the Astoria Ferry, making it a convenient location for both residents and businesses.
Residential units: 6
Commercial units: 1
Stories: 3
Year built: 1930
Lot size: 23.58 × 61 (1,370 SQ ST)
Building size: 23×45 (3,537 SQ ST)
BBL: 00682-0003
Zoning: R6B, C1-3
1A- Studio/1 Bedroom
1B- Studio/1 Bedroom
2A- 1 Bedroom
2B- 1 Bedroom
3A- 1 Bedroom
3B- 1 Bedroom
Commercial space- Beauty Salon
Financial Summary (Actual - 2023) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$167,522
|
$47.36
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$167,522
|
$47.36
|
| Taxes |
$23,128
|
$6.54
|
| Operating Expenses |
$32,670
|
$9.24
|
| Total Expenses |
$55,798
|
$15.78
|
| Net Operating Income |
$111,724
|
$31.59
|
Financial Summary (Actual - 2023)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $167,522 |
| Annual Per SF | $47.36 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $167,522 |
| Annual Per SF | $47.36 |
| Taxes (CAD) | |
|---|---|
| Annual | $23,128 |
| Annual Per SF | $6.54 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $32,670 |
| Annual Per SF | $9.24 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $55,798 |
| Annual Per SF | $15.78 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $111,724 |
| Annual Per SF | $31.59 |
Property Facts
Unit Amenities
- Air Conditioning
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 2 | - | - |
| 1+1 | 4 | - | - |
1 of 1
Walk Score ®
Walker's Paradise (92)
Transit Score ®
Excellent Transit (79)
Bike Score ®
Biker's Paradise (90)
PROPERTY TAXES
| Parcel Numbers | Total Assessment | $355,636 CAD (2024) | |
| Land Assessment | $4,204 CAD (2024) | Annual Taxes | $23,128 CAD ($6.54 CAD/SF) |
| Improvements Assessment | $351,433 CAD (2024) | Tax Year | 2023 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$4,204 CAD (2024)
Improvements Assessment
$351,433 CAD (2024)
Total Assessment
$355,636 CAD (2024)
Annual Taxes
$23,128 CAD ($6.54 CAD/SF)
Tax Year
2023
zoning
| Zoning Code | R6B C1-3 (Medium density residential district, Primarily residential with commercial uses on the street level) |
| R6B C1-3 (Medium density residential district, Primarily residential with commercial uses on the street level) |
-
Theodosis Neocli -
Vasilis Pyrpos -
Astoria Realty
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1237 30th Dr
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