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4-29 27th Ave, Astoria 429 27th Ave 6 Unit Apartment Building $2,478,123 CAD ($413,020 CAD/Unit) Astoria, NY 11102
Investment Highlights
- close to manhattan
- Buildable sqft. available
- One Apartment kept Vacant
Executive Summary
Vision Real Estate is pleased to present a compelling multifamily investment opportunity at 4-29 27th Avenue in Astoria, NY 11102. Offered at $1,800,000, the property is a three-story brick building constructed in 1931, Lots of Renovations includes new roofing, new baths and kitchens, new flooring.
comprising 4,080 square feet on a 0.046-acre lot and featuring six residential units. The asset is currently 100% occupied, generating a Net Operating Income (NOI) of $110,335 and a 6.13% cap rate, providing immediate and stable cash flow. Located in one of Queens’ most desirable rental markets, the property benefits from strong tenant demand and offers investors the potential for long-term appreciation and future rental upside.
comprising 4,080 square feet on a 0.046-acre lot and featuring six residential units. The asset is currently 100% occupied, generating a Net Operating Income (NOI) of $110,335 and a 6.13% cap rate, providing immediate and stable cash flow. Located in one of Queens’ most desirable rental markets, the property benefits from strong tenant demand and offers investors the potential for long-term appreciation and future rental upside.
Financial Summary (Actual - 2025) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $2,478,123 CAD | Building Class | C |
| Price Per Unit | $413,020 CAD | Lot Size | 0.05 AC |
| Sale Type | Investment | Building Size | 4,080 SF |
| No. Units | 6 | No. Stories | 3 |
| Property Type | Multifamily | Year Built/Renovated | 1931/2023 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Low-Rise | ||
| Zoning | R6 - R6 zoning districts are widely mapped in built-up, medium-density areas in Brooklyn, Queens and the Bronx. | ||
| Price | $2,478,123 CAD |
| Price Per Unit | $413,020 CAD |
| Sale Type | Investment |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.05 AC |
| Building Size | 4,080 SF |
| No. Stories | 3 |
| Year Built/Renovated | 1931/2023 |
| Opportunity Zone |
Yes |
| Zoning | R6 - R6 zoning districts are widely mapped in built-up, medium-density areas in Brooklyn, Queens and the Bronx. |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 6 | - | - |
1 1
Exceptionally walkable
100/100
Fairly drivable
50/100
Exceptional public transit
90/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | 00909-0059 | Improvements Assessment | $288,498 CAD |
| Land Assessment | $5,771 CAD | Total Assessment | $294,269 CAD |
Property Taxes
Parcel Number
00909-0059
Land Assessment
$5,771 CAD
Improvements Assessment
$288,498 CAD
Total Assessment
$294,269 CAD
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4-29 27th Ave, Astoria | 429 27th Ave
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