| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 71st | Good |
| Demographics | 77th | Best |
| Amenities | 100th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2320 30th Dr, Astoria, NY, 11102, US |
| Region / Metro | Astoria |
| Year of Construction | 2013 |
| Units | 22 |
| Transaction Date | 2011-01-06 |
| Transaction Price | $822,500 |
| Buyer | SANVITO REALTY HOLDING CORP |
| Seller | IPPOLITO CONCETTA |
2320 30th Dr, Astoria NY — Newer 22-Unit Multifamily
Built in 2013 with larger-than-typical unit sizes, this Astoria asset competes well against older neighborhood stock; according to WDSuite s CRE market data, renter demand is reinforced by amenity density and high-cost ownership nearby.
Astoria s Urban Core location delivers exceptional daily convenience for residents: the neighborhood ranks among the top quartile nationally for access to groceries, restaurants, parks, and pharmacies, with cafe and childcare density also well above national norms. This concentration of amenities supports lease retention and positions the property competitively for lifestyle renters.
The property s 2013 vintage is newer than the area s typical 1970s-era stock, offering relative competitiveness versus older buildings. Investors should still plan for standard mid-life system updates over the hold, but the vintage reduces near-term capital intensity compared with legacy assets.
Neighborhood tenure patterns indicate depth in the renter base: a high share of housing units are renter-occupied locally, supporting consistent leasing velocity. Within a 3-mile radius, demographics from WDSuite show stable household counts recently and a projected increase in households over the next five years, which suggests a larger tenant base and supports occupancy stability for well-positioned assets.
Elevated home values in the immediate area point to a high-cost ownership market. For multifamily investors, this dynamic generally sustains reliance on rental housing and can aid pricing power, provided rents remain aligned with incomes. Median rent levels sit below typical rent-to-income thresholds here, helping mitigate affordability pressure and assisting retention management based on commercial real estate analysis.
Safety outcomes in the neighborhood are below national averages at present. However, recent year-over-year declines in both violent and property incidents indicate improvement momentum relative to many U.S. neighborhoods, based on WDSuite s CRE market data.
Within the New York Jersey City White Plains metro (889 neighborhoods), the area trends closer to the lower-performing half on safety. Investors typically address this with secure access, well-lit common areas, and resident engagement, which can support leasing and retention while broader trends continue to evolve.
Proximity to a diverse employment base supports commuter convenience and helps deepen the renter pool, notably across airlines, consumer brands, and financial services represented below.
- Jetblue Airways — airline HQ (1.3 miles) — HQ
- Loews — diversified holdings HQ (2.3 miles) — HQ
- Lockheed Martin — defense & aerospace offices (2.3 miles)
- HRG Group — investment holding company (2.3 miles) — HQ
- Ralph Lauren — apparel & retail HQ (2.4 miles) — HQ
2320 30th Dr offers a 22-unit, 2013-built multifamily position in Astoria s amenity-rich core. The asset benefits from a deep local renter pool, high neighborhood amenity access, and ownership costs that typically keep households oriented toward renting. According to CRE market data from WDSuite, neighborhood rent levels relative to income are manageable, which can support retention and measured pricing power when paired with effective lease management.
Newer construction versus the area s older stock enhances competitive standing and may moderate near-term capital needs, while 3-mile demographic projections indicate growth in households and incomes over the next five years, signaling a larger tenant base. Key watch items include below-average neighborhood safety metrics and metro-level occupancy volatility; operators with strong marketing and resident experience strategies are best positioned to capture demand.
- Newer 2013 vintage vs. older local stock supports leasing and lowers near-term capex risk.
- Amenity-dense Urban Core location underpins demand and resident retention.
- High-cost ownership market reinforces reliance on rental housing and pricing durability.
- 3-mile outlook indicates a growing renter base and income gains, supporting occupancy stability.
- Risks: below-average safety metrics and softer neighborhood occupancy trends require active operations.