| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 71st | Good |
| Demographics | 77th | Best |
| Amenities | 100th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2532 30th Dr, Astoria, NY, 11102, US |
| Region / Metro | Astoria |
| Year of Construction | 2009 |
| Units | 40 |
| Transaction Date | 2007-10-22 |
| Transaction Price | $1,900,000 |
| Buyer | 30TH DRIVE DEVELOPMENT LLC 1 |
| Seller | CAMILO DEBRA |
2532 30th Dr, Astoria NY Multifamily Investment
2009-built, 40-unit asset in Astoria positioned in an amenity-dense Urban Core with a deep renter base and strong employer access, according to WDSuite s CRE market data.
Astoria s Urban Core setting offers exceptional daily convenience: restaurants, grocery, parks, pharmacies, and cafes all rank in the top quartile nationally, supporting resident livability and leasing appeal. Average school ratings sit near the national midpoint, which is typical for dense urban districts and tends to attract a broad renter profile.
Neighborhood housing is predominantly renter-occupied (high renter concentration at the neighborhood level), indicating a deep tenant base and steady multifamily demand. Home values are elevated relative to incomes in this pocket of Queens, which reinforces reliance on rental housing and can aid pricing power and retention for well-managed assets.
Demographic statistics aggregated within a 3-mile radius show stable to rising household counts and a sizable working-age population, with projections calling for additional household growth over the next five years. That expansion points to a larger renter pool and supports occupancy stability for quality properties near transit and employment, based on CRE market data from WDSuite.
While neighborhood occupancy rates have trended softer than national benchmarks in recent years, the combination of strong amenities, professional household incomes, and continued household growth suggests sustained leasing velocity for competitively positioned multifamily assets. This balance of demand drivers and leasing execution needs is central to multifamily property research in mature urban locations.
Safety performance compares below the national median, but recent year-over-year trends show meaningful declines in both violent and property offense rates, indicating improvement momentum. Compared with neighborhoods nationwide, this area does not rank among the safest cohorts today; however, the downward trend in incident rates over the last year is a constructive signal for risk management and tenant retention strategies.
For investors, the takeaway is to underwrite appropriate security measures and leasing practices while acknowledging recent improvement. Use neighborhood-level data 4not block-level detail 14to track trajectory and calibrate operating plans.
Proximity to major employers supports renter demand and commute convenience, notably JetBlue Airways (aviation), Loews (hospitality), Lockheed Martin (defense & aerospace offices), Citigroup (financial services), and Est e9e Lauder (beauty). These anchors within roughly 1 3 miles can bolster leasing and retention among professional tenants.
- Jetblue Airways 14 airlines (1.3 miles) 14 HQ
- Loews 14 hospitality (2.4 miles) 14 HQ
- Lockheed Martin 14 defense & aerospace offices (2.4 miles)
- Citigroup 14 financial services (2.5 miles) 14 HQ
- Estee Lauder 14 beauty (2.5 miles) 14 HQ
Constructed in 2009, this 40-unit property is newer than the neighborhood s prevailing 1970s-era stock, offering relative competitiveness versus older buildings and potential capex advantages. Smaller average unit sizes can align with renter preferences for efficient layouts in prime urban locations, supporting lease-up and renewal economics when paired with professional management.
The surrounding neighborhood combines top-tier amenities and a large renter base with improving safety trends and strong access to major employers. While neighborhood-level occupancy has been softer than national norms, household growth within a 3-mile radius and a high-cost ownership market support ongoing multifamily demand; according to commercial real estate analysis from WDSuite, these fundamentals favor steady absorption for well-positioned assets.
- 2009 vintage offers competitive positioning versus older local stock, with potential renovation/select upgrades for differentiation.
- Amenity-rich Urban Core location and proximity to major employers underpin leasing velocity and retention.
- High-cost ownership landscape reinforces renter reliance on multifamily housing, supporting pricing power.
- Demographic outlook within 3 miles points to a larger renter pool and supports occupancy stability.
- Risk: neighborhood occupancy trends run below national averages active leasing and asset management are important.