| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 70th | Good |
| Demographics | 80th | Best |
| Amenities | 93rd | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2710 Astoria Blvd, Astoria, NY, 11102, US |
| Region / Metro | Astoria |
| Year of Construction | 2004 |
| Units | 27 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
2710 Astoria Blvd Astoria Multifamily Opportunity
Amenity-rich Astoria supports steady renter demand at the neighborhood level, according to WDSuite’s CRE market data, with a high share of renter-occupied units and strong access to daily needs. Focus is on durable location fundamentals rather than outsized rent growth.
Astoria’s Urban Core location offers convenience that underpins leasing: restaurants, groceries, parks, and pharmacies rank in the top decile nationally, and the neighborhood places in the top quartile among 889 metro neighborhoods overall. This concentration of amenities typically supports resident retention and reduces search frictions at turn.
The property’s 2004 construction is newer than the neighborhood’s older housing stock (average vintage mid-1950s). For investors, that positioning can translate into relative competitiveness versus prewar and mid-century assets, while still planning for mid-life system updates or selective renovations to maintain rentability.
Tenure data indicates a high renter-occupied share in the neighborhood, reinforcing depth of the tenant base for multifamily. Within a 3-mile radius, demographic statistics show stable household counts with projections for additional households through the forecast period, implying a broader renter pool and support for occupancy and leasing velocity.
Ownership costs in this area are elevated relative to incomes, which typically sustains reliance on rental housing and can support pricing power for well-located units. At the same time, rent-to-income levels suggest measured affordability pressure, a consideration for lease management and renewals rather than aggressive pushes.
Safety indicators for the neighborhood track below national averages, but recent data shows year-over-year declines in both violent and property offenses, indicating directional improvement. For investors, this points to a monitoring item rather than a thesis driver—prudent underwriting should reflect conservative lease-up assumptions and continued attention to trendlines.
Compared with neighborhoods nationwide, the area sits in lower safety percentiles today; however, multi-year urban recovery patterns and ongoing declines suggest risk moderation is possible. Positioning the asset with strong operations, lighting, and access controls can help support retention regardless of broader conditions.
Nearby corporate offices create a diversified employment base that supports renter demand and commute convenience, notably in airlines, consumer brands, defense, and financial services. The following employers are within a short radius and align with the area’s workforce housing appeal.
- Jetblue Airways — airlines (1.65 miles) — HQ
- Loews — diversified holding company offices (2.63 miles) — HQ
- Ralph Lauren — apparel & lifestyle brand offices (2.69 miles) — HQ
- Lockheed Martin — defense & aerospace offices (2.70 miles)
- Citigroup — financial services (2.77 miles) — HQ
2710 Astoria Blvd combines a central Astoria location with a 2004 vintage across a boutique 27-unit footprint. The neighborhood scores strongly on amenity access and maintains a high share of renter-occupied housing, supporting tenant depth and leasing durability. Based on CRE market data from WDSuite, elevated ownership costs in the area tend to reinforce rental demand, while measured rent-to-income signals favor disciplined pricing and renewal strategies.
Operational focus should prioritize consistent occupancy and targeted unit updates befitting mid-life systems. Safety metrics remain below national averages but are improving year over year; underwriting that acknowledges this while leveraging proximity to large employment centers can help sustain performance against metro peers.
- Newer 2004 construction versus neighborhood vintage, with scope for mid-life system upgrades and selective value-add
- Amenity-rich Urban Core location (top-quartile neighborhood rank in a large NY metro) supports retention and leasing velocity
- High renter-occupied share locally and projected household growth within 3 miles point to a durable tenant base
- Elevated ownership costs bolster multifamily demand; balanced rent-to-income favors disciplined pricing
- Risks: below-average safety metrics today and softer neighborhood occupancy require conservative leasing assumptions