| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 70th | Good |
| Demographics | 80th | Best |
| Amenities | 93rd | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2821 Astoria Blvd, Astoria, NY, 11102, US |
| Region / Metro | Astoria |
| Year of Construction | 2004 |
| Units | 26 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
2821 Astoria Blvd Astoria Multifamily Investment
Amenity-rich Urban Core setting with a deep renter base supports steady leasing, according to WDSuite’s CRE market data for the neighborhood. High-cost ownership in Queens further sustains demand for professionally managed apartments.
Astoria’s Urban Core location delivers daily-life convenience that tenants value: restaurants, groceries, pharmacies, parks, and cafes cluster at densities that rank among the strongest nationally. This concentration of amenities underpins renter appeal and day-to-day livability, which can support lease retention and absorption for well-managed assets.
The neighborhood’s renter-occupied share is high, indicating a deep tenant pool and reinforcing multifamily demand. By contrast, the neighborhood occupancy metric is below national norms; investors should expect competitive leasing conditions and benefit from active marketing and renewal management rather than assuming automatic lease-ups.
Within a 3-mile radius, demographics show households inching higher while average household size trends lower, expanding the pool of smaller-unit renters over time. Forward-looking projections point to growth in households and incomes, creating a larger tenant base and supporting rent levels without over-relying on in-migration.
Home values in the area are elevated compared with national benchmarks, which, together with solid neighborhood incomes, tends to reinforce reliance on multifamily rentals over ownership. Rent-to-income levels align with managed affordability, suggesting room for disciplined pricing strategies while monitoring renewal risk.
Average school ratings sit above national midpoints and the neighborhood overall scores highly against the metro. These factors, combined with transit access typical of Astoria’s core blocks, contribute to long-term renter appeal for professionals and households seeking proximity to employment centers.
Neighborhood safety compares below national averages based on crime indicators, but recent year-over-year trends show improvement. Property and violent offense estimates have moved downward over the last year, signaling a constructive direction rather than a worsening backdrop.
Within the New York–Jersey City–White Plains metro, the neighborhood’s crime rank is not among the best, but it is also not at the most challenged end of the spectrum when considering 889 total metro neighborhoods. Nationally, the neighborhood sits below the middle of the pack, while recent declines in estimated violent incidents place it in an improving cohort.
Investors should evaluate security features, lighting, and building access controls as part of operational planning and acknowledge that comparative safety is one of several considerations alongside amenities, rents, and tenant demand.
Nearby corporate offices create a diversified employment base that supports renter demand and retention, particularly for commuters seeking short rides to work. Key nearby employers include JetBlue Airways, Loews, Lockheed Martin, Ralph Lauren, and HRG Group.
- JetBlue Airways — airline HQ (1.7 miles) — HQ
- Loews — diversified holding company offices (2.7 miles) — HQ
- Lockheed Martin — defense & aerospace offices (2.8 miles)
- Ralph Lauren — apparel corporate offices (2.8 miles) — HQ
- HRG Group — investment holding company offices (2.8 miles) — HQ
2821 Astoria Blvd is a 26-unit 2005-vintage property positioned in an amenity-dense Astoria location where the renter-occupied share is high and home values are elevated relative to national norms. This combination typically supports a durable tenant base for smaller-format apartments, while newer construction than the neighborhood’s mid-century average enhances competitive positioning versus older stock. According to CRE market data from WDSuite, neighborhood occupancy trends are softer than national norms, which argues for hands-on leasing and renewal strategies to sustain performance.
Within a 3-mile radius, households have increased while average household size has edged lower, and projections indicate further gains alongside rising incomes—factors that expand the renter pool and support rent levels. Given the high-cost ownership environment and abundant neighborhood amenities, the asset’s unit mix and location are aligned with steady renter demand, with modernization and common-area upgrades offering potential value-add pathways as building systems age.
- 2005 vintage competes well against older neighborhood stock; plan for selective modernization as systems age.
- High renter concentration and strong amenity density support a deep tenant base and leasing velocity.
- Elevated home values reinforce reliance on rentals, aiding pricing power with thoughtful lease management.
- 3-mile projections show more households and higher incomes, supporting demand for smaller units.
- Risk: neighborhood occupancy is below national benchmarks—active marketing and renewals are key to stability.