4505 Broadway
About This Property
Prime development and investment opportunity located directly on Broadway in the heart of Astoria. Situated on a 25' x 71.5' lot with R6B / C1-4 zoning, this property offers excellent potential for a future residential or mixed-use development.
The property is currently built out as a vacant commercial space and may offer the potential to develop one commercial space with a 3- to 4-story building and approximately 4–8 residential units, subject to zoning, design, and all required approvals.
Excellent Broadway frontage with strong visibility and convenient access to public transportation, restaurants, shopping, and neighborhood amenities.
Highlights: 25' x 71.5' lot | R6B/C1-4 zoning | Vacant commercial space | Mixed-use development potential | Potential 4–8 residential units | Prime Broadway location.
All zoning, buildable square footage, unit count, permitted uses, and development potential must be independently verified. Please consult with your architect to confirm what can be developed on the property. Featured Commercial Sales.
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 20, 2026 | Price Decreased |
$1,399,999
↓ $100K
(6.7%) | |
| Price Decreased | |||
| Aug 12, 2026 | Listed by NY Space Finders Inc | $1,499,999 | |
| Listed by NY Space Finders Inc | |||
| Dec 3, 2018 | No longer available | - | |
| No longer available | |||
| Aug 31, 2018 | Listed by Tri Boro Terrace Realty | $1,398,000 | |
| Listed by Tri Boro Terrace Realty | |||
| | |||
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Free Standing Building. Great For Development. Zoning C1-4 R6B. Right By The Broadway 46th Street Train Station. Delivered Vacant.
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| Feb 26, 2004 | Sold | ||
| Sold | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017