Gut-Renovated Duplex
For Sale
$1,200,000
Pending
2353 37th Street, Astoria, NY 11105
MULTI_FAMILY - Astoria, NY
Property Size2,003 SF
Lot Size0.06 Acres
Days on Market158
Property Features for 2353 37th Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
6
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 5, Bathroom 1, Bathroom 2, Bedroom 4, Bedroom 2, Bedroom 6, Bedroom 1, Bedroom 3, Bathroom 3
Interior features
First Floor Bedroom, First Floor Full Bath, Eat-in Kitchen, Granite Counters
Elementary school
Ps 84 Steinway
Middle school
Is 141 Steinway (The)
High school
William Cullen Bryant High School
Elementary school district
Queens 30
Middle school district
Queens 30
High school district
Queens 30
Standard status
Pending
APN
00804-0013
Lot size
0.06 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
7846
Utilities
Heating system
Natural Gas
Cooling system
Window Unit(s), Wall/Window Unit(s)
Building Details
Year built
1915
Number of units
2
Flooring type
Tile - Ceramic, Hardwood
Building materials
Frame
Listing Agency:
R New York
(212) 688-1000
Listed By:
I Hsin Teng
(929) 204-6681
Added: Feb 28
Changed: Aug 3
Last Checked: Aug 5 at 1:06AM
MLS# 965874
Copyright © 2026 OneKey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Detached legal two-family duplex with a gut renovation and legally extended work completed in 2012. The building is frame construction and includes a first-floor bedroom and first-floor full bath, plus an eat-in kitchen with granite counters. Interior finishes include hardwood and ceramic tile flooring. Heating is natural gas, and cooling is provided by wall/window units and window units.
Set on a 25' x 100' lot (0.0574 acres), the building measures approximately 20' x 61'. The home provides approximately 2,003 SF of interior living space. Built in 1915, the property has been maintained over time and is presented as turn-key for owner-occupants or investors.
Rooms include multiple bedrooms and bathrooms across the two-family layout, supporting flexible living arrangements while maintaining separate unit functionality.
Set on a 25' x 100' lot (0.0574 acres), the building measures approximately 20' x 61'. The home provides approximately 2,003 SF of interior living space. Built in 1915, the property has been maintained over time and is presented as turn-key for owner-occupants or investors.
Rooms include multiple bedrooms and bathrooms across the two-family layout, supporting flexible living arrangements while maintaining separate unit functionality.
Key Highlights
- Detached legal two‑family duplex, turn‑key condition
- Gut renovated and legally extended in 2012
- Lot size 25' x 100' (0.0574 acres) with building approx. 20' x 61'
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $92.5k | $46.20 |
| − Vacancy | −$3.5k | −$1.76 |
| EGI | $89.0k | $44.44 |
| − OpEx | −$40.1k | −$20.00 |
| NOI | $49.0k | $24.44 |
2,003 SF · lease $46.20/SF/yr · vacancy 3.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$699.5K
$612.0K – $816.0K
NOI $48,962 @ 7.0% cap · market cap 4.08%
Second Best
Multifamily LT 5
$473.6K
$414.4K – $552.6K
NOI $33,153 @ 7.0% cap · market cap 2.76%
Theoretical Best
Office A
$1.48M
$1.29M – $1.72M
NOI $103,364 @ 7.0% cap · market cap 8.61%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
7,504
Businesses Nearby
Explore this area
Business Placement
Demographics for 11105, NY
38,001
Population
17,518
Households
2.2
Avg Household Size
37
Median Age
55%
College-Educated
91%
High-School Grad
1.6 sq mi
ZIP Area
23,751
Density / Sq Mi
$100,306
Median Household Income
$62,464
Median Earnings
$2,211
Median Rent
$1,089,000
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Detached legal two-family home with gut renovation and legal extension in 2012, featuring natural gas heat and window AC.
Where is this duplex located?
The property is located at 2353 37th Street Astoria, NY.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: Detached legal two‑family duplex, turn‑key condition; Gut renovated and legally extended in 2012; Lot size 25' x 100' (0.0574 acres) with building approx. 20' x 61'
