Brick 2-Unit
106-20 Astoria Boulevard, East Elmhurst, NY 11369
For Sale
$1,388,000
A 2021-built brick property combines two one-bedroom residences, including one with front and rear balconies.
Property Size1,956 SF
Price / SF$709.61
Days on Market9
Property Features for 106-20 Astoria Boulevard
General Information
Standard status
Size
Property subtype
Site & Location
Highway Access
Public Transit
Units
Unit Mix
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
front and rear balconies
Full
3
No
Yes
2
First Floor Bedroom
Public
1956
Building Details
Building Size
Year Built
Buildings
Construction
Listing Agency:
(631) 613-8782
Listed By:
Geralda Desir
Source:
Goldcrestrealtygrp
Added: Oct 31
Changed: Nov 7
Last Checked: Nov 7 at 9:47PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Geralda Desir
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Investment Insights
Based on property information with market context.
Completed in 2021, this brick duplex contains two one-bedroom residences. The first-floor unit has 1.5 bathrooms; the third-floor residence includes balconies at both the front and rear and may accommodate a second bedroom. The property is offered individually or as part of a portfolio with two adjacent buildings at 31-04 107th St and 106-18 Astoria Blvd.
The East Elmhurst property is near LaGuardia Airport and offers access to the Grand Central Parkway, the 7 train, and multiple bus routes. Flushing Meadows–Corona Park, Citi Field, restaurants, shopping, and daily services are also nearby.
The East Elmhurst property is near LaGuardia Airport and offers access to the Grand Central Parkway, the 7 train, and multiple bus routes. Flushing Meadows–Corona Park, Citi Field, restaurants, shopping, and daily services are also nearby.
Key Highlights
- Two one‑bedroom residences in a brick building completed in 2021
- First‑floor apartment includes 1.5 bathrooms
- Third‑floor unit has front and rear balconies and can function as a two‑bedroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$47,813
Cap Rate
3.44%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$956,260
$956.3K
Cap Rate 7%
$683,043
$683.0K
Cap Rate 9%
$531,256
$531.3K
Market Conditions
NOI Build-Up for 1,956 SF
Gross rent
$90.4K $46.20/SF
− Vacancy
−$3.4K −$1.76/SF
EGI
$86.9K $44.44/SF
− OpEx
−$39.1K −$20.00/SF
NOI
$47.8K $24.44/SF
Area
Queens County, NY
Vacancy
3.80%
Lease Rate
$46.20 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$956,260
Cap Rate 7%
$683,043
Cap Rate 9%
$531,256
Alternative Uses
Best Use
Apartment 5plus
$683.0K
$597.7K – $796.9K
NOI $47,813 @ 7.0% cap · market cap 3.44%
Second Best
Multifamily LT 5
$462.5K
$404.7K – $539.6K
NOI $32,375 @ 7.0% cap · market cap 2.33%
Theoretical Best
Office A
$1.44M
$1.26M – $1.68M
NOI $100,939 @ 7.0% cap · market cap 7.27%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,915
Businesses Nearby
Explore this area
Business Placement
Demographics for 11369, NY
40,805
Population
13,893
Households
2.9
Avg Household Size
37
Median Age
24%
College-Educated
79%
High-School Grad
1.1 sq mi
ZIP Area
37,095
Density / Sq Mi
$80,577
Median Household Income
$40,089
Median Earnings
$1,983
Median Rent
$734,900
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Properties on Market for Duplexes in East Elmhurst
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - A 2021-built brick property combines two one-bedroom residences, including one with front and rear balconies.
Where is this duplex located?
The property is located at 106-20 Astoria Boulevard East Elmhurst, NY.
What is the asking price?
The asking price for this property is $1,388,000.
What are key features of this property?
This property features: Two one‑bedroom residences in a brick building completed in 2021; First‑floor apartment includes 1.5 bathrooms; Third‑floor unit has front and rear balconies and can function as a two‑bedroom
