Renovated Brick Multifamily
For Sale
$1,750,000
Pending
34-09 30th St, Queens, NY 11106
Solid brick, renovated 4-level home with private driveway and garage, delivered vacant, with 7 bedrooms and 3 baths.
Property Size3,496 SF
Days on Market51
Property Features for 34-09 30th St
General Information
Standard status
Pending
Size
3,496 SF
Property subtype
Investment
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$14,468
Building Details
Building Size
3,496 SF
Year Built
1960
Stories
4
Units
3
Construction
Solid Brick
Tenancy
Multi
Listing Agency:
RE/MAX Frontier
(917) 828-2801
Listed By:
Zi Feng Chen AHWD E-PRO GRI
(917) 828-2801
Source:
Elliman
Added: Jul 3
Changed: Aug 8
Last Checked: Aug 21 at 11:59AM
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 RE/MAX Frontier
Investment Insights
Based on property information with market context.
Solid brick, renovated 4-level residential income building with 7 bedrooms and 3 baths. The property is delivered vacant. A private driveway and garage are included, and the basement is open and unfinished with access from the lobby and a separate door to the backyard.
The seller notes the home is approximately 1.5 blocks to train service. WalkScore 97, transitScore 99, and bikeScore 80 are provided in the remarks.
The property is described as paying taxes as a 3-family, while a CO for a 2-family is noted.
The seller notes the home is approximately 1.5 blocks to train service. WalkScore 97, transitScore 99, and bikeScore 80 are provided in the remarks.
The property is described as paying taxes as a 3-family, while a CO for a 2-family is noted.
Key Highlights
- Solid brick, renovated 4‑level home with 7 bedrooms and 3 bathrooms
- Delivered vacant
- Private driveway and garage
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$85,458
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.88%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,709,160
$1.7M
Cap Rate 7%
$1,220,829
$1.2M
Cap Rate 9%
$949,533
$949.5K
Market Conditions
NOI Build-Up for 3,496 SF
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.
Gross rent
$161.5K $46.20/SF
− Vacancy
−$6.1K −$1.76/SF
EGI
$155.4K $44.44/SF
− OpEx
−$69.9K −$20.00/SF
NOI
$85.5K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,709,160
Cap Rate 7%
$1,220,829
Cap Rate 9%
$949,533
Alternative Uses
Best Use
Apartment 5plus
$1.22M
$1.07M – $1.42M
NOI $85,458 @ 7.0% cap · market cap 4.88%
Second Best
Multifamily LT 5
$826.6K
$723.3K – $964.4K
NOI $57,864 @ 7.0% cap · market cap 3.31%
Theoretical Best
Office A
$2.58M
$2.26M – $3.01M
NOI $180,410 @ 7.0% cap · market cap 10.31%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
5,065
Businesses Nearby
Explore this area
Business Placement
Demographics for 11106, NY
41,722
Population
21,681
Households
1.9
Avg Household Size
37
Median Age
52%
College-Educated
89%
High-School Grad
0.9 sq mi
ZIP Area
46,358
Density / Sq Mi
$85,573
Median Household Income
$62,254
Median Earnings
$2,032
Median Rent
$639,200
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 - Solid brick, renovated 4-level home with private driveway and garage, delivered vacant, with 7 bedrooms and 3 baths.
Where is this duplex located?
The property is located at 34-09 30th St Queens, NY.
What is the asking price?
The asking price for this property is $1,750,000.
What are key features of this property?
This property features: Solid brick, renovated 4‑level home with 7 bedrooms and 3 bathrooms; Delivered vacant; Private driveway and garage
