Duplex with Two
For Sale
$1,420,000
1316 33rd Avenue, Astoria, NY 11106
The two-kitchen layout supports separate household cooking areas within the duplex.
Property Size2,262 SF
Price / SF$627.76
Days on Market12
Property Features for 1316 33rd Avenue
General Information
Standard status
Active
Size
2,262 SF
Property subtype
Residential Income
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$7,850
Amenities
Hardwood
2
No
Yes
6
Eat-in Kitchen
Other
2262
Building Details
Building Size
2,262 SF
Year Built
1996
Listing Agency:
(516) 703-2918
Listed By:
Craig May
Source:
Hedgestonehomes
Added: Oct 21
Changed: Oct 31
Last Checked: Oct 31 at 4:57AM
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 Craig May
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Investment Insights
Based on property information with market context.
Built in 1996, this duplex contains 2,262 square feet with six bedrooms, two full bathrooms, and two kitchens. Hardwood flooring and eat-in kitchen areas are listed among its interior features.
The property is located at 1316 33rd Avenue in Astoria, New York.
The property is located at 1316 33rd Avenue in Astoria, New York.
Key Highlights
- Six bedrooms and two full bathrooms
- Two kitchens, including eat‑in kitchen areas
- 2,262 square feet of interior area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$55,293
Cap Rate
3.89%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,105,860
$1.1M
Cap Rate 7%
$789,900
$789.9K
Cap Rate 9%
$614,367
$614.4K
Market Conditions
NOI Build-Up for 2,262 SF
Gross rent
$104.5K $46.20/SF
− Vacancy
−$4.0K −$1.76/SF
EGI
$100.5K $44.44/SF
− OpEx
−$45.2K −$20.00/SF
NOI
$55.3K $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%
$1,105,860
Cap Rate 7%
$789,900
Cap Rate 9%
$614,367
Alternative Uses
Best Use
Apartment 5plus
$789.9K
$691.2K – $921.6K
NOI $55,293 @ 7.0% cap · market cap 3.89%
Second Best
Multifamily LT 5
$534.9K
$468.0K – $624.0K
NOI $37,440 @ 7.0% cap · market cap 2.64%
Theoretical Best
Office A
$1.67M
$1.46M – $1.95M
NOI $116,730 @ 7.0% cap · market cap 8.22%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
4,334
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - The two-kitchen layout supports separate household cooking areas within the duplex.
Where is this duplex located?
The property is located at 1316 33rd Avenue Astoria, NY.
What is the asking price?
The asking price for this property is $1,420,000.
What are key features of this property?
This property features: Six bedrooms and two full bathrooms; Two kitchens, including eat‑in kitchen areas; 2,262 square feet of interior area
