Four-Unit Quadplex with Deeded
New
For Sale
$2,300,000
14-18 30th Rd, Queens, NY 11102
Four two-bedroom apartments are complemented by a usable basement with backyard access.
Property Size4,311 SF
Lot Size0.09 Acres
Price / SF$682.09
Days on Market3
Property Features for 14-18 30th Rd
General Information
Standard status
Active
Size
4,311 SF
Lot size
0.09 Acres
Property subtype
Multi Family
Zoning
C3
Site & Location
Road Access
Yes
Public Transit
Yes
Units
Unit Mix
4 x 2BR/1BA
Multifamily Units
4
Additional Details
Asking Price
$2,300,000
Taxes and HOA fees
Annual Taxes
$13,428
Building Details
Building Size
4,311 SF
Year Built
1930
Buildings
1
Stories
2
Units
4
Listing Agency:
Compass
Listed By:
Erion Ahmetaj · License #10301219187
(917) 597-5736
Source:
Elliman
Added: Sep 29
Last Checked: Oct 1 at 12:02PM
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 Compass
Investment Insights
Based on property information with market context.
This 1930-built quadplex contains four apartments, each with two bedrooms and one bathroom. The building measures 25 by 72 feet, and the lot measures 25 by 161.08 feet. Deeded parking is located at the front of the property. A usable basement provides additional space and connects to the backyard.
The property is on 30th Road near 21st Street in Astoria. Neighborhood shops, cafés, and restaurants are nearby, including along 30th Avenue. Van Alst Playground and Astoria Park offer nearby outdoor destinations. The Astoria ferry landing and local bus service are accessible from the area, with subway options farther into the neighborhood.
The property is on 30th Road near 21st Street in Astoria. Neighborhood shops, cafés, and restaurants are nearby, including along 30th Avenue. Van Alst Playground and Astoria Park offer nearby outdoor destinations. The Astoria ferry landing and local bus service are accessible from the area, with subway options farther into the neighborhood.
Key Highlights
- Four apartments, each configured with two bedrooms and one bathroom
- 25‑by‑72‑foot building on a 25‑by‑161.08‑foot lot
- Deeded parking at the front of the property
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
$82,427
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
3.58%
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%
$1,648,540
$1.6M
Cap Rate 7%
$1,177,529
$1.2M
Cap Rate 9%
$915,856
$915.9K
Market Conditions
NOI Build-Up for 3,372 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
$155.8K $46.20/SF
− Vacancy
−$5.9K −$1.76/SF
EGI
$149.9K $44.44/SF
− OpEx
−$67.4K −$20.00/SF
NOI
$82.4K $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%
$1,648,540
Cap Rate 7%
$1,177,529
Cap Rate 9%
$915,856
Alternative Uses
Best Use
Apartment 5plus
$1.18M
$1.03M – $1.37M
NOI $82,427 @ 7.0% cap · market cap 3.58%
Second Best
Multifamily LT 5
$797.3K
$697.7K – $930.2K
NOI $55,812 @ 7.0% cap · market cap 2.43%
Theoretical Best
Office A
$2.49M
$2.18M – $2.90M
NOI $174,011 @ 7.0% cap · market cap 7.57%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
4
Residential units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
3,429
Businesses Nearby
Explore this area
Business Placement
Demographics for 11102, NY
37,468
Population
19,431
Households
1.9
Avg Household Size
36
Median Age
58%
College-Educated
90%
High-School Grad
0.7 sq mi
ZIP Area
53,526
Density / Sq Mi
$102,996
Median Household Income
$70,557
Median Earnings
$2,248
Median Rent
$779,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Quadplex - Four two-bedroom apartments are complemented by a usable basement with backyard access.
Where is this quadplex located?
The property is located at 14-18 30th Rd Queens, NY.
What is the asking price?
The asking price for this property is $2,300,000.
What are key features of this property?
This property features: Four apartments, each configured with two bedrooms and one bathroom; 25‑by‑72‑foot building on a 25‑by‑161.08‑foot lot; Deeded parking at the front of the property
