Quadplex With Deeded
New
For Sale
$2,300,000
14-18 30th Road, Queens, NY 11102
Residential Income, Queens, NY
Property Size4,311 SF
Lot Size0.09 Acres
Price / SF$533.52
Days on Market3
Property Features for 14-18 30th Road
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
8
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 2, Bedroom 5, Bathroom 4, Bedroom 8, Bathroom 1, Bedroom 7, Bedroom 1, Bedroom 4, Bedroom 3, Bathroom 3, Bathroom 2, Bedroom 6
Subdivision
Astoria
High school district
000000
Standard status
Active
Size
4,311 SF
Lot size
0.09 Acres
Building Details
Architectural style
Other
Listing Agency:
Compass
(646) 982-0353
Listed By:
Erion Ahmetaj · License #10301219187
(917) 597-5736
Added: Sep 28
Changed: Sep 30
Last Checked: Sep 30 at 12:06PM
MLS# 12004454
Copyright © 2026 My State 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.
This four-family property contains four two-bedroom, one-bathroom apartments. The building measures 25 by 72 feet, and the lot measures 25 by 161.08 feet. Deeded parking is located in front, while usable basement space connects to the backyard.
The property is on 30th Road near 21st Street in Astoria, close to shops, cafés, and restaurants along the neighborhood streets and 30th Avenue. Van Alst Playground and Astoria Park are nearby, as are the Astoria ferry landing, local bus service, and subway options farther into the neighborhood.
The property is on 30th Road near 21st Street in Astoria, close to shops, cafés, and restaurants along the neighborhood streets and 30th Avenue. Van Alst Playground and Astoria Park are nearby, as are the Astoria ferry landing, local bus service, and subway options farther into the neighborhood.
Key Highlights
- Four apartments, each with two bedrooms and one bathroom
- 25‑by‑72‑foot building on a 25‑by‑161.08‑foot lot
- Deeded parking in 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
$105,380
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
4.58%
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%
$2,107,600
$2.1M
Cap Rate 7%
$1,505,429
$1.5M
Cap Rate 9%
$1,170,889
$1.2M
Market Conditions
NOI Build-Up for 4,311 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
$199.2K $46.20/SF
− Vacancy
−$7.6K −$1.76/SF
EGI
$191.6K $44.44/SF
− OpEx
−$86.2K −$20.00/SF
NOI
$105.4K $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%
$2,107,600
Cap Rate 7%
$1,505,429
Cap Rate 9%
$1,170,889
Alternative Uses
Best Use
Apartment 5plus
$1.51M
$1.32M – $1.76M
NOI $105,380 @ 7.0% cap · market cap 4.58%
Second Best
Multifamily LT 5
$1.02M
$891.9K – $1.19M
NOI $71,354 @ 7.0% cap · market cap 3.10%
Theoretical Best
Office A
$3.18M
$2.78M – $3.71M
NOI $222,468 @ 7.0% cap · market cap 9.67%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
4
Residential units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
4,163
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
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Four two-bedroom apartments are complemented by deeded front parking and basement space with access to the backyard.
Where is this quadplex located?
The property is located at 14-18 30th Road 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 with two bedrooms and one bathroom; 25‑by‑72‑foot building on a 25‑by‑161.08‑foot lot; Deeded parking in front of the property
