Brick Two-Family
New
For Sale
$1,399,000
14-28 30th Dr, Queens, NY 11102
Two residences include a full-footprint basement, deep backyard, and rear driveway.
Property Size2,322 SF
Days on Market2
Property Features for 14-28 30th Dr
General Information
Standard status
Active
Size
2,322 SF
Property subtype
Multi Family
Units
Unit Mix
1 x 3BR/1BA, 1 x 3BR/2BA
Multifamily Units
2
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$10,314
Amenities
backyard
driveway
Building Details
Building Size
2,322 SF
Year Built
1910
Buildings
1
Construction
semi-detached brick
Listing Agency:
Laffey Real Estate
Listed By:
Philip C Laffey · License #10491206601
(516) 626-1500
Source:
Elliman
Added: Sep 12
Last Checked: Sep 13 at 6:29AM
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 Laffey Real Estate
Investment Insights
Based on property information with market context.
This semi-detached brick two-family home contains two separate residences. The first-floor apartment has three bedrooms and one full bathroom, while the second-floor apartment provides three bedrooms and two full bathrooms. High ceilings extend through both units, and the full-footprint basement measures approximately 1,144 square feet with substantial ceiling height. It can serve as storage or be adapted for recreation and entertainment space. A deep backyard and rear driveway add outdoor and parking-related utility. The property is being sold as-is.
Located at 14-28 30th Dr in Astoria, the home is near the N/W subway, NYC Ferry, restaurants, cafes, shopping, parks, and the waterfront. Access to Long Island City and Manhattan is also noted. The property was built in 1910 and has a walk score of 93, transit score of 79, and bike score of 89.
Located at 14-28 30th Dr in Astoria, the home is near the N/W subway, NYC Ferry, restaurants, cafes, shopping, parks, and the waterfront. Access to Long Island City and Manhattan is also noted. The property was built in 1910 and has a walk score of 93, transit score of 79, and bike score of 89.
Key Highlights
- Two‑family layout with 3 bedrooms and 1 full bathroom on the first floor
- Second‑floor residence includes 3 bedrooms and 2 full bathrooms
- Full‑footprint basement of approximately 1,144 square feet
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
$56,760
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
4.06%
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%
$1,135,200
$1.1M
Cap Rate 7%
$810,857
$810.9K
Cap Rate 9%
$630,667
$630.7K
Market Conditions
NOI Build-Up for 2,322 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
$107.3K $46.20/SF
− Vacancy
−$4.1K −$1.76/SF
EGI
$103.2K $44.44/SF
− OpEx
−$46.4K −$20.00/SF
NOI
$56.8K $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 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%
$1,135,200
Cap Rate 7%
$810,857
Cap Rate 9%
$630,667
Alternative Uses
Best Use
Apartment 5plus
$810.9K
$709.5K – $946.0K
NOI $56,760 @ 7.0% cap · market cap 4.06%
Second Best
Multifamily LT 5
$549.0K
$480.4K – $640.6K
NOI $38,433 @ 7.0% cap · market cap 2.75%
Theoretical Best
Office A
$1.71M
$1.50M – $2.00M
NOI $119,826 @ 7.0% cap · market cap 8.57%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
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
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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?
Duplex - Two residences include a full-footprint basement, deep backyard, and rear driveway.
Where is this duplex located?
The property is located at 14-28 30th Dr Queens, NY.
What is the asking price?
The asking price for this property is $1,399,000.
What are key features of this property?
This property features: Two‑family layout with 3 bedrooms and 1 full bathroom on the first floor; Second‑floor residence includes 3 bedrooms and 2 full bathrooms; Full‑footprint basement of approximately 1,144 square feet
