Turnkey Four-Family Near Astoria
For Sale
$1,675,000
18-44 21st Drive 1F, Queens, NY 11105
Meticulously maintained four-family residence in the Ditmars–Astoria Park corridor.
Property Size2,720 SF
Price / SF$615.81
Days on Market195
Property Features for 18-44 21st Drive 1F
General Information
Standard status
Active
Size
2,720 SF
Property subtype
Multi Family
Taxes and HOA fees
Annual Taxes
$19,704
Building Details
Building Size
2,720 SF
Year Built
1925
Listing Agency:
DGSIR Realty
Listed By:
Antipas Dimakopoulos
(917) 721-6056
Source:
Miradorrealestate
Added: Apr 21
Changed: Oct 31
Last Checked: Oct 30 at 11:19PM
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 DGSIR Realty
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Investment Insights
Based on property information with market context.
Located at 18-44 21st Drive, this four-family residence is situated in the Ditmars–Astoria Park corridor. The property is move-in ready, with the majority of units recently renovated. One unit is delivered vacant, allowing for immediate market-rate leasing or owner-occupancy. A two-car garage is included. The location is near Astoria Park’s waterfront, dining options, and transportation to Manhattan. The building is well-preserved, requiring no immediate capital expenditures. The property has a bike score of 56, indicating it is bikeable. The walk score is 79, classifying it as very walkable, and the transit score is 64, indicating good transit options.
Key Highlights
- Move‑in ready with recently renovated units and one vacant unit for immediate leasing or owner‑occupancy.
- Prime location near Astoria Park, trendy dining, and Manhattan access.
- Rare two‑car garage in a high‑demand neighborhood.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$66,489
Cap Rate
3.97%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,329,780
$1.3M
Cap Rate 7%
$949,843
$949.8K
Cap Rate 9%
$738,767
$738.8K
Market Conditions
NOI Build-Up for 2,720 SF
Gross rent
$125.7K $46.20/SF
− Vacancy
−$4.8K −$1.76/SF
EGI
$120.9K $44.44/SF
− OpEx
−$54.4K −$20.00/SF
NOI
$66.5K $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 Rate 5%
$1,329,780
Cap Rate 7%
$949,843
Cap Rate 9%
$738,767
Alternative Uses
Best Use
Apartment 5plus
$949.8K
$831.1K – $1.11M
NOI $66,489 @ 7.0% cap · market cap 3.97%
Second Best
Multifamily LT 5
$643.1K
$562.8K – $750.3K
NOI $45,020 @ 7.0% cap · market cap 2.69%
Theoretical Best
Office A
$2.01M
$1.75M – $2.34M
NOI $140,365 @ 7.0% cap · market cap 8.38%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Location Intelligence
Trade Area within ½ mile
1,888
Businesses Nearby
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Business Placement
Demographics for 11105, NY
38,001
Population
17,518
Households
2.2
Avg Household Size
37
Median Age
55%
College-Educated
91%
High-School Grad
1.6 sq mi
ZIP Area
23,751
Density / Sq Mi
$100,306
Median Household Income
$62,464
Median Earnings
$2,211
Median Rent
$1,089,000
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
Frequently Asked Questions
What type of property is this?
Quadplex - Meticulously maintained four-family residence in the Ditmars–Astoria Park corridor.
Where is this quadplex located?
The property is located at 18-44 21st Drive 1F Queens, NY.
What is the asking price?
The asking price for this property is $1,675,000.
What are key features of this property?
This property features: Move‑in ready with recently renovated units and one vacant unit for immediate leasing or owner‑occupancy.; Prime location near Astoria Park, trendy dining, and Manhattan access.; Rare two‑car garage in a high‑demand neighborhood.
