Pre-War Two-Family
For Sale
$975,000
20-27 31ST St, Queens, NY 11105
Legal two-family townhouse with a finished basement, private porch, rear garden, and established tenancies.
Property Size2,304 SF
Price / SF$423.18
Days on Market49
Property Features for 20-27 31ST St
General Information
Standard status
Active
Size
2,304 SF
Property subtype
Multi Family
Units
Unit Mix
3BR/1BA duplex, 2BR/1BA
Multifamily Units
2
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$9,996
Amenities
garden
private front porch
finished basement
hardwood flooring
Building Details
Building Size
2,304 SF
Year Built
1930
Buildings
1
Stories
3
Units
2
Construction
Brick
Tenancy
Multi
Listing Agency:
Corcoran Group
Listed By:
Lucy Jia Bei Wu
(917) 678-1348
Source:
Elliman
Added: Sep 16
Changed: Oct 29
Last Checked: Nov 3 at 7:34AM
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 Corcoran Group
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Investment Insights
Based on property information with market context.
Built in 1930, this 18-foot-wide pre-war brick townhouse is configured as a legal two-family residence across three stories, with approximately 2,304 square feet including the finished basement. The first and second floors form a three-bedroom, one-bath duplex, while the third floor contains a separate two-bedroom, one-bath unit. The basement adds a third full bath. Hardwood flooring, front and rear exposures, a private front porch, and a rear garden complete the physical offering.
The property is located at 20-27 31ST St in the Ditmars-Steinway section of Queens. Astoria-Ditmars Boulevard provides access to the N and W subway lines, while Astoria Park, its riverfront promenade and pool, Ditmars Boulevard’s cafes and restaurants, and Steinway Street shopping are nearby. The property is delivered non-vacant, sold as-is, and available for cash purchasers; showings require 24-hour notice and residents are not to be disturbed.
The property is located at 20-27 31ST St in the Ditmars-Steinway section of Queens. Astoria-Ditmars Boulevard provides access to the N and W subway lines, while Astoria Park, its riverfront promenade and pool, Ditmars Boulevard’s cafes and restaurants, and Steinway Street shopping are nearby. The property is delivered non-vacant, sold as-is, and available for cash purchasers; showings require 24-hour notice and residents are not to be disturbed.
Key Highlights
- Legal two‑family layout with a three‑bedroom duplex and separate two‑bedroom third‑floor unit
- Approximately 2,304 square feet including the finished basement
- 18‑foot‑wide pre‑war brick townhouse built in 1930
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$56,320
Cap Rate
5.78%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,126,400
$1.1M
Cap Rate 7%
$804,571
$804.6K
Cap Rate 9%
$625,778
$625.8K
Market Conditions
NOI Build-Up for 2,304 SF
Gross rent
$106.4K $46.20/SF
− Vacancy
−$4.0K −$1.76/SF
EGI
$102.4K $44.44/SF
− OpEx
−$46.1K −$20.00/SF
NOI
$56.3K $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%
$1,126,400
Cap Rate 7%
$804,571
Cap Rate 9%
$625,778
Alternative Uses
Best Use
Apartment 5plus
$804.6K
$704.0K – $938.7K
NOI $56,320 @ 7.0% cap · market cap 5.78%
Second Best
Multifamily LT 5
$544.8K
$476.7K – $635.6K
NOI $38,135 @ 7.0% cap · market cap 3.91%
Theoretical Best
Office A
$1.70M
$1.49M – $1.98M
NOI $118,897 @ 7.0% cap · market cap 12.19%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
2,590
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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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Legal two-family townhouse with a finished basement, private porch, rear garden, and established tenancies.
Where is this duplex located?
The property is located at 20-27 31ST St Queens, NY.
What is the asking price?
The asking price for this property is $975,000.
What are key features of this property?
This property features: Legal two‑family layout with a three‑bedroom duplex and separate two‑bedroom third‑floor unit; Approximately 2,304 square feet including the finished basement; 18‑foot‑wide pre‑war brick townhouse built in 1930
