Renovated Brick
For Sale
$1,990,000
20-49 49th Street, Astoria, NY 11105
Three-level property with seven bedrooms, five-and-a-half bathrooms, and a finished basement.
Property Size2,314 SF
Lot Size0.07 Acres
Days on Market134
Property Features for 20-49 49th Street
General Information
Standard status
Active
Size
2,314 SF
Lot size
0.07 Acres
Property subtype
Duplex
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$11,840
Building Details
Building Size
2,314 SF
Year Built
2009
Year Renovated
2025
Buildings
1
Stories
3
Construction
brick
Listing Agency:
Prospes Real Estate Corp
(347) 885-8668
Listed By:
Huanyan Li
Source:
Serhant
Added: Apr 20
Changed: Aug 29
Last Checked: Aug 31 at 12:40AM
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 Prospes Real Estate Corp
Investment Insights
Based on property information with market context.
This brick triplex was built in 2009 and renovated in 2025. The approximately 3,080 sq ft property is arranged across three levels, with a duplex configuration spanning the first and second floors. That portion includes 4 bedrooms and 3 baths, while the third-floor unit provides 3 bedrooms and 2 baths. A finished basement adds further usable space and includes a half bath.
The property occupies a 40 ft x 77 ft lot at 20-49 49th Street in Astoria, NY 11105. The surrounding area includes public transportation, schools, shopping, and dining, providing access to a range of daily services and amenities.
The property occupies a 40 ft x 77 ft lot at 20-49 49th Street in Astoria, NY 11105. The surrounding area includes public transportation, schools, shopping, and dining, providing access to a range of daily services and amenities.
Key Highlights
- Three‑level triplex configuration with 7 bedrooms and 5.5 bathrooms
- Renovated in 2025; original construction dates to 2009
- Duplex arrangement on the first and second floors with 4 bedrooms and 3 baths
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
$56,564
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
2.84%
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%
$1,131,280
$1.1M
Cap Rate 7%
$808,057
$808.1K
Cap Rate 9%
$628,489
$628.5K
Market Conditions
NOI Build-Up for 2,314 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
$106.9K $46.20/SF
− Vacancy
−$4.1K −$1.76/SF
EGI
$102.8K $44.44/SF
− OpEx
−$46.3K −$20.00/SF
NOI
$56.6K $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%
$1,131,280
Cap Rate 7%
$808,057
Cap Rate 9%
$628,489
Alternative Uses
Best Use
Apartment 5plus
$808.1K
$707.1K – $942.7K
NOI $56,564 @ 7.0% cap · market cap 2.84%
Second Best
Multifamily LT 5
$547.1K
$478.8K – $638.3K
NOI $38,300 @ 7.0% cap · market cap 1.92%
Theoretical Best
Office A
$1.71M
$1.49M – $1.99M
NOI $119,414 @ 7.0% cap · market cap 6.00%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,339
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Three-level property with seven bedrooms, five-and-a-half bathrooms, and a finished basement.
Where is this triplex located?
The property is located at 20-49 49th Street Astoria, NY.
What is the asking price?
The asking price for this property is $1,990,000.
What are key features of this property?
This property features: Three‑level triplex configuration with 7 bedrooms and 5.5 bathrooms; Renovated in 2025; original construction dates to 2009; Duplex arrangement on the first and second floors with 4 bedrooms and 3 baths
