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    Three-Family Home with Detached Garage Title is generated by Realmo AI

    20-70 45th St, Queens, NY 11105

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    For Sale
    $2,999,000

    Three separate units with private outdoor space and off-street parking on two oversized lots.

    Type:Investment
    Lot size:
    0.15 Acres
    Added:
    Jun 4, 2026
    Days on Market:
    3
    Last Refresh:
    Jun 6 at 3:07 am

    Property Features for 20-70 45th St

    General Information

    Standard status
    Active
    Lot size
    0.15 Acres
    Property subtype
    Investment

    Building Details

    Year Built
    1925

    We can help!

    Listing Contact
    Ayleen Aybar

    Listing agent Ayleen Aybar License #1040129216

    Listing office RE/MAX Distinguished Homes & Properties

    Listing date Jun 4, 2026

    Source Elliman

    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 RE/MAX Distinguished Homes & Properties

    HighLights

    • Three‑family home built in 1925 on two oversized lots totaling 6,650 SF (each lot approx. 33.25 x 100 ft)
    • 3 unit layout: 2BR first‑floor, 3BR second‑floor, and 2BR third‑floor; each unit has its own kitchen, living space, and full bath
    • Basement includes laundry, sink, half bathroom, and multiple storage rooms
    • Private driveway with off‑street parking plus detached two‑car garage; additional storage sheds and patio area
    • Adjacent lot included and currently used as a landscaped open yard for level outdoor space; can be delivered vacant
    • BikeScore 76 (very bikeable), WalkScore 84 (very walkable), transitScore 69 (good transit) for nearby access

    Overview

    Set on two oversized lots totaling 6,650 square feet, this three-unit residence offers a straightforward, self-contained layout across three levels. The first floor features a 2-bedroom apartment, the second floor a 3-bedroom apartment, and the third floor a 2-bedroom apartment. Each unit includes its own kitchen, living space, and full bathroom. A basement adds additional utility with laundry, a sink, a half bathroom, and multiple storage rooms.

    The property includes a private driveway leading to a detached two-car garage, plus additional storage sheds and a generous patio area. The adjacent lot is included in the sale and is currently used as a landscaped open yard, creating more level outdoor space. The home can be delivered vacant. It is located in Astoria near parks, schools, shopping, dining, and public transportation, with bikeScore of 76, walkScore of 84, and transitScore of 69.

    This configuration supports a range of occupancy plans, including rental use with separate apartments or multigenerational living. With the added land and outdoor space, the property also offers flexibility for future repositioning or development/expansion, subject to proper approvals.
    Location Intelligence

    Current Use by Public Records

    Triplexes

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Gym & Fitness Center Grocery & Convenience Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Queens
    County
    Queens
    State
    New York
    Longitude
    -73.900175
    Latitude
    40.773519

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    FAQs

    What type of property is this?
    Triplex - Three separate units with private outdoor space and off-street parking on two oversized lots.
    Where is this triplex located?
    The property is located at 20-70 45th St Queens, NY.
    What is the asking price?
    The asking price for this property is $2,999,000.
    What are key features of this property?
    This property features: Three‑family home built in 1925 on two oversized lots totaling 6,650 SF (each lot approx. 33.25 x 100 ft); 3 unit layout: 2BR first‑floor, 3BR second‑floor, and 2BR third‑floor; each unit has its own kitchen, living space, and full bath; Basement includes laundry, sink, half bathroom, and multiple storage rooms
    (816) 812-6240
    We can help!
    Listing Contact
    Ayleen Aybar
    Real Estate License ID: 1040129216
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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