Renovated Two-Family
2031 21st St Queens, NY 11105
For Sale
$1,400,000
Renovated two-family home with new kitchen appliances and new bathrooms, plus large front and backyard.
Property Size3,300 SF
Lot Size0.08 Acres
Price / SF$424.24
Days on Market80
Property Features for 2031 21st St
General Information
Standard status
Active
Size
3,300 SF
Lot size
0.08 Acres
Property subtype
Investment
Building Details
Year Built
1945
Listing Agency:
(917) 207-0591
Listed By:
John G. Fucich
(917) 207-0591
Source:
Elliman
Added: May 10
Changed: Jul 22
Last Checked: Jul 23 at 10:41AM
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 John G. Fucich
Investment Insights
Based on property information with market context.
This renovated two-family residence features new kitchens with stainless-steel appliances and new bathrooms. The property also offers a large front and backyard, along with room for parking with three parking spots.
The home sits on a lot with dimensions of 22' by 150', with the building footprint also measuring 22' by 150'. Zoning is listed as R5.
BikeScore is 56 and WalkScore is 79, with a transitScore of 64, indicating the area is bikeable, very walkable, and served by good transit.
The home sits on a lot with dimensions of 22' by 150', with the building footprint also measuring 22' by 150'. Zoning is listed as R5.
BikeScore is 56 and WalkScore is 79, with a transitScore of 64, indicating the area is bikeable, very walkable, and served by good transit.
Key Highlights
- Renovated two‑family home built in 1945
- New kitchen with stainless‑steel appliances
- New bathrooms
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $152.5k | $46.20 |
| − Vacancy | −$5.8k | −$1.76 |
| EGI | $146.7k | $44.44 |
| − OpEx | −$66.0k | −$20.00 |
| NOI | $80.7k | $24.44 |
3,300 SF · lease $46.20/SF/yr · vacancy 3.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.15M
$1.01M – $1.34M
NOI $80,667 @ 7.0% cap · market cap 5.76%
Second Best
Multifamily LT 5
$780.3K
$682.8K – $910.3K
NOI $54,620 @ 7.0% cap · market cap 3.90%
Theoretical Best
Office A
$2.43M
$2.13M – $2.84M
NOI $170,296 @ 7.0% cap · market cap 12.16%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Duplex - Renovated two-family home with new kitchen appliances and new bathrooms, plus large front and backyard.
Where is this duplex located?
The property is located at 2031 21st St Queens, NY.
What is the asking price?
The asking price for this property is $1,400,000.
What are key features of this property?
This property features: Renovated two‑family home built in 1945; New kitchen with stainless‑steel appliances; New bathrooms
