Two-Unit Brick Duplex with
21-08 Ditmars Boulevard, Astoria, NY 11105
For Sale
$1,549,000
Two residential units sit above a finished basement, with a shared rear driveway and detached garage.
Property Size2,000 SF
Price / SF$774.50
Days on Market61
Property Features for 21-08 Ditmars Boulevard
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Site & Location
Highway Access
Road Access
Public Transit
Units
Unit Mix
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
garden
Galley Type Kitchen
Recessed Lighting
Building Details
Building Size
Year Built
Buildings
Units
Construction
Listing Agency:
Compass Greater NY LLC
(212) 913-9058
Listed By:
Bianca A. Colasuonno
(347) 946-0050
Source:
Jwsrealtygroup
Added: Sep 9
Changed: Nov 7
Last Checked: Nov 7 at 7:32PM
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 Compass Greater NY LLC
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Investment Insights
Based on property information with market context.
This semi-detached, two-family brick home contains approximately 2,000 square feet, with each floor offering about 1,000 square feet. The upper apartment has two bedrooms and can be configured for three; the lower apartment has two bedrooms. A finished basement adds usable space, and the property includes a front yard, garden, shared driveway, and detached two-car garage with additional rear parking. Built in 1920, the residence retains its original two-family configuration.
The property is on Ditmars Boulevard in Astoria, a short walk from the Ditmars Boulevard subway station and near Astoria Park. Shops, restaurants, cafés, and everyday services are in the surrounding neighborhood. The location also provides access to the RFK/Triboro Bridge, Grand Central Parkway, and area bike lanes.
The property is on Ditmars Boulevard in Astoria, a short walk from the Ditmars Boulevard subway station and near Astoria Park. Shops, restaurants, cafés, and everyday services are in the surrounding neighborhood. The location also provides access to the RFK/Triboro Bridge, Grand Central Parkway, and area bike lanes.
Key Highlights
- Two‑family brick residence with approximately 2,000 square feet
- Upper apartment has two bedrooms with potential for a three‑bedroom layout; lower apartment has two bedrooms
- Finished basement, front yard, and garden
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$48,889
Cap Rate
3.16%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$977,780
$977.8K
Cap Rate 7%
$698,414
$698.4K
Cap Rate 9%
$543,211
$543.2K
Market Conditions
NOI Build-Up for 2,000 SF
Gross rent
$92.4K $46.20/SF
− Vacancy
−$3.5K −$1.76/SF
EGI
$88.9K $44.44/SF
− OpEx
−$40.0K −$20.00/SF
NOI
$48.9K $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%
$977,780
Cap Rate 7%
$698,414
Cap Rate 9%
$543,211
Alternative Uses
Best Use
Apartment 5plus
$698.4K
$611.1K – $814.8K
NOI $48,889 @ 7.0% cap · market cap 3.16%
Second Best
Multifamily LT 5
$472.9K
$413.8K – $551.7K
NOI $33,103 @ 7.0% cap · market cap 2.14%
Theoretical Best
Office A
$1.47M
$1.29M – $1.72M
NOI $103,210 @ 7.0% cap · market cap 6.66%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Yes
Highway access
Yes
Paved road access
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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Market
Properties on Market for Duplexes in Astoria
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two residential units sit above a finished basement, with a shared rear driveway and detached garage.
Where is this duplex located?
The property is located at 21-08 Ditmars Boulevard Astoria, NY.
What is the asking price?
The asking price for this property is $1,549,000.
What are key features of this property?
This property features: Two‑family brick residence with approximately 2,000 square feet; Upper apartment has two bedrooms with potential for a three‑bedroom layout; lower apartment has two bedrooms; Finished basement, front yard, and garden
