Brick Two-Family
For Sale
$1,398,888
21-23 29th Avenue, Astoria, NY 11102
Semi-detached property with finished basement, separate entry, and private garage.
Property Size1,600 SF
Days on Market49
Property Features for 21-23 29th Avenue
General Information
Standard status
Active
Size
1,600 SF
Total Parking Spaces
2
Property subtype
Duplex
Units
Unit Mix
1 x 2BR/1BA, 1 x 3BR/1BA
Multifamily Units
2
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$9,112
Amenities
full finished basement
Building Details
Building Size
1,600 SF
Year Built
1935
Construction
brick
Listing Agency:
Keller Williams Rlty Landmark
Listed By:
Deirdre A. Folan · License #10301200720
(718) 475-2724
Source:
Serhant
Added: Sep 16
Changed: Oct 31
Last Checked: Nov 1 at 2:40PM
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 Keller Williams Rlty Landmark
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Investment Insights
Based on property information with market context.
Built in 1935, this all-brick semi-detached residence is configured as a legal two-family property. The main level includes a living room, kitchen, two bedrooms, and one full bath. The upper level adds another living room and kitchen, along with three bedrooms and one full bath.
A fully finished basement provides a family room, high ceilings, one full bath, and its own entrance. The property also includes a two-car garage. Major updates include the gas heating system, roof, and electrical panel. Located at 21-23 29th Avenue in Astoria, the property is near transportation and shopping.
A fully finished basement provides a family room, high ceilings, one full bath, and its own entrance. The property also includes a two-car garage. Major updates include the gas heating system, roof, and electrical panel. Located at 21-23 29th Avenue in Astoria, the property is near transportation and shopping.
Key Highlights
- Legal two‑family, semi‑detached all‑brick residence
- Main level with 2 bedrooms and 1 full bath
- Second floor with 3 bedrooms and 1 full bath
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$39,111
Cap Rate
2.80%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$782,220
$782.2K
Cap Rate 7%
$558,729
$558.7K
Cap Rate 9%
$434,567
$434.6K
Market Conditions
NOI Build-Up for 1,600 SF
Gross rent
$73.9K $46.20/SF
− Vacancy
−$2.8K −$1.76/SF
EGI
$71.1K $44.44/SF
− OpEx
−$32.0K −$20.00/SF
NOI
$39.1K $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%
$782,220
Cap Rate 7%
$558,729
Cap Rate 9%
$434,567
Alternative Uses
Best Use
Apartment 5plus
$558.7K
$488.9K – $651.9K
NOI $39,111 @ 7.0% cap · market cap 2.80%
Second Best
Multifamily LT 5
$378.3K
$331.0K – $441.4K
NOI $26,483 @ 7.0% cap · market cap 1.89%
Theoretical Best
Office A
$1.18M
$1.03M – $1.38M
NOI $82,568 @ 7.0% cap · market cap 5.90%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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See the owner, sales and loan history
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
3,397
Businesses Nearby
Explore this area
Business Placement
Demographics for 11102, NY
37,468
Population
19,431
Households
1.9
Avg Household Size
36
Median Age
58%
College-Educated
90%
High-School Grad
0.7 sq mi
ZIP Area
53,526
Density / Sq Mi
$102,996
Median Household Income
$70,557
Median Earnings
$2,248
Median Rent
$779,800
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Semi-detached property with finished basement, separate entry, and private garage.
Where is this duplex located?
The property is located at 21-23 29th Avenue Astoria, NY.
What is the asking price?
The asking price for this property is $1,398,888.
What are key features of this property?
This property features: Legal two‑family, semi‑detached all‑brick residence; Main level with 2 bedrooms and 1 full bath; Second floor with 3 bedrooms and 1 full bath
