Residential Income Property with
For Sale
$1,399,000
21-31 25th Road, Astoria, NY 11102
1925-built property with fenced front and back yards, natural-gas baseboard heat, and an eat-in kitchen.
Property Size2,032 SF
Days on Market18
Property Features for 21-31 25th Road
General Information
Standard status
Active
Size
2,032 SF
Property subtype
Residential Income
Taxes and HOA fees
Annual Taxes
$6,426
Amenities
Baseboard, Natural Gas
Eat-in Kitchen, Kitchen Island, Open Floorplan, Storage
Fenced, Back Yard, Front Yard
No Garage, None
Awning(s)
Building Details
Building Size
2,032 SF
Year Built
1925
Listing Agency:
Carmela Homes Corp
(718) 932-3800
Listed By:
Carmela Vlacich · License #4OVL0647854
(718) 932-3800
Source:
Evrealestate
Added: Aug 4
Changed: Aug 10
Last Checked: Aug 21 at 5:22AM
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 Carmela Homes Corp
Investment Insights
Based on property information with market context.
This residential income property at 21-31 25th Road in Astoria includes an eat-in kitchen with an island, open floorplan, and storage. Interior features also include baseboard heating fueled by natural gas.
The exterior offers fenced front and back yards along with an awning. The property has no garage and is located in Queens, New York. Built in 1925, the asset provides a residential configuration with established site improvements.
The exterior offers fenced front and back yards along with an awning. The property has no garage and is located in Queens, New York. Built in 1925, the asset provides a residential configuration with established site improvements.
Key Highlights
- Built in 1925
- Fenced front and back yards
- Baseboard heating with natural gas
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
$49,671
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
3.55%
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%
$993,420
$993.4K
Cap Rate 7%
$709,586
$709.6K
Cap Rate 9%
$551,900
$551.9K
Market Conditions
NOI Build-Up for 2,032 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
$93.9K $46.20/SF
− Vacancy
−$3.6K −$1.76/SF
EGI
$90.3K $44.44/SF
− OpEx
−$40.6K −$20.00/SF
NOI
$49.7K $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%
$993,420
Cap Rate 7%
$709,586
Cap Rate 9%
$551,900
Alternative Uses
Best Use
Apartment 5plus
$709.6K
$620.9K – $827.9K
NOI $49,671 @ 7.0% cap · market cap 3.55%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.50M
$1.31M – $1.75M
NOI $104,861 @ 7.0% cap · market cap 7.50%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
3,582
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - 1925-built property with fenced front and back yards, natural-gas baseboard heat, and an eat-in kitchen.
Where is this residential income property located?
The property is located at 21-31 25th Road Astoria, NY.
What is the asking price?
The asking price for this property is $1,399,000.
What are key features of this property?
This property features: Built in 1925; Fenced front and back yards; Baseboard heating with natural gas
