Duplex Residential Income
For Sale
$1,345,000
21-31 Shore Boulevard 1B, Queens, NY 11105
A two-level floor plan pairs an open main living area with a spacious lower level that can be configured for multiple purposes.
Property Size2,045 SF
Price / SF$657.70
Days on Market196
Property Features for 21-31 Shore Boulevard 1B
General Information
Standard status
Active
Size
2,045 SF
Property subtype
Apartment
Units
Unit Mix
1 x 2BR/2BA
Multifamily Units
1
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$10,776
Amenities
fitness center
playroom
rooftop terrace
Building Details
Building Size
2,045 SF
Year Built
2025
Listing Agency:
Daniel Gale of Brooklyn LLC
Listed By:
Jose F Nunez
(516) 650-5339
Source:
Decodenyc
Added: Apr 17
Changed: Oct 27
Last Checked: Oct 27 at 4:11AM
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 Daniel Gale of Brooklyn LLC
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Investment Insights
Based on property information with market context.
This 2,045-square-foot duplex residence has two bedrooms and two bathrooms across two levels. The main floor features an open living and dining arrangement, oversized windows, wide-plank oak flooring, and a kitchen with Italian marble counters and backsplash, a Bertazzoni range, and a Liebherr refrigerator. The primary bedroom has a walk-in closet and an en-suite bath with heated floors; the second bedroom can serve as a guest room or office. The lower level offers a large flexible area, and the building was completed in 2025.
At 21-31 Shore Boulevard, the property is across from the East River and moments from Astoria Park, with waterfront trails, tennis courts, green space, and a public swimming pool nearby. The N and R subway lines are also nearby. Building amenities include a fitness center, children’s playroom, and shared rooftop terrace. Deeded parking with electric-vehicle charging preparation is available as an optional purchase.
At 21-31 Shore Boulevard, the property is across from the East River and moments from Astoria Park, with waterfront trails, tennis courts, green space, and a public swimming pool nearby. The N and R subway lines are also nearby. Building amenities include a fitness center, children’s playroom, and shared rooftop terrace. Deeded parking with electric-vehicle charging preparation is available as an optional purchase.
Key Highlights
- 2,045‑square‑foot duplex with two bedrooms and two bathrooms
- Completed in 2025
- Open main‑level layout with oversized windows and wide‑plank oak flooring
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$49,989
Cap Rate
3.72%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$999,780
$999.8K
Cap Rate 7%
$714,129
$714.1K
Cap Rate 9%
$555,433
$555.4K
Market Conditions
NOI Build-Up for 2,045 SF
Gross rent
$94.5K $46.20/SF
− Vacancy
−$3.6K −$1.76/SF
EGI
$90.9K $44.44/SF
− OpEx
−$40.9K −$20.00/SF
NOI
$50.0K $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%
$999,780
Cap Rate 7%
$714,129
Cap Rate 9%
$555,433
Alternative Uses
Best Use
Apartment 5plus
$714.1K
$624.9K – $833.2K
NOI $49,989 @ 7.0% cap · market cap 3.72%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.51M
$1.32M – $1.76M
NOI $105,532 @ 7.0% cap · market cap 7.85%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
849
Businesses Nearby
Explore this area
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
Frequently Asked Questions
What type of property is this?
Residential income property - A two-level floor plan pairs an open main living area with a spacious lower level that can be configured for multiple purposes.
Where is this residential income property located?
The property is located at 21-31 Shore Boulevard 1B Queens, NY.
What is the asking price?
The asking price for this property is $1,345,000.
What are key features of this property?
This property features: 2,045‑square‑foot duplex with two bedrooms and two bathrooms; Completed in 2025; Open main‑level layout with oversized windows and wide‑plank oak flooring
