Updated Duplex with Finished
For Sale
$1,375,000
21830 110th Avenue, Queens Village, NY 11429
Two separate living units offer flexible occupancy with private driveway parking and outdoor space.
Property Size2,159 SF
Days on Market177
Property Features for 21830 110th Avenue
General Information
Standard status
Active
Size
2,159 SF
Property subtype
Residential Income
Taxes and HOA fees
Annual Taxes
$5,551
Building Details
Building Size
2,159 SF
Year Built
1920
Units
2
Listing Agency:
Lajara Realty Inc
(516) 519-8437
Listed By:
Ardiana K. Serrano
(516) 519-8437
Source:
Cohenandcohenrealty
Added: Feb 24
Changed: Aug 20
Last Checked: Aug 20 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 Lajara Realty Inc
Investment Insights
Based on property information with market context.
Built in 1920, this duplex contains approximately 2,159 square feet across two separate units, each with its own entrance. Both residences feature open-concept interiors, updated kitchens, ample cabinetry, and generous counter space. A fully finished basement adds usable interior area, while the property also includes a newer roof, refreshed stucco siding completed in 2026, and 27 fully paid-off solar panels. A new hot water tank was installed in 2026.
The exterior provides a spacious backyard and private driveway parking. Its Queens Village setting places the home near shopping, dining, the LIRR, and public transportation. The two-unit layout can accommodate an owner-occupant seeking rental income from the second residence or continued use as a two-family property.
The exterior provides a spacious backyard and private driveway parking. Its Queens Village setting places the home near shopping, dining, the LIRR, and public transportation. The two-unit layout can accommodate an owner-occupant seeking rental income from the second residence or continued use as a two-family property.
Key Highlights
- Approximately 2,159 sq. ft. duplex with 2 separate living units
- Private entrances for both units
- Fully finished basement with new hot water tank installed in 2026
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
$52,776
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
3.84%
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%
$1,055,520
$1.1M
Cap Rate 7%
$753,943
$753.9K
Cap Rate 9%
$586,400
$586.4K
Market Conditions
NOI Build-Up for 2,159 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
$99.7K $46.20/SF
− Vacancy
−$3.8K −$1.76/SF
EGI
$96.0K $44.44/SF
− OpEx
−$43.2K −$20.00/SF
NOI
$52.8K $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%
$1,055,520
Cap Rate 7%
$753,943
Cap Rate 9%
$586,400
Alternative Uses
Best Use
Apartment 5plus
$753.9K
$659.7K – $879.6K
NOI $52,776 @ 7.0% cap · market cap 3.84%
Second Best
Multifamily LT 5
$510.5K
$446.7K – $595.6K
NOI $35,735 @ 7.0% cap · market cap 2.60%
Theoretical Best
Office A
$1.59M
$1.39M – $1.86M
NOI $111,415 @ 7.0% cap · market cap 8.10%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
955
Businesses Nearby
Explore this area
Business Placement
Demographics for 11429, NY
25,895
Population
8,601
Households
3
Avg Household Size
41
Median Age
27%
College-Educated
84%
High-School Grad
1.3 sq mi
ZIP Area
19,919
Density / Sq Mi
$98,232
Median Household Income
$45,053
Median Earnings
$1,605
Median Rent
$646,200
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two separate living units offer flexible occupancy with private driveway parking and outdoor space.
Where is this duplex located?
The property is located at 21830 110th Avenue Queens Village, NY.
What is the asking price?
The asking price for this property is $1,375,000.
What are key features of this property?
This property features: Approximately 2,159 sq. ft. duplex with 2 separate living units; Private entrances for both units; Fully finished basement with new hot water tank installed in 2026
