Two-Family Duplex with Finished
For Sale
$1,154,000
21830 110th Avenue, Queens Village, NY 11429
Residential Income, Queens Village, NY
Property Size2,159 SF
Lot Size0.09 Acres
Price / SF$534.51
Days on Market211
Property Features for 21830 110th Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
6
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 2, Bathroom 2, Bedroom 6, Basement, Bedroom 3, Bedroom 5, Bathroom 1, Bedroom 1, Bedroom 4
Parking features
Driveway
Interior features
Entrance Foyer, His and Hers Closets, Open Floorplan, Open Kitchen, Washer/Dryer Hookup
Exterior features
Mailbox
Basement
Full, Finished, Walk-Out Access
Lot features
Back Yard, Front Yard, Level, Near Public Transit, Near School, Near Shops
Elementary school district
Queens 29
Middle school district
Queens 29
High school district
Queens 29
Directions
Springfield Blvd to 110 Ave
Standard status
Active
APN
11198-0104
Lot size
0.09 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
5551
Utilities
Utilities
Natural Gas Available
Sewer type
Public Sewer
Heating system
Steam
Water source
Public
Amenities
backyard
private driveway parking
solar panels
finished basement
Building Details
Year built
1920
Number of units
2
Building materials
Frame, Stucco
Architectural style
Colonial
Listing Agency:
Lajara Realty Inc
(718) 607-7313
Listed By:
Ardiana K. Serrano
(516) 519-8437
Added: Feb 20
Changed: Sep 18
Last Checked: Sep 19 at 12:06PM
MLS# 963956
Copyright © 2026 OneKey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 1920 Colonial duplex contains two residential units with separate entrances and approximately 2,159 square feet of living area. Each unit offers an open floor plan, updated kitchen cabinetry, generous counter space, and washer/dryer hookups. The finished basement includes a new hot water tank installed in 2026. Additional improvements include a newer roof, refreshed stucco siding completed in 2026, and 27 fully paid-off solar panels.
The 0.0861-acre property includes a spacious backyard and private driveway parking. Public water and public sewer serve the home, with natural gas available. Shopping, dining, the LIRR, and public transportation are located nearby in Queens Village.
The 0.0861-acre property includes a spacious backyard and private driveway parking. Public water and public sewer serve the home, with natural gas available. Shopping, dining, the LIRR, and public transportation are located nearby in Queens Village.
Key Highlights
- Two‑family duplex with approximately 2,159 sq. ft. of living area
- Separate entrances provide distinct access for both units
- 27 fully paid‑off solar panels
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
4.57%
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 4.57%
Second Best
Multifamily LT 5
$510.5K
$446.7K – $595.6K
NOI $35,735 @ 7.0% cap · market cap 3.10%
Theoretical Best
Office A
$1.59M
$1.39M – $1.86M
NOI $111,415 @ 7.0% cap · market cap 9.65%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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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 - Separate-entry units, updated kitchens, private driveway parking, and a finished basement support flexible residential use.
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 $1,154,000.
What are key features of this property?
This property features: Two‑family duplex with approximately 2,159 sq. ft. of living area; Separate entrances provide distinct access for both units; 27 fully paid‑off solar panels
