Duplex with Finished
For Sale
$1,375,000
21830 110th Avenue, Queens Village, NY 11429
Two-unit home with separate access, refreshed interiors, solar panels, private parking, and a finished basement.
Property Size2,159 SF
Price / SF$636.87
Days on Market187
Property Features for 21830 110th Avenue
General Information
Standard status
Active
Size
2,159 SF
Property subtype
Residential Income
Additional Details
Public Transit
Yes
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$5,551
Amenities
updated kitchens
newer roof
refreshed stucco siding
solar panels
finished basement
new hot water tank
spacious backyard
private driveway parking
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:
Mahlerrealty
Added: Feb 24
Changed: Aug 29
Last Checked: Aug 25 at 9:22AM
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 two-family residence provides approximately 2,159 square feet across two units with independent entrances. Each residence features an open-concept arrangement, updated kitchens, substantial cabinetry, and generous counter space. The finished basement adds usable interior area, while a newer roof, stucco siding refreshed in 2026, and a new hot water tank installed in 2026 contribute to the property's updated condition. The home also includes 27 fully paid-off solar panels.
Exterior amenities include a spacious backyard and private driveway parking. The property is located near shopping, dining, the LIRR, and public transportation in Queens Village.
Exterior amenities include a spacious backyard and private driveway parking. The property is located near shopping, dining, the LIRR, and public transportation in Queens Village.
Key Highlights
- Two‑family property with separate entrances for each unit
- Approximately 2,159 sq. ft. of living space
- 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
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
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
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-unit home with separate access, refreshed interiors, solar panels, private parking, and a finished basement.
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: Two‑family property with separate entrances for each unit; Approximately 2,159 sq. ft. of living space; 27 fully paid‑off solar panels
