Astoria Three-Family House with
For Sale
$1,699,000
Pending
22-31 47th St, Queens, NY 11105
Charming three-family house in Astoria with parking and outdoor space.
Property Size2,680 SF
Lot Size0.07 Acres
Days on Market211
Property Features for 22-31 47th St
General Information
Standard status
Pending
Size
2,680 SF
Lot size
0.07 Acres
Property subtype
Multi Family
Taxes and HOA fees
Annual Taxes
$11,916
Building Details
Building Size
2,680 SF
Year Built
1965
Units
3
Listing Agency:
Compass
Listed By:
Marc A Dimov
(516) 728-6521
Source:
Elliman
Added: Mar 11
Changed: Oct 2
Last Checked: Oct 7 at 1:48PM
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 Compass
Investment Insights
Based on property information with market context.
This semi-attached brick three-family house is located in the Ditmars section of Astoria. The property, suitable for investors or owner-occupiers, has an interior square footage of 2,618 and sits on a 25x120 lot. It features a one-bedroom, one-bathroom apartment on the ground floor with private outdoor space, and two two-bedroom, one-bathroom apartments on the upper floors. The property includes a front driveway and garage, along with a shared side driveway providing additional rear parking spaces for up to six cars. The building has East, West, and North exposures. The location provides convenient access to dining, shopping, and entertainment. Transportation options include proximity to the Grand Central Parkway, Brooklyn Queens Expressway, RFK Bridge, and the N/W train at Ditmars Blvd. This property is ideal for multi-generational living or as an income-producing investment.
Key Highlights
- Legal 3‑family house in the Ditmars section of Astoria, suitable for investors or owner‑occupiers.
- Includes a 1 Bed/1 Bath apartment with private outdoor space and two 2 Beds/1 Bath apartments.
- Ample parking space with a front driveway, garage, and shared side driveway with additional rear parking for up to six cars.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$63,995
Cap Rate
3.77%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,279,900
$1.3M
Cap Rate 7%
$914,214
$914.2K
Cap Rate 9%
$711,056
$711.1K
Market Conditions
NOI Build-Up for 2,618 SF
Gross rent
$121.0K $46.20/SF
− Vacancy
−$4.6K −$1.76/SF
EGI
$116.4K $44.44/SF
− OpEx
−$52.4K −$20.00/SF
NOI
$64.0K $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%
$1,279,900
Cap Rate 7%
$914,214
Cap Rate 9%
$711,056
Alternative Uses
Best Use
Apartment 5plus
$914.2K
$799.9K – $1.07M
NOI $63,995 @ 7.0% cap · market cap 3.77%
Second Best
Multifamily LT 5
$619.0K
$541.7K – $722.2K
NOI $43,332 @ 7.0% cap · market cap 2.55%
Theoretical Best
Office A
$1.93M
$1.69M – $2.25M
NOI $135,101 @ 7.0% cap · market cap 7.95%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
2,339
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
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
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Frequently Asked Questions
What type of property is this?
Triplex - Charming three-family house in Astoria with parking and outdoor space.
Where is this triplex located?
The property is located at 22-31 47th St Queens, NY.
What is the asking price?
The asking price for this property is $1,699,000.
What are key features of this property?
This property features: Legal 3‑family house in the Ditmars section of Astoria, suitable for investors or owner‑occupiers.; Includes a 1 Bed/1 Bath apartment with **private outdoor space** and two 2 Beds/1 Bath apartments.; Ample parking space with a front driveway, garage, and shared side driveway with additional rear parking for up to six cars.
