Two-Family Brick Home with
For Sale
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22-48 43rd Street, Astoria, NY 11105
Brick two-family home with finished basement, private backyard access from the first floor, and parking for two vehicles.
Property Size1,577 SF
Lot Size0.05 Acres
Price / SF$835.76
Days on Market136
Property Features for 22-48 43rd Street
General Information
Standard status
Active
Size
1,577 SF
Total Parking Spaces
2
Lot size
0.05 Acres
Property subtype
Multifamily
Zoning
R5
Additional Details
Multifamily Units
2
Building Details
Year Built
1920
Year Renovated
2024
Buildings
1
Stories
2
Units
2
Construction
brick
Tenancy
Multi
Listing Agency:
Carmela Homes Corp.
Listed By:
Carmela Vlacich · License #NY 4OVL0647854
(917) 882-4238
Source:
Crexi
Added: Jun 15
Changed: Oct 26
Last Checked: Oct 28 at 8:21AM
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 Carmela Homes Corp.
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Investment Insights
Based on property information with market context.
This brick two-family home offers flexible living and rental configuration. The first floor includes a kitchen, living room, two bedrooms, a full bathroom, and direct access to a private backyard, along with an additional small room that can serve as an office, reading nook, or sunroom. The second floor features a kitchen, living room, one bedroom, a full bathroom, and generous storage. A fully finished basement adds further usable space for a recreation room, home office, and/or additional storage.
The property is located in the Ditmars area of Astoria, just steps from Ditmars Boulevard’s cafés, restaurants, and markets. It is within walking distance to the N/W subway and Astoria Park.
Recent improvements include a new roof, windows, hot water heater, and radiators installed in 2024. Outdoors, the home has a large backyard, with room for parking two vehicles.
The property is located in the Ditmars area of Astoria, just steps from Ditmars Boulevard’s cafés, restaurants, and markets. It is within walking distance to the N/W subway and Astoria Park.
Recent improvements include a new roof, windows, hot water heater, and radiators installed in 2024. Outdoors, the home has a large backyard, with room for parking two vehicles.
Key Highlights
- Brick 2‑family home in the Ditmars area of Astoria (Lot size 20 x 100).
- 1st floor layout: kitchen, living room, 2 bedrooms, 1 full bath, plus access to a private backyard.
- 2nd floor apartment: kitchen, living room, 1 bedroom, 1 full bath, and generous storage space.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$38,549
Cap Rate
2.92%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$770,980
$771.0K
Cap Rate 7%
$550,700
$550.7K
Cap Rate 9%
$428,322
$428.3K
Market Conditions
NOI Build-Up for 1,577 SF
Gross rent
$72.9K $46.20/SF
− Vacancy
−$2.8K −$1.76/SF
EGI
$70.1K $44.44/SF
− OpEx
−$31.5K −$20.00/SF
NOI
$38.5K $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%
$770,980
Cap Rate 7%
$550,700
Cap Rate 9%
$428,322
Alternative Uses
Best Use
Apartment 5plus
$550.7K
$481.9K – $642.5K
NOI $38,549 @ 7.0% cap · market cap 2.92%
Second Best
Multifamily LT 5
$372.9K
$326.3K – $435.0K
NOI $26,102 @ 7.0% cap · market cap 1.98%
Theoretical Best
Office A
$1.16M
$1.02M – $1.36M
NOI $81,381 @ 7.0% cap · market cap 6.17%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
3,076
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Brick two-family home with finished basement, private backyard access from the first floor, and parking for two vehicles.
Where is this duplex located?
The property is located at 22-48 43rd Street Astoria, NY.
What is the asking price?
The asking price for this property is $1,318,000.
What are key features of this property?
This property features: Brick 2‑family home in the Ditmars area of Astoria (Lot size 20 x 100).; 1st floor layout: kitchen, living room, 2 bedrooms, 1 full bath, plus access to a private backyard.; 2nd floor apartment: kitchen, living room, 1 bedroom, 1 full bath, and generous storage space.
