Two-Family Brick Home with
22-48 43rd Street Queens, NY 11105
For Sale
$1,288,000
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$816.74
Days on Market39
Property Features for 22-48 43rd Street
General Information
- Standard status
- Active
- Size
- 1,577 SF
- Lot size
- 0.05 Acres
- Property subtype
- Duplex
Building Details
- Year Built
- 1920
Listing Agency:
Carmela Homes Corp
(718) 932-3800
Listed By:
Carmela Vlacich · License #40VL0647854
(718) 932-3800
Source:
Compass
Added: Jun 15
Changed: Jul 22
Last Checked: Jul 23 at 9:56AM
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
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 For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $72.9k | $46.20 |
| − Vacancy | −$2.8k | −$1.76 |
| EGI | $70.1k | $44.44 |
| − OpEx | −$31.5k | −$20.00 |
| NOI | $38.5k | $24.44 |
1,577 SF · lease $46.20/SF/yr · vacancy 3.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$550.7K
$481.9K – $642.5K
NOI $38,549 @ 7.0% cap · market cap 2.99%
Second Best
Multifamily LT 5
$372.9K
$326.3K – $435.0K
NOI $26,102 @ 7.0% cap · market cap 2.03%
Theoretical Best
Office A
$1.16M
$1.02M – $1.36M
NOI $81,381 @ 7.0% cap · market cap 6.32%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
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 Queens, NY.
What is the asking price?
The asking price for this property is $1,288,000.
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.
