Two-Family Brick Home with Private
For Sale
$1,369,000
23-19 32ND STREET, Astoria, NY 11105
MULTI_FAMILY - ASTORIA, NY
Property Size2,016 SF
Price / SF$679.07
Days on Market141
Property Features for 23-19 32ND STREET
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
4
Bathrooms
3
Full bathrooms
3
Rooms
Bathroom 2, Bathroom 1, Bathroom 3, Bedroom 2, Bedroom 4, Bedroom 1, Bedroom 3
Subdivision
Astoria
Standard status
Active
Amenities
backyard
basement
balcony
washer/dryer
separate heating and hot water systems
Building Details
Floors in Building
2
Listing Agency:
METROPOLIS INTERNATIONAL REALTY INC
(718) 545-9700
Listed By:
Angela Metaras
(718) 545-9700
Added: Mar 17
Changed: Aug 4
Last Checked: Aug 4 at 7:06PM
MLS# 11831476
Copyright © 2026 My State 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.
A newer two-family brick home with residential rental potential, built in 2004 and laid out to support two distinct units. The ground level features a studio apartment with an open living/sleeping area, kitchen, and full bathroom. The second and third floors operate as a large three-bedroom duplex, with a very large living room, an eat-in kitchen and dining area, and a balcony off the kitchen. A full bathroom is included on the second floor, and the third floor adds three bedrooms, a full bathroom, and a washer and dryer for in-unit laundry.
The property includes private parking (no garage), a nice-sized backyard, and a basement. Each apartment has its own separate heating and hot water systems. The building is approximately 2,016 SF with building dimensions of 20 ft x 50.5 ft.
Located on a residential block in Astoria near 23rd Avenue and 32nd Street, the home is positioned close to shopping, restaurants, parks, and public transportation.
The property includes private parking (no garage), a nice-sized backyard, and a basement. Each apartment has its own separate heating and hot water systems. The building is approximately 2,016 SF with building dimensions of 20 ft x 50.5 ft.
Located on a residential block in Astoria near 23rd Avenue and 32nd Street, the home is positioned close to shopping, restaurants, parks, and public transportation.
Key Highlights
- Built in 2004 newer two‑family brick home
- Ground‑level studio apartment plus a three‑bedroom duplex on the second and third floors
- Balcony off the eat‑in kitchen and dining area
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 | $93.1k | $46.20 |
| − Vacancy | −$3.5k | −$1.76 |
| EGI | $89.6k | $44.44 |
| − OpEx | −$40.3k | −$20.00 |
| NOI | $49.3k | $24.44 |
2,016 SF · lease $46.20/SF/yr · vacancy 3.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$704.0K
$616.0K – $821.3K
NOI $49,280 @ 7.0% cap · market cap 3.60%
Second Best
Multifamily LT 5
$476.7K
$417.1K – $556.1K
NOI $33,368 @ 7.0% cap · market cap 2.44%
Theoretical Best
Office A
$1.49M
$1.30M – $1.73M
NOI $104,035 @ 7.0% cap · market cap 7.60%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
5,372
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
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-family brick home with a studio ground level, a three-bedroom duplex above, private parking, and a backyard.
Where is this duplex located?
The property is located at 23-19 32ND STREET Astoria, NY.
What is the asking price?
The asking price for this property is $1,369,000.
What are key features of this property?
This property features: Built in 2004 newer two‑family brick home; Ground‑level studio apartment plus a three‑bedroom duplex on the second and third floors; Balcony off the eat‑in kitchen and dining area
