Duplex
For Sale
$1,300,000
Pending
23-33 24th Street, Astoria, NY 11105
As-is duplex requiring substantial rehabilitation and appliance installation.
Property Size3,120 SF
Days on Market54
Property Features for 23-33 24th Street
General Information
Standard status
Pending
Size
3,120 SF
Property subtype
Duplex
Property Condition
Severity
Major Repairs Needed
Evidence
needs extensive repairs
Taxes and HOA fees
Annual Taxes
$11,848
Building Details
Building Size
3,120 SF
Year Built
1925
Listing Agency:
Winzone Realty Inc
Listed By:
Asad M. Bajwa
(718) 899-7000
Source:
Serhant
Added: Sep 11
Changed: Nov 2
Last Checked: Nov 1 at 3:44PM
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 Winzone Realty Inc
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Investment Insights
Based on property information with market context.
This duplex property dates to 1925 and is offered in its current as-is condition. The house requires extensive repairs, and appliances are not included. Located at 23-33 24th Street in Astoria, NY, the property presents a renovation-focused opportunity for a buyer seeking a residential income asset.
Key Highlights
- Duplex property
- Built in 1925
- Extensive repairs required
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$76,267
Cap Rate
5.87%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,525,340
$1.5M
Cap Rate 7%
$1,089,529
$1.1M
Cap Rate 9%
$847,411
$847.4K
Market Conditions
NOI Build-Up for 3,120 SF
Gross rent
$144.1K $46.20/SF
− Vacancy
−$5.5K −$1.76/SF
EGI
$138.7K $44.44/SF
− OpEx
−$62.4K −$20.00/SF
NOI
$76.3K $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%
$1,525,340
Cap Rate 7%
$1,089,529
Cap Rate 9%
$847,411
Alternative Uses
Best Use
Apartment 5plus
$1.09M
$953.3K – $1.27M
NOI $76,267 @ 7.0% cap · market cap 5.87%
Second Best
Multifamily LT 5
$737.7K
$645.5K – $860.7K
NOI $51,641 @ 7.0% cap · market cap 3.97%
Theoretical Best
Office A
$2.30M
$2.01M – $2.68M
NOI $161,007 @ 7.0% cap · market cap 12.39%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Location Intelligence
Trade Area within ½ mile
6,099
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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - As-is duplex requiring substantial rehabilitation and appliance installation.
Where is this duplex located?
The property is located at 23-33 24th Street Astoria, NY.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: Duplex property; Built in 1925; Extensive repairs required
