Three-Family Residential Income
For Sale
$1,499,000
Pending
2310 21st Ave, Queens, NY 11105
Legal three-family property with two 1-bedroom units, one 2-bedroom unit, and a full basement for additional storage.
Property Size2,280 SF
Days on Market143
Property Features for 2310 21st Ave
General Information
Standard status
Pending
Size
2,280 SF
Total Parking Spaces
2
Property subtype
Investment
Additional Details
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$10,339
Building Details
Building Size
2,280 SF
Year Built
1935
Units
3
Listing Agency:
Halvatzis Realty Inc
Listed By:
Pavlos Milonakis · License #10401254988
(917) 364-1220
Source:
Elliman
Added: Jun 3
Changed: Oct 16
Last Checked: Oct 20 at 9:55PM
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 Halvatzis Realty Inc
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Investment Insights
Based on property information with market context.
This legal three-family residential income property is configured with two one-bedroom apartments and one expansive two-bedroom apartment. A full basement provides additional storage and additional utility for the building. The first-floor unit includes direct access to a private backyard, offering outdoor space from the residence.
All tenants are currently on month-to-month leases, providing flexibility for the next owner. The property is described as having updated kitchens and maintained interiors, along with mature landscaping and curb appeal.
For parking and outdoor convenience, the private rear outdoor space connects to a two-car carport. The area is also noted for walkability and proximity to transit, with the N/W subway line identified as nearby.
All tenants are currently on month-to-month leases, providing flexibility for the next owner. The property is described as having updated kitchens and maintained interiors, along with mature landscaping and curb appeal.
For parking and outdoor convenience, the private rear outdoor space connects to a two-car carport. The area is also noted for walkability and proximity to transit, with the N/W subway line identified as nearby.
Key Highlights
- Legal three‑family home built in 1935 with two 1‑bedroom units and one 2‑bedroom unit
- Full basement provides additional storage and extra possibilities
- First‑floor unit has direct access to a private backyard
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$55,733
Cap Rate
3.72%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,114,660
$1.1M
Cap Rate 7%
$796,186
$796.2K
Cap Rate 9%
$619,256
$619.3K
Market Conditions
NOI Build-Up for 2,280 SF
Gross rent
$105.3K $46.20/SF
− Vacancy
−$4.0K −$1.76/SF
EGI
$101.3K $44.44/SF
− OpEx
−$45.6K −$20.00/SF
NOI
$55.7K $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%
$1,114,660
Cap Rate 7%
$796,186
Cap Rate 9%
$619,256
Alternative Uses
Best Use
Apartment 5plus
$796.2K
$696.7K – $928.9K
NOI $55,733 @ 7.0% cap · market cap 3.72%
Second Best
Multifamily LT 5
$539.1K
$471.7K – $629.0K
NOI $37,738 @ 7.0% cap · market cap 2.52%
Theoretical Best
Office A
$1.68M
$1.47M – $1.96M
NOI $117,659 @ 7.0% cap · market cap 7.85%
Zoning and permitted uses should be independently verified with authorities.
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Who owns this building?
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Open Analytics
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
1,869
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?
Triplex - Legal three-family property with two 1-bedroom units, one 2-bedroom unit, and a full basement for additional storage.
Where is this triplex located?
The property is located at 2310 21st Ave Queens, NY.
What is the asking price?
The asking price for this property is $1,499,000.
What are key features of this property?
This property features: Legal three‑family home built in 1935 with two 1‑bedroom units and one 2‑bedroom unit; Full basement provides additional storage and extra possibilities; First‑floor unit has direct access to a private backyard
