Two-Family Duplex with
New
For Sale
$1,650,000
Pending
24-48 Crescent Street, Queens, NY 11102
Two five-room residences are complemented by three off-street spaces beyond the garage.
Property Size2,080 SF
Days on Market4
Property Features for 24-48 Crescent Street
General Information
Standard status
Pending
Size
2,080 SF
Total Parking Spaces
5
Property subtype
Residential Income
Zoning
R5
Site & Location
Highway Access
Yes
Public Transit
Yes
Units
Unit Mix
2 x 5-room apartments
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$4,650
Amenities
true
3
6
Back Yard
2442
24.4x100
0.06
Additional Parking
2080
Building Details
Building Size
2,080 SF
Year Built
1942
Buildings
1
Stories
2
Construction
brick semi-attached
Listing Agency:
Keller Williams Realty Staten Island
Listed By:
Anthony Patafio
(917) 922-8403
Source:
Matiasrealestatenyc
Added: Oct 29
Changed: Oct 30
Last Checked: Oct 30 at 2:12AM
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 Keller Williams Realty Staten Island
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Investment Insights
Based on property information with market context.
This 2,080-square-foot, brick, semi-attached duplex at 24-48 Crescent Street contains two five-room apartments. Built in 1942, the property sits on a 0.06-acre lot measuring 24.4 by 100 feet and is zoned R5. Parking includes a two-car garage and three additional off-street spaces.
The property is in Astoria, Queens, with access to the N/W subway, LaGuardia Airport, major highways, Astoria Park, shops, restaurants, and neighborhood cafés.
The property is in Astoria, Queens, with access to the N/W subway, LaGuardia Airport, major highways, Astoria Park, shops, restaurants, and neighborhood cafés.
Key Highlights
- Two five‑room apartments in a brick, semi‑attached duplex
- 2,080 square feet on a 0.06‑acre lot measuring 24.4 by 100 feet
- Two‑car garage plus three off‑street parking spaces
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$50,844
Cap Rate
3.08%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,016,880
$1.0M
Cap Rate 7%
$726,343
$726.3K
Cap Rate 9%
$564,933
$564.9K
Market Conditions
NOI Build-Up for 2,080 SF
Gross rent
$96.1K $46.20/SF
− Vacancy
−$3.7K −$1.76/SF
EGI
$92.4K $44.44/SF
− OpEx
−$41.6K −$20.00/SF
NOI
$50.8K $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%
$1,016,880
Cap Rate 7%
$726,343
Cap Rate 9%
$564,933
Alternative Uses
Best Use
Apartment 5plus
$726.3K
$635.6K – $847.4K
NOI $50,844 @ 7.0% cap · market cap 3.08%
Second Best
Multifamily LT 5
$491.8K
$430.3K – $573.8K
NOI $34,427 @ 7.0% cap · market cap 2.09%
Theoretical Best
Office A
$1.53M
$1.34M – $1.79M
NOI $107,338 @ 7.0% cap · market cap 6.51%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,987
Businesses Nearby
Explore this area
Business Placement
Demographics for 11102, NY
37,468
Population
19,431
Households
1.9
Avg Household Size
36
Median Age
58%
College-Educated
90%
High-School Grad
0.7 sq mi
ZIP Area
53,526
Density / Sq Mi
$102,996
Median Household Income
$70,557
Median Earnings
$2,248
Median Rent
$779,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two five-room residences are complemented by three off-street spaces beyond the garage.
Where is this duplex located?
The property is located at 24-48 Crescent Street Queens, NY.
What is the asking price?
The asking price for this property is $1,650,000.
What are key features of this property?
This property features: Two five‑room apartments in a brick, semi‑attached duplex; 2,080 square feet on a 0.06‑acre lot measuring 24.4 by 100 feet; Two‑car garage plus three off‑street parking spaces
