Brick Two-Family
For Sale
$1,650,000
Pending
24-48 Crescent Street, Queens, NY 11102
Residential Income, Queens, NY
Property Size2,080 SF
Lot Size0.06 Acres
Days on Market93
Property Features for 24-48 Crescent Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
R5
Bedrooms
6
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 1, Bedroom 5, Bedroom 2, Bedroom 4, Bathroom 1, Bathroom 3, Bedroom 6, Bedroom 3, Bathroom 2
Basement
Finished, Full
Lot features
Back Yard
Subdivision
Off Island
Standard status
Pending
APN
863-53
Size
2,080 SF
Lot size
0.06 Acres
Taxes and HOA fees
Tax Annual Amount
4650
Utilities
Sewer type
Public Sewer
Heating system
Steam, Natural Gas
Building Details
Year built
1942
Floors in Building
2
Number of units
2
Building materials
Brick
Listing Agency:
Keller Williams Realty Staten Island
(718) 766-7159
Listed By:
Anthony Patafio
(917) 217-0599
Added: Jul 10
Changed: Oct 8
Last Checked: Oct 10 at 11:06AM
MLS# 2603914
Copyright © 2026 Staten Island Board of Realtors. 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.
This 1942 brick semi-attached duplex contains two five-room apartments within 2,080 square feet. The property includes two bathrooms associated with the apartment layout, steam heat powered by natural gas, and public sewer service. A two-car garage is supplemented by three additional off-street parking spaces, providing uncommon on-site parking for the property type.
The home is located on Crescent Street in Queens, NY 11102, in the Astoria area. The N/W subway service is nearby, with access to Midtown Manhattan, LaGuardia Airport, major highways, Astoria Park, shopping, restaurants, and neighborhood cafes. The property is zoned R5 and occupies 0.0561 acres.
The home is located on Crescent Street in Queens, NY 11102, in the Astoria area. The N/W subway service is nearby, with access to Midtown Manhattan, LaGuardia Airport, major highways, Astoria Park, shopping, restaurants, and neighborhood cafes. The property is zoned R5 and occupies 0.0561 acres.
Key Highlights
- Two 5‑room apartments in a brick semi‑attached duplex
- 2,080 square feet on a 0.0561‑acre lot
- Two‑car garage plus three additional 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.
Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
4,305
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
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Semi-attached duplex with separate five-room apartments and substantial off-street parking.
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 5‑room apartments in a brick semi‑attached duplex; 2,080 square feet on a 0.0561‑acre lot; Two‑car garage plus three additional off‑street parking spaces
