Astoria Multifamily Property with
For Sale
Contact for pricing
25-04 42nd St, Astoria, NY 11103
Two-family home with walk-in apartment, parking, and garage.
Property Size2,540 SF
Price / SF$779.53
Days on Market192
Property Features for 25-04 42nd St
General Information
Standard status
Active
Size
2,540 SF
Class
A
Total Parking Spaces
3
Property subtype
Multifamily
Occupancy
100%
Investment Type
Owner/User
Net Operating Income
$97,200
Building Details
Buildings
1
Stories
3
Units
4
Listing Agency:
Realty Executives Astoria
(718) 274-2400
Listed By:
John Lagoudis · License #NY 10351215032
Source:
Crexi
Added: Feb 11
Changed: Aug 8
Last Checked: Aug 20 at 8:45PM
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 Realty Executives Astoria
Investment Insights
Based on property information with market context.
Located at 25-04 42nd Street in Astoria, NY 11103, this property is a two-family home with an additional walk-in apartment. The building includes two parking spots and a garage. The walk-in apartment features one bedroom and one bathroom and is currently vacant. The second floor has three bedrooms and two bathrooms and is currently rented for $2,400, with the potential to be vacant. The third floor also features three bedrooms and two bathrooms and is currently rented for $2,700. The property size is 2540 square feet.
Key Highlights
- Multi‑family property: Features a 2‑family home plus a walk‑in apartment.
- Includes 2 dedicated parking spots plus a garage, a valuable amenity.
- Currently generating $5,100 per month from two rented units.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$62,089
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.14%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,241,780
$1.2M
Cap Rate 7%
$886,986
$887.0K
Cap Rate 9%
$689,878
$689.9K
Market Conditions
NOI Build-Up for 2,540 SF
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.
Gross rent
$117.3K $46.20/SF
− Vacancy
−$4.5K −$1.76/SF
EGI
$112.9K $44.44/SF
− OpEx
−$50.8K −$20.00/SF
NOI
$62.1K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,241,780
Cap Rate 7%
$886,986
Cap Rate 9%
$689,878
Alternative Uses
Best Use
Apartment 5plus
$887.0K
$776.1K – $1.03M
NOI $62,089 @ 7.0% cap · market cap 3.14%
Second Best
Multifamily LT 5
$600.6K
$525.5K – $700.7K
NOI $42,041 @ 7.0% cap · market cap 2.12%
Theoretical Best
Office A
$1.87M
$1.64M – $2.18M
NOI $131,076 @ 7.0% cap · market cap 6.62%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,170
Businesses Nearby
Explore this area
Business Placement
Demographics for 11103, NY
37,362
Population
18,833
Households
2
Avg Household Size
36
Median Age
52%
College-Educated
89%
High-School Grad
0.7 sq mi
ZIP Area
53,374
Density / Sq Mi
$92,787
Median Household Income
$59,050
Median Earnings
$2,120
Median Rent
$1,003,500
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Triplex - Two-family home with walk-in apartment, parking, and garage.
Where is this triplex located?
The property is located at 25-04 42nd St Astoria, NY.
What is the asking price?
The asking price for this property is $1,980,000.
What are key features of this property?
This property features: Multi‑family property: Features a 2‑family home plus a walk‑in apartment.; Includes **2 dedicated parking spots plus a garage**, a valuable amenity.; Currently generating **$5,100 per month** from two rented units.
