Astoria Multifamily Property with
For Sale
$1,888,000
Pending
25-04 42nd Street, Queens, NY 11103
Two-family home with walk-in apartment, parking, and garage.
Property Size3,139 SF
Days on Market226
Property Features for 25-04 42nd Street
General Information
Standard status
Pending
Size
3,139 SF
Property subtype
Duplex
Taxes and HOA fees
Annual Taxes
$14,516
Amenities
https://vimeo.com/1171370002?share=copy&fl=sv&fe=ci
Square Feet
Finished, Yes
Other, Public
Other
No
Block
Driveway, Garage
Building Details
Year Built
1980
Listing Agency:
Realty Executives Today
Listed By:
Stephanos Lagoudis
(718) 274-2400
Source:
Compass
Added: Feb 23
Changed: Oct 5
Last Checked: Oct 7 at 2:32PM
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 Today
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 / Yr
$76,731
Cap Rate
4.06%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,534,620
$1.5M
Cap Rate 7%
$1,096,157
$1.1M
Cap Rate 9%
$852,567
$852.6K
Market Conditions
NOI Build-Up for 3,139 SF
Gross rent
$145.0K $46.20/SF
− Vacancy
−$5.5K −$1.76/SF
EGI
$139.5K $44.44/SF
− OpEx
−$62.8K −$20.00/SF
NOI
$76.7K $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%
$1,534,620
Cap Rate 7%
$1,096,157
Cap Rate 9%
$852,567
Alternative Uses
Best Use
Apartment 5plus
$1.10M
$959.1K – $1.28M
NOI $76,731 @ 7.0% cap · market cap 4.06%
Second Best
Multifamily LT 5
$742.2K
$649.5K – $865.9K
NOI $51,956 @ 7.0% cap · market cap 2.75%
Theoretical Best
Office A
$2.31M
$2.02M – $2.70M
NOI $161,987 @ 7.0% cap · market cap 8.58%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
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
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
Questions? Ask Rey
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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 Street Queens, NY.
What is the asking price?
The asking price for this property is $1,888,000.
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.
