Astoria Two-Family
For Sale
$1,599,000
Pending
25-68 34th St Building, Queens, NY 11103
Two-family house in a sought-after Astoria location.
Property Size2,244 SF
Lot Size0.04 Acres
Days on Market211
Property Features for 25-68 34th St Building
General Information
Standard status
Pending
Size
2,244 SF
Lot size
0.04 Acres
Property subtype
Multi Family
Taxes and HOA fees
Annual Taxes
$10,471
Building Details
Building Size
2,244 SF
Year Built
1920
Listing Agency:
MODERN SPACES LOVE YOUR PLACE
Listed By:
Gregory Kyroglou
(718) 784-1110
Source:
Elliman
Added: Mar 12
Changed: Oct 8
Last Checked: Oct 7 at 2:30PM
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 MODERN SPACES LOVE YOUR PLACE
Investment Insights
Based on property information with market context.
Located in Astoria, this two-family house presents an opportunity for homebuyers and investors. The property features two spacious units, each designed with its own unique charm. The backyard offers an outdoor space for relaxation. Astoria is known for its culture, culinary scene, and artistic community. The location provides access to restaurants, cafes, boutiques, and cultural events. Major transportation options, including the N/W subway lines and bus routes, offer access to Manhattan and beyond. Astoria, in the borough of Queens, is a neighborhood known for its cultural heritage, food scene, and artistic community. The location provides urban living within a community. Astoria offers cultures from around the world, parks, waterfront views, historic landmarks, and nightlife.
Key Highlights
- Prime Astoria Location: Sought‑after neighborhood with easy access to amenities and attractions.
- Two Spacious Units: Ideal for extended families, rental income, or investment.
- Easy Commute: Proximity to N/W subway lines and bus routes for access to Manhattan.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$54,853
Cap Rate
3.43%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,097,060
$1.1M
Cap Rate 7%
$783,614
$783.6K
Cap Rate 9%
$609,478
$609.5K
Market Conditions
NOI Build-Up for 2,244 SF
Gross rent
$103.7K $46.20/SF
− Vacancy
−$3.9K −$1.76/SF
EGI
$99.7K $44.44/SF
− OpEx
−$44.9K −$20.00/SF
NOI
$54.9K $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%
$1,097,060
Cap Rate 7%
$783,614
Cap Rate 9%
$609,478
Alternative Uses
Best Use
Apartment 5plus
$783.6K
$685.7K – $914.2K
NOI $54,853 @ 7.0% cap · market cap 3.43%
Second Best
Multifamily LT 5
$530.6K
$464.3K – $619.0K
NOI $37,142 @ 7.0% cap · market cap 2.32%
Theoretical Best
Office A
$1.65M
$1.45M – $1.93M
NOI $115,801 @ 7.0% cap · market cap 7.24%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
91,205
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
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Frequently Asked Questions
What type of property is this?
Duplex - Two-family house in a sought-after Astoria location.
Where is this duplex located?
The property is located at 25-68 34th St Building Queens, NY.
What is the asking price?
The asking price for this property is $1,599,000.
What are key features of this property?
This property features: Prime Astoria Location: Sought‑after neighborhood with easy access to amenities and attractions.; Two Spacious Units: Ideal for extended families, rental income, or investment.; Easy Commute: Proximity to N/W subway lines and bus routes for access to Manhattan.
