Astoria Triplex with Upscale
For Sale
Contact for pricing
30-78 43rd St, Queens, NY 11103
Gut-renovated triplex featuring modern amenities and spacious layouts.
Property Size3,339 SF
Price / SF$864.03
Days on Market939
Property Features for 30-78 43rd St
General Information
Standard status
Active
Size
3,339 SF
Property subtype
Multifamily
Zoning
R5
Building Details
Year Built
1910
Year Renovated
2018
Buildings
1
Stories
3
Units
3
Listing Agency:
Evergreen Realty and Investments
Listed By:
Daniel Barcelowsky · License #NY
(646) 373-7944
Source:
Crexi
Added: Apr 3, 2024
Changed: Oct 25
Last Checked: Oct 26 at 4:21PM
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 Evergreen Realty and Investments
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Investment Insights
Based on property information with market context.
This custom-built, gut-renovated residence features three units. The first two units each offer 2 beds and 2 baths, along with outdoor spaces. The top floor unit includes three bedrooms and 2 bathrooms. Throughout the building, there are high ceilings and light-colored oak flooring. The living rooms are spacious, featuring large windows and exposed brick walls. Each unit is equipped with central AC, CityQuiet windows with solar shades, in-unit Maytag washer/dryers, LED lighting, and a video intercom. The gourmet open kitchens feature Caesarstone quartz islands, Brito fixtures, sleek white cabinetry, and THOR stainless steel appliances, including dishwashers and wine coolers. The bathrooms are finished with Italian marble and porcelain, Toto toilets, and tempered glass showers/tubs. The building measures 19.17 feet by 40 feet, totaling 3,339 square feet, and sits on a 19 feet by 101 feet lot with 1,919 square feet. The actual cap rate is 5.73%. The property is located near subway stations and various amenities in Astoria.
Key Highlights
- Three units: Two units with 2 beds/2 baths and outdoor space, plus a 3 bed/2 bath unit.
- Gut renovated with upscale finishes throughout.
- Gourmet open kitchens feature Caesarstone quartz islands, Brito fixtures, sleek white cabinetry, and THOR stainless steel appliances.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$81,620
Cap Rate
2.83%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,632,400
$1.6M
Cap Rate 7%
$1,166,000
$1.2M
Cap Rate 9%
$906,889
$906.9K
Market Conditions
NOI Build-Up for 3,339 SF
Gross rent
$154.3K $46.20/SF
− Vacancy
−$5.9K −$1.76/SF
EGI
$148.4K $44.44/SF
− OpEx
−$66.8K −$20.00/SF
NOI
$81.6K $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%
$1,632,400
Cap Rate 7%
$1,166,000
Cap Rate 9%
$906,889
Alternative Uses
Best Use
Apartment 5plus
$1.17M
$1.02M – $1.36M
NOI $81,620 @ 7.0% cap · market cap 2.83%
Second Best
Multifamily LT 5
$789.5K
$690.8K – $921.1K
NOI $55,266 @ 7.0% cap · market cap 1.92%
Theoretical Best
Office A
$2.46M
$2.15M – $2.87M
NOI $172,308 @ 7.0% cap · market cap 5.97%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Location Intelligence
Trade Area within ½ mile
3,076
Businesses Nearby
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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
Frequently Asked Questions
What type of property is this?
Triplex - Gut-renovated triplex featuring modern amenities and spacious layouts.
Where is this triplex located?
The property is located at 30-78 43rd St Queens, NY.
What is the asking price?
The asking price for this property is $2,885,000.
What are key features of this property?
This property features: Three units: Two units with 2 beds/2 baths and outdoor space, plus a 3 bed/2 bath unit.; Gut renovated with upscale finishes throughout.; Gourmet open kitchens feature Caesarstone quartz islands, Brito fixtures, sleek white cabinetry, and THOR stainless steel appliances.
