Brick Duplex with
New
For Sale
$1,375,000
3062 49th Street, Astoria, NY 11103
Two two-bedroom apartments, a finished basement, and rear parking support flexible residential use.
Property Size2,090 SF
Days on Market6
Property Features for 3062 49th Street
General Information
Standard status
Active
Size
2,090 SF
Total Parking Spaces
4
Property subtype
Duplex
Units
Unit Mix
2 x 2BR
Multifamily Units
2
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$7,294
Building Details
Building Size
2,090 SF
Year Built
1945
Construction
brick
Listing Agency:
Trademarko Realty Inc
Listed By:
Marek Sobolewski · License #10311207231
(718) 710-8170
Source:
Serhant
Added: Sep 19
Changed: Sep 21
Last Checked: Sep 24 at 6:14PM
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 Trademarko Realty Inc
Investment Insights
Based on property information with market context.
This 1945 brick duplex in Astoria, NY, contains two separate two-bedroom apartments arranged one above the other. The property also includes a finished basement that adds usable interior space. Exterior parking improvements include a driveway, a one-car garage, and three additional rear parking spaces.
The home is positioned on a tree-lined street near neighborhood shops, restaurants, schools, and public transportation. Its two-apartment configuration and supplemental basement area provide a practical layout for residential ownership or investment use.
The home is positioned on a tree-lined street near neighborhood shops, restaurants, schools, and public transportation. Its two-apartment configuration and supplemental basement area provide a practical layout for residential ownership or investment use.
Key Highlights
- Two separate two‑bedroom apartments
- Finished basement with additional usable space
- One‑car garage plus three rear parking spaces
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
$51,089
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
3.72%
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%
$1,021,780
$1.0M
Cap Rate 7%
$729,843
$729.8K
Cap Rate 9%
$567,656
$567.7K
Market Conditions
NOI Build-Up for 2,090 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
$96.6K $46.20/SF
− Vacancy
−$3.7K −$1.76/SF
EGI
$92.9K $44.44/SF
− OpEx
−$41.8K −$20.00/SF
NOI
$51.1K $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%
$1,021,780
Cap Rate 7%
$729,843
Cap Rate 9%
$567,656
Alternative Uses
Best Use
Apartment 5plus
$729.8K
$638.6K – $851.5K
NOI $51,089 @ 7.0% cap · market cap 3.72%
Second Best
Multifamily LT 5
$494.2K
$432.4K – $576.6K
NOI $34,593 @ 7.0% cap · market cap 2.52%
Theoretical Best
Office A
$1.54M
$1.35M – $1.80M
NOI $107,854 @ 7.0% cap · market cap 7.84%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
4,648
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
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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 - Two two-bedroom apartments, a finished basement, and rear parking support flexible residential use.
Where is this duplex located?
The property is located at 3062 49th Street Astoria, NY.
What is the asking price?
The asking price for this property is $1,375,000.
What are key features of this property?
This property features: Two separate two‑bedroom apartments; Finished basement with additional usable space; One‑car garage plus three rear parking spaces
