Brick Duplex with
3062 49th Street, Astoria, NY 11103
For Sale
$1,300,000
Two two-bedroom apartments, a finished basement, and rear parking support flexible residential use.
Property Size2,090 SF
Days on Market52
Property Features for 3062 49th Street
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Units
Unit Mix
Multifamily Units
Additional Details
Public Transit
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Construction
Listing Agency:
Trademarko Realty Inc
Listed By:
Marek Sobolewski · License #10311207231
(718) 710-8170
Source:
Serhant
Added: Sep 19
Changed: Nov 7
Last Checked: Nov 8 at 12:14PM
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
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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 / Yr
$51,646
Cap Rate
3.97%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,032,920
$1.0M
Cap Rate 7%
$737,800
$737.8K
Cap Rate 9%
$573,844
$573.8K
Market Conditions
NOI Build-Up for 2,090 SF
Gross rent
$80.3K $38.40/SF
− Vacancy
−$6.5K −$3.10/SF
EGI
$73.8K $35.30/SF
− OpEx
−$22.1K −$10.59/SF
NOI
$51.6K $24.71/SF
Area
Queens County, NY
Vacancy
8.07%
Lease Rate
$38.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,032,920
Cap Rate 7%
$737,800
Cap Rate 9%
$573,844
Alternative Uses
Best Use
Multifamily LT 5
$737.8K
$645.6K – $860.8K
NOI $51,646 @ 7.0% cap · market cap 3.97%
Second Best
Apartment 5plus
$729.8K
$638.6K – $851.5K
NOI $51,089 @ 7.0% cap · market cap 3.93%
Theoretical Best
Office A
$1.54M
$1.35M – $1.80M
NOI $107,854 @ 7.0% cap · market cap 8.30%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
4,648
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
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Market
Properties on Market for Duplexes in Astoria
Vacancy Rate% for Multifamily in Northeast region
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 $1,300,000.
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
