Brick Triplex with
New
For Sale
$2,150,000
3121 46th Street, Astoria, NY 11103
Three residential units offer distinct bedroom and bath layouts, private balconies, and access to a finished basement.
Property Size3,364 SF
Lot Size0.05 Acres
Price / SF$639.12
Days on Market2
Property Features for 3121 46th Street
General Information
Standard status
Active
Size
3,364 SF
Lot size
0.05 Acres
Property subtype
Residential Income
Units
Unit Mix
1 x 2BR/1BA, 2 x 3BR/2BA
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$15,491
Amenities
attached garage
private driveway
private balconies
Full
5
Yes
7
Entrance Foyer,High Ceilings,Walk Through Kitchen
No
Public
Driveway, Garage
3364
Building Details
Building Size
3,364 SF
Year Built
1980
Buildings
1
Stories
3
Construction
brick
Listing Agency:
(631) 613-8782
Listed By:
Geralda Desir
Source:
Goldcrestrealtygrp
Added: Oct 31
Last Checked: Oct 31 at 3:14AM
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 Geralda Desir
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Investment Insights
Based on property information with market context.
This 1980 brick triplex contains 3,364 square feet on a 22' x 100' lot. Its three residences include one two-bedroom, one-bath layout and two three-bedroom, two-bath layouts. Each upper residence has a private balcony, and the property also includes a full finished basement with a bathroom, an attached garage, and a private driveway.
The building is in Astoria, near the Broadway and Steinway Street corridors. The property is described as a legal three-family residence.
The building is in Astoria, near the Broadway and Steinway Street corridors. The property is described as a legal three-family residence.
Key Highlights
- Legal three‑family brick residence built in 1980
- 3,364 square feet on a 22' x 100' lot
- Unit layouts: one 2‑bedroom, 1‑bath residence and two 3‑bedroom, 2‑bath residences
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$82,231
Cap Rate
3.82%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,644,620
$1.6M
Cap Rate 7%
$1,174,729
$1.2M
Cap Rate 9%
$913,678
$913.7K
Market Conditions
NOI Build-Up for 3,364 SF
Gross rent
$155.4K $46.20/SF
− Vacancy
−$5.9K −$1.76/SF
EGI
$149.5K $44.44/SF
− OpEx
−$67.3K −$20.00/SF
NOI
$82.2K $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%
$1,644,620
Cap Rate 7%
$1,174,729
Cap Rate 9%
$913,678
Alternative Uses
Best Use
Apartment 5plus
$1.17M
$1.03M – $1.37M
NOI $82,231 @ 7.0% cap · market cap 3.82%
Second Best
Multifamily LT 5
$795.4K
$696.0K – $928.0K
NOI $55,680 @ 7.0% cap · market cap 2.59%
Theoretical Best
Office A
$2.48M
$2.17M – $2.89M
NOI $173,599 @ 7.0% cap · market cap 8.07%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
5,239
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
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Three residential units offer distinct bedroom and bath layouts, private balconies, and access to a finished basement.
Where is this triplex located?
The property is located at 3121 46th Street Astoria, NY.
What is the asking price?
The asking price for this property is $2,150,000.
What are key features of this property?
This property features: Legal three‑family brick residence built in 1980; 3,364 square feet on a 22' x 100' lot; Unit layouts: one 2‑bedroom, 1‑bath residence and two 3‑bedroom, 2‑bath residences
