Renovated Two-Family
New
For Sale
$1,495,000
32-73 30TH Street, Queens, NY 11106
Two one-bedroom residences feature separate kitchens, hardwood floors, dishwashers, and private outdoor areas.
Property Size1,760 SF
Lot Size0.06 Acres
Price / SF$849.43
Days on Market5
Property Features for 32-73 30TH Street
General Information
Standard status
Active
Size
1,760 SF
Lot size
0.06 Acres
Property subtype
Multi Family
Units
Unit Mix
2 x 1BR/1BA
Multifamily Units
2
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$8,136
Amenities
dishwasher
private outdoor space
Building Details
Building Size
1,760 SF
Year Built
1901
Buildings
1
Stories
2
Listing Agency:
City Sphere
Listed By:
Nikolay Afanasyev
(646) 239-6330
Source:
Howardhannanyc
Added: Sep 9
Changed: Sep 12
Last Checked: Sep 12 at 7:20AM
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 City Sphere
Investment Insights
Based on property information with market context.
This renovated two-story duplex was built in 1901 on a 25-by-100-foot lot and contains approximately 1,760 square feet of building area. The layout includes two separate one-bedroom, one-bath residences, each with its own kitchen, dishwasher, hardwood flooring, and private outdoor space. A full basement provides additional usable area.
The property is located at 32-73 30th Street in Astoria, just off Broadway. Neighborhood shops, restaurants, and daily conveniences are nearby, while the Broadway N and W subway station is approximately 0.14 miles away. Additional transportation options are also in the surrounding area.
Approximately 2,000 additional buildable square feet may be available, subject to independent verification by the buyer and their architect. Measurements, zoning, permitted uses, and buildable area should be independently verified.
The property is located at 32-73 30th Street in Astoria, just off Broadway. Neighborhood shops, restaurants, and daily conveniences are nearby, while the Broadway N and W subway station is approximately 0.14 miles away. Additional transportation options are also in the surrounding area.
Approximately 2,000 additional buildable square feet may be available, subject to independent verification by the buyer and their architect. Measurements, zoning, permitted uses, and buildable area should be independently verified.
Key Highlights
- Two‑story duplex built in 1901
- Approximately 1,760 square feet of building area on a 25‑by‑100‑foot lot
- Two one‑bedroom, one‑bath residences with separate kitchens
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
$43,022
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
2.88%
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%
$860,440
$860.4K
Cap Rate 7%
$614,600
$614.6K
Cap Rate 9%
$478,022
$478.0K
Market Conditions
NOI Build-Up for 1,760 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
$81.3K $46.20/SF
− Vacancy
−$3.1K −$1.76/SF
EGI
$78.2K $44.44/SF
− OpEx
−$35.2K −$20.00/SF
NOI
$43.0K $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%
$860,440
Cap Rate 7%
$614,600
Cap Rate 9%
$478,022
Alternative Uses
Best Use
Apartment 5plus
$614.6K
$537.8K – $717.0K
NOI $43,022 @ 7.0% cap · market cap 2.88%
Second Best
Multifamily LT 5
$416.2K
$364.1K – $485.5K
NOI $29,131 @ 7.0% cap · market cap 1.95%
Theoretical Best
Office A
$1.30M
$1.14M – $1.51M
NOI $90,824 @ 7.0% cap · market cap 6.08%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
5,065
Businesses Nearby
Explore this area
Business Placement
Demographics for 11106, NY
41,722
Population
21,681
Households
1.9
Avg Household Size
37
Median Age
52%
College-Educated
89%
High-School Grad
0.9 sq mi
ZIP Area
46,358
Density / Sq Mi
$85,573
Median Household Income
$62,254
Median Earnings
$2,032
Median Rent
$639,200
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Two one-bedroom residences feature separate kitchens, hardwood floors, dishwashers, and private outdoor areas.
Where is this duplex located?
The property is located at 32-73 30TH Street Queens, NY.
What is the asking price?
The asking price for this property is $1,495,000.
What are key features of this property?
This property features: Two‑story duplex built in 1901; Approximately 1,760 square feet of building area on a 25‑by‑100‑foot lot; Two one‑bedroom, one‑bath residences with separate kitchens
