Two-Family Duplex With Vacant
For Sale
$1,300,000
3328 14th Street, Astoria, NY 11106
Legal two-family property with separate living areas and flexible occupancy options.
Property Size2,262 SF
Days on Market62
Property Features for 3328 14th Street
General Information
Standard status
Active
Size
2,262 SF
Property subtype
Duplex
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$6,837
Building Details
Building Size
2,262 SF
Year Built
1996
Listing Agency:
Momentum Real Estate, LLC
Listed By:
Thomas Leong
(929) 333-3763
Source:
Serhant
Added: Aug 28
Changed: Oct 26
Last Checked: Oct 27 at 1:04AM
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 Momentum Real Estate, LLC
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Investment Insights
Based on property information with market context.
This legal two-family duplex was built in 1996 and will be delivered vacant. The main residence spans the first and second floors, with a living room, half bathroom, open kitchen and dining area on the first level, followed by three bedrooms and a full bathroom upstairs. A second residence occupies the entire third floor and includes two bedrooms, a full bathroom, living room, dining area, and kitchen.
Located on 14th Street in Astoria, the property is near the Astoria and Long Island City communities. The surrounding area offers access to transportation, shopping, dining, parks, and neighborhood amenities. The two-unit configuration supports owner occupancy, extended-family use, or separate rental arrangements.
Located on 14th Street in Astoria, the property is near the Astoria and Long Island City communities. The surrounding area offers access to transportation, shopping, dining, parks, and neighborhood amenities. The two-unit configuration supports owner occupancy, extended-family use, or separate rental arrangements.
Key Highlights
- Legal two‑family duplex built in 1996
- Main residence spans the first and second floors
- Main unit includes 3 bedrooms and 1 full bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$55,293
Cap Rate
4.25%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,105,860
$1.1M
Cap Rate 7%
$789,900
$789.9K
Cap Rate 9%
$614,367
$614.4K
Market Conditions
NOI Build-Up for 2,262 SF
Gross rent
$104.5K $46.20/SF
− Vacancy
−$4.0K −$1.76/SF
EGI
$100.5K $44.44/SF
− OpEx
−$45.2K −$20.00/SF
NOI
$55.3K $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%
$1,105,860
Cap Rate 7%
$789,900
Cap Rate 9%
$614,367
Alternative Uses
Best Use
Apartment 5plus
$789.9K
$691.2K – $921.6K
NOI $55,293 @ 7.0% cap · market cap 4.25%
Second Best
Multifamily LT 5
$534.9K
$468.0K – $624.0K
NOI $37,440 @ 7.0% cap · market cap 2.88%
Theoretical Best
Office A
$1.67M
$1.46M – $1.95M
NOI $116,730 @ 7.0% cap · market cap 8.98%
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
4,334
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Legal two-family property with separate living areas and flexible occupancy options.
Where is this duplex located?
The property is located at 3328 14th 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: Legal two‑family duplex built in 1996; Main residence spans the first and second floors; Main unit includes 3 bedrooms and 1 full bathroom
