Two-Unit Duplex
New
For Sale
$1,650,000
35-55 28th Street, Astoria, NY 11106
Two separate residential units are complemented by a private driveway.
Property Size1,960 SF
Days on Market7
Property Features for 35-55 28th Street
General Information
Standard status
Active
Size
1,960 SF
Property subtype
Duplex
Units
Unit Mix
1 x 2BR, 1 x 1BR
Multifamily Units
2
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$8,521
Building Details
Building Size
1,960 SF
Year Built
1930
Listing Agency:
Mitra Hakimi Realty Group LLC
Listed By:
Etan Hakimi · License #1014541
(718) 268-5588
Source:
Serhant
Added: Oct 15
Changed: Oct 19
Last Checked: Oct 19 at 2:39PM
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 Mitra Hakimi Realty Group LLC
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Investment Insights
Based on property information with market context.
This 1930-built duplex property contains two residential units. One spans the ground and first floors and has two bedrooms; the second-floor unit has one bedroom, a kitchen, and a living area. Ground-floor space also includes a recreation area, storage, laundry, and a bathroom. The property is offered vacant and has a private driveway.
The building is in Astoria, Queens, near restaurants, cafes, bakeries, and shops on 30th Avenue and Broadway. Nearby destinations include the Museum of the Moving Image, Athens Square Park, and Astoria Park. N and W service is available at the 30th Avenue and Broadway stations, with bus service nearby.
The building is in Astoria, Queens, near restaurants, cafes, bakeries, and shops on 30th Avenue and Broadway. Nearby destinations include the Museum of the Moving Image, Athens Square Park, and Astoria Park. N and W service is available at the 30th Avenue and Broadway stations, with bus service nearby.
Key Highlights
- Two residential units in a duplex configuration
- Ground- and first‑floor unit has two bedrooms
- Second‑floor unit includes one bedroom, kitchen, and living area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$47,911
Cap Rate
2.90%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$958,220
$958.2K
Cap Rate 7%
$684,443
$684.4K
Cap Rate 9%
$532,344
$532.3K
Market Conditions
NOI Build-Up for 1,960 SF
Gross rent
$90.6K $46.20/SF
− Vacancy
−$3.4K −$1.76/SF
EGI
$87.1K $44.44/SF
− OpEx
−$39.2K −$20.00/SF
NOI
$47.9K $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%
$958,220
Cap Rate 7%
$684,443
Cap Rate 9%
$532,344
Alternative Uses
Best Use
Apartment 5plus
$684.4K
$598.9K – $798.5K
NOI $47,911 @ 7.0% cap · market cap 2.90%
Second Best
Multifamily LT 5
$463.4K
$405.5K – $540.7K
NOI $32,441 @ 7.0% cap · market cap 1.97%
Theoretical Best
Office A
$1.44M
$1.26M – $1.69M
NOI $101,145 @ 7.0% cap · market cap 6.13%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
2,590
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two separate residential units are complemented by a private driveway.
Where is this duplex located?
The property is located at 35-55 28th Street Astoria, NY.
What is the asking price?
The asking price for this property is $1,650,000.
What are key features of this property?
This property features: Two residential units in a duplex configuration; Ground- and first‑floor unit has two bedrooms; Second‑floor unit includes one bedroom, kitchen, and living area
