Rebuilt Two-Family
For Sale
$1,249,999
46-15 30th Road, Astoria, NY 11103
Residential Income, Astoria, NY
Property Size2,642 SF
Lot Size0.04 Acres
Price / SF$473.13
Days on Market64
Property Features for 46-15 30th Road
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
4
Bathrooms
3
Full bathrooms
3
Rooms
Bathroom 2, Bathroom 1, Bedroom 3, Basement, Bedroom 4, Bedroom 1, Bathroom 3, Bedroom 2
Parking features
On Street
Interior features
First Floor Bedroom
Basement
Full
Elementary school
Ps 70
Middle school
Is 10 Horace Greeley
High school
William Cullen Bryant High School
Elementary school district
Queens 30
Middle school district
Queens 30
High school district
Queens 30
Standard status
Active
APN
00728-0065
Lot size
0.04 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
6409
Utilities
Sewer type
Public Sewer
Heating system
Baseboard
Water source
Public
Building Details
Year built
1901
Number of units
2
Building materials
Brick
Listing Agency:
Compass Greater NY LLC
(718) 423-7700
Listed By:
Jessica A. Akde Elmazi MRP CPM CBR
(718) 423-7700
Added: Jun 30
Changed: Aug 20
Last Checked: Sep 1 at 6:06AM
MLS# 1020381
Copyright © 2026 OneKey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This legal two-family brick home was substantially rebuilt and reconfigured in 2014. The property contains 2,642 square feet of livable space on a 17-by-101-foot lot, with two two-bedroom, one-bathroom apartments. The first-floor residence includes a balcony with yard access and a connection to the finished basement, which has ceramic tile, a half-bath, high ceilings, and washer-and-dryer space. The upper apartment has updated kitchen and bathroom finishes and will be delivered vacant.
The home uses gas-fired baseboard heating with two meters, separate boilers, and individual hot water tanks for the apartments. Three electric meters serve the property, while the roof, electrical infrastructure, and hot water tanks were replaced during the 2014 reconstruction. Public water and sewer serve the building, and parking is available on the street. Transit access includes the Q-18 bus stop and the 46th Street R/M subway station, with shopping and services along Steinway Street, 34th Avenue, and Northern Boulevard.
The home uses gas-fired baseboard heating with two meters, separate boilers, and individual hot water tanks for the apartments. Three electric meters serve the property, while the roof, electrical infrastructure, and hot water tanks were replaced during the 2014 reconstruction. Public water and sewer serve the building, and parking is available on the street. Transit access includes the Q-18 bus stop and the 46th Street R/M subway station, with shopping and services along Steinway Street, 34th Avenue, and Northern Boulevard.
Key Highlights
- 2,642 square feet of livable space on a 17x101 lot
- Two legal apartments, each with 2 bedrooms and 1 bathroom
- Upper‑level unit delivered vacant
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
$64,582
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
5.17%
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%
$1,291,640
$1.3M
Cap Rate 7%
$922,600
$922.6K
Cap Rate 9%
$717,578
$717.6K
Market Conditions
NOI Build-Up for 2,642 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
$122.1K $46.20/SF
− Vacancy
−$4.6K −$1.76/SF
EGI
$117.4K $44.44/SF
− OpEx
−$52.8K −$20.00/SF
NOI
$64.6K $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%
$1,291,640
Cap Rate 7%
$922,600
Cap Rate 9%
$717,578
Alternative Uses
Best Use
Apartment 5plus
$922.6K
$807.3K – $1.08M
NOI $64,582 @ 7.0% cap · market cap 5.17%
Second Best
Multifamily LT 5
$624.7K
$546.6K – $728.8K
NOI $43,729 @ 7.0% cap · market cap 3.50%
Theoretical Best
Office A
$1.95M
$1.70M – $2.27M
NOI $136,340 @ 7.0% cap · market cap 10.91%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
5,916
Businesses Nearby
Explore this area
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
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 - Legal two-family property with separate utilities, finished basement space, and a vacant upper-level apartment.
Where is this duplex located?
The property is located at 46-15 30th Road Astoria, NY.
What is the asking price?
The asking price for this property is $1,249,999.
What are key features of this property?
This property features: 2,642 square feet of livable space on a 17x101 lot; Two legal apartments, each with 2 bedrooms and 1 bathroom; Upper‑level unit delivered vacant
