Two-Family Brick
For Sale
$1,349,000
Pending
4703 30th Avenue, Astoria, NY 11103
Legal two-family brick home on a 20x85 lot with separate upstairs and main-level layouts and a finished basement.
Property Size2,080 SF
Days on Market46
Property Features for 4703 30th Avenue
General Information
Standard status
Pending
Size
2,080 SF
Property subtype
Triplex
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$8,606
Building Details
Building Size
2,080 SF
Year Built
1930
Listing Agency:
Blue Brick Real Estate
(718) 614-8349
Listed By:
Antonino Lo Verme · License #10491211001
Source:
Serhant
Added: Jul 10
Changed: Aug 24
Last Checked: Aug 23 at 8:13AM
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 Blue Brick Real Estate
Investment Insights
Based on property information with market context.
Charming legal two-family brick residence with a 20x85 lot and a finished, full basement. The first-floor unit features an expansive 3-bedroom layout with an eat-in kitchen, formal dining room, and inviting living room, plus a bonus third bedroom upstairs accessible via its own interior staircase. One of the bedrooms opens directly to the paved backyard, creating an indoor-outdoor connection. The second-floor unit offers a comfortable two bedroom, one bathroom layout with a living room, dining room, and kitchen, along with a front foyer with closet space for added entry storage.
The home is situated on a quiet stretch of 30th Avenue off 47th Street in Queens, offering convenient access to public transportation. The surrounding area includes local grocery stores, neighborhood restaurants, and bakeries, supporting an easy everyday routine.
Throughout the property, hardwood floors add character and continuity between rooms. Outdoors, there is a landscaped front patio and a large backyard suited for gatherings, gardening, or relaxing.
The home is situated on a quiet stretch of 30th Avenue off 47th Street in Queens, offering convenient access to public transportation. The surrounding area includes local grocery stores, neighborhood restaurants, and bakeries, supporting an easy everyday routine.
Throughout the property, hardwood floors add character and continuity between rooms. Outdoors, there is a landscaped front patio and a large backyard suited for gatherings, gardening, or relaxing.
Key Highlights
- Legal two‑family brick home built in 1930 on a 20x85 lot
- First‑floor unit features a 3‑bedroom layout with an eat‑in kitchen, formal dining room, and living room
- First‑floor bonus third bedroom is accessible via a private interior staircase
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
$50,844
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
3.77%
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%
$1,016,880
$1.0M
Cap Rate 7%
$726,343
$726.3K
Cap Rate 9%
$564,933
$564.9K
Market Conditions
NOI Build-Up for 2,080 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
$96.1K $46.20/SF
− Vacancy
−$3.7K −$1.76/SF
EGI
$92.4K $44.44/SF
− OpEx
−$41.6K −$20.00/SF
NOI
$50.8K $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%
$1,016,880
Cap Rate 7%
$726,343
Cap Rate 9%
$564,933
Alternative Uses
Best Use
Apartment 5plus
$726.3K
$635.6K – $847.4K
NOI $50,844 @ 7.0% cap · market cap 3.77%
Second Best
Multifamily LT 5
$491.8K
$430.3K – $573.8K
NOI $34,427 @ 7.0% cap · market cap 2.55%
Theoretical Best
Office A
$1.53M
$1.34M – $1.79M
NOI $107,338 @ 7.0% cap · market cap 7.96%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
4,648
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
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Frequently Asked Questions
What type of property is this?
Duplex - Legal two-family brick home on a 20x85 lot with separate upstairs and main-level layouts and a finished basement.
Where is this duplex located?
The property is located at 4703 30th Avenue Astoria, NY.
What is the asking price?
The asking price for this property is $1,349,000.
What are key features of this property?
This property features: Legal two‑family brick home built in 1930 on a 20x85 lot; First‑floor unit features a 3‑bedroom layout with an eat‑in kitchen, formal dining room, and living room; First‑floor bonus third bedroom is accessible via a private interior staircase
