Two-Family Home with
For Sale
$1,275,000
77-21 31st Avenue, Queens, NY 11370
The 2,220-square-foot brick residence includes a separately entered basement studio and a two-car garage.
Property Size2,220 SF
Price / SF$574.32
Days on Market39
Property Features for 77-21 31st Avenue
General Information
Standard status
Active
Size
2,220 SF
Total Parking Spaces
2
Property subtype
Duplex
Site & Location
Highway Access
Yes
Public Transit
Yes
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$4,032
Amenities
Yes, No, 2.00, Garage
Corner Lot, Corner Lot, Square Feet
Finished, Full, Walk-Out Access, Yes
Eat in Kitchen, First Floor Full Bath, Public, Row Dwelling
First Floor Full Bath, Eat-in Kitchen
Walk Out Basement, Eat in Kitchen
No
Brick
Garage, Corner Lot
Building Details
Year Built
1955
Listing Agency:
Exit Realty Prime
Listed By:
Sarwor Khan CBR · License #1055152
(718) 262-0205
Source:
Compass
Added: Sep 28
Changed: Nov 3
Last Checked: Nov 4 at 2:49PM
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 Exit Realty Prime
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Investment Insights
Based on property information with market context.
Built in 1955, this brick two-family property contains 2,220 square feet and is currently arranged for use as a single-family home. The main floor has living and dining areas and a kitchen; three bedrooms are located upstairs. A legal basement studio has a separate entrance, and the property includes a two-car garage on a corner lot.
Bus service is one block away, and the train is a 15-minute walk. The property is also within reach of supermarkets, restaurants, shopping, and the Grand Central Parkway.
Bus service is one block away, and the train is a 15-minute walk. The property is also within reach of supermarkets, restaurants, shopping, and the Grand Central Parkway.
Key Highlights
- Legal two‑family property with a separate‑entry basement studio
- 2,220 square feet; currently arranged as a single‑family home
- Three upstairs bedrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$54,267
Cap Rate
4.26%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,085,340
$1.1M
Cap Rate 7%
$775,243
$775.2K
Cap Rate 9%
$602,967
$603.0K
Market Conditions
NOI Build-Up for 2,220 SF
Gross rent
$102.6K $46.20/SF
− Vacancy
−$3.9K −$1.76/SF
EGI
$98.7K $44.44/SF
− OpEx
−$44.4K −$20.00/SF
NOI
$54.3K $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%
$1,085,340
Cap Rate 7%
$775,243
Cap Rate 9%
$602,967
Alternative Uses
Best Use
Apartment 5plus
$775.2K
$678.3K – $904.5K
NOI $54,267 @ 7.0% cap · market cap 4.26%
Second Best
Multifamily LT 5
$524.9K
$459.3K – $612.4K
NOI $36,745 @ 7.0% cap · market cap 2.88%
Theoretical Best
Office A
$1.64M
$1.43M – $1.91M
NOI $114,563 @ 7.0% cap · market cap 8.99%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
8,159
Businesses Nearby
Explore this area
Business Placement
Demographics for 11370, NY
34,683
Population
11,679
Households
3
Avg Household Size
38
Median Age
25%
College-Educated
77%
High-School Grad
1.5 sq mi
ZIP Area
23,122
Density / Sq Mi
$74,895
Median Household Income
$43,313
Median Earnings
$2,071
Median Rent
$843,600
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - The 2,220-square-foot brick residence includes a separately entered basement studio and a two-car garage.
Where is this duplex located?
The property is located at 77-21 31st Avenue Queens, NY.
What is the asking price?
The asking price for this property is $1,275,000.
What are key features of this property?
This property features: Legal two‑family property with a separate‑entry basement studio; 2,220 square feet; currently arranged as a single‑family home; Three upstairs bedrooms
