Astoria Triplex with Upscale
30-78 43rd St Queens, NY 11103
For Sale
Contact for pricing
Gut-renovated triplex featuring modern amenities and spacious layouts.
Property Size3,339 SF
Price / SF$864.03
Days on Market848
Property Features for 30-78 43rd St
General Information
Standard status
Active
Size
3,339 SF
Property subtype
Multifamily
Building Details
Year Built
1910
Listing Agency:
Evergreen Realty and Investments
(646) 373-7944
Listed By:
Daniel Barcelowsky · License #NY
Source:
Crexi
Added: Apr 3, 2024
Changed: Jul 6
Last Checked: Jul 28 at 1:41PM
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 Evergreen Realty and Investments
Investment Insights
Based on property information with market context.
This custom-built, gut-renovated residence features three units. The first two units each offer 2 beds and 2 baths, along with outdoor spaces. The top floor unit includes three bedrooms and 2 bathrooms. Throughout the building, there are high ceilings and light-colored oak flooring. The living rooms are spacious, featuring large windows and exposed brick walls. Each unit is equipped with central AC, CityQuiet windows with solar shades, in-unit Maytag washer/dryers, LED lighting, and a video intercom. The gourmet open kitchens feature Caesarstone quartz islands, Brito fixtures, sleek white cabinetry, and THOR stainless steel appliances, including dishwashers and wine coolers. The bathrooms are finished with Italian marble and porcelain, Toto toilets, and tempered glass showers/tubs. The building measures 19.17 feet by 40 feet, totaling 3,339 square feet, and sits on a 19 feet by 101 feet lot with 1,919 square feet. The actual cap rate is 5.73%. The property is located near subway stations and various amenities in Astoria.
Key Highlights
- Three units: Two units with 2 beds/2 baths and outdoor space, plus a 3 bed/2 bath unit.
- Gut renovated with upscale finishes throughout.
- Gourmet open kitchens feature Caesarstone quartz islands, Brito fixtures, sleek white cabinetry, and THOR stainless steel appliances.
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $154.3k | $46.20 |
| − Vacancy | −$5.9k | −$1.76 |
| EGI | $148.4k | $44.44 |
| − OpEx | −$66.8k | −$20.00 |
| NOI | $81.6k | $24.44 |
3,339 SF · lease $46.20/SF/yr · vacancy 3.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.17M
$1.02M – $1.36M
NOI $81,620 @ 7.0% cap · market cap 2.83%
Second Best
Multifamily LT 5
$789.5K
$690.8K – $921.1K
NOI $55,266 @ 7.0% cap · market cap 1.92%
Theoretical Best
Office A
$2.46M
$2.15M – $2.87M
NOI $172,308 @ 7.0% cap · market cap 5.97%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Triplex - Gut-renovated triplex featuring modern amenities and spacious layouts.
Where is this triplex located?
The property is located at 30-78 43rd St Queens, NY.
What is the asking price?
The asking price for this property is $2,885,000.
What are key features of this property?
This property features: Three units: Two units with 2 beds/2 baths and outdoor space, plus a 3 bed/2 bath unit.; Gut renovated with upscale finishes throughout.; Gourmet open kitchens feature Caesarstone quartz islands, Brito fixtures, sleek white cabinetry, and THOR stainless steel appliances.
