1216 30th Dr · New York, NY 11102

$1,159,900

4 bd · 2.0 ba · 2,512 sqft · MultiFamily public records · 133 Days on market

Built 1901 3,321 sqft lot Est $1703k · 32% under

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Why this score? — see what drove the B+ grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +25.7/30.0
• ARV discount +15.0/15.0
• DSCR +8.6/10.0
• 1% rule +5.9/10.0
• Appreciation +5.1/10.0
• Schools +5.0/10.0
• Livability +3.8/5.0
• Rent growth +3.7/5.0
• Condition / age +2.5/5.0

Multi-family units

County records classify this as Multi-Family (2-4 Unit). Listing-text estimate: 2 units. confirmed

Listing remarks

* * * THIS HOME WILL BE DELIVERED VACANT * * * Are you looking for a hidden gem in one of Queens' most sought-after neighborhoods? Look no further. Nestled in the heart of Astoria, is your chance to own a two-family duplex brimming with potential. This property does require some TLC, but that's where the magic lies. Whether you're a savvy investor or a visionary homeowner, this property presents endless possibilities for growth and creativity. Its prime location, spacious lot, and proximity to Astoria's vibrant lifestyle, this home is more than just a property—it’s an opportunity waiting to be seized. Exceptional Property Features, This two-family frame house sits on a 41

Key facts

• Two family duplex
• Spacious lot
• Prime location

Tags

• TWO FAMILY DUPLEX
• SPACIOUS LOT
• PRIME LOCATION
• LEGAL TWO FAMILY DESIGNATION

What this means for you Summary

Snapshot

• This is a 2 × 2-bed/1.0-bath units multifamily listed at $1.16M.

Deal economics

• At list price, monthly cash flow is $3k ($34k/yr) — positive. Per door: $1k/mo.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($13k rent vs $1.16M).
• Recommended offer: $1.02M (12.0% below list) — sets the bar for market timing.
• Cap rate 9.2% vs local median 2.6% in New York — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 75/100 on livability (#268 in NY, #4,188 nationally) — a middle-class / working-renter tenant base. Strengths: amenities A+, commute A+, health & safety A; Watch: crime F, cost of living F.
• Market conditions: Rents rising fast (+4.8%/yr); 114 active listings in the ZIP; 4 comparable units currently listed for rent nearby; rentals at typical pace (median 25d on market — plan ~3-4 weeks tenant-placement turnaround); solid renter incomes; 5,302 units permitted in Queens County in 2024 (4,918 in 5+ unit buildings).
• At $12,603/mo this rent would consume 157% of the median local household income ($97k/yr) (locally 2407% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.

Forward outlook

• In year one you build about $10k of equity ($8k loan paydown + $2k appreciation (0.2% local appreciation)).
• Queens County population projected at +16% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• At projected returns (0.2% appreciation + 4.8% rent growth), your $325k cash investment doubles in ~6 years — after that, you're playing with house money.
• By year 6, paydown + projected appreciation supports a ~$67k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 133 days — a 12% lower offer ($1.02M) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 22y ago; this cycle's ask has dropped $65k (5%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: built in 1901 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: major wind risk, 27% chance of damaging wind over 30y; extreme-heat days projected 7→15/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $1,020,712 (12.0% below list)

Questions for the listing agent

1. It's been on market 133 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Can we see the unit-by-unit rent roll, current vacancy, and any below-market leases? What's the average tenancy length?
3. What capital expenditures (roof, boiler, parking lot, exteriors) have been made in the last 5 years, and what's planned in the next 2?
4. Built in 1901 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
5. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
6. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
7. Schools are B-rated — typically a magnet for longer-tenancy family renters. What's the average tenant stay here, and is there a school-zone premium baked into asking?
8. Crime grade is F in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
9. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
10. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
11. How much new apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.

Investment metrics

• 1% rule: 1.09% ✓
• Cap rate: 9.18%
• Cash-on-cash: 10.33%
• DSCR: 1.46
• GRM: 7.7

CMA / ARV

• ARV (on-the-fly): $1,703,136
• Comps found: 2

Show comp detail 2 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
12-21 30th Dr	0.03mi	5/2.0 (+1)	2,646 (+5%)	7mo	$1,200,000	$454	79
14-28 Astoria Park S	0.53mi	5/3.0 (+1)	2,544 (+1%)	6mo	$1,725,000	$678	59

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

0.16% appreciation · 4.79% rent growth · sell at horizon

5-year hold

• IRR: 11.0%
• Equity multiple: 1.54×
• Total profit: $175,802
• Equity at exit: $346,348

10-year hold

• IRR: 16.8%
• Equity multiple: 2.98×
• Total profit: $641,625
• Equity at exit: $424,024

Cash invested: $324,772 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (CITY): 0 Strongly Tenant-Friendly
• State New York: 15 Strongly Tenant-Friendly · D+10
• County: — inherits STATE
• City New York: 0 Strongly Tenant-Friendly · D+34

Rent Stabilization Code; HSTPA; 6+ months in housing court.

Methodology + full state rankings →

ZIP-level market 11102

• Home prices YoY: 0.1%
• Rents YoY: 4.8%
• Active inventory: 114
• Price-to-rent: 15.3×

Monthly cashflow live

• Estimated rent: $12,603 high
• Mortgage (P&I): −$6,083
• Tax from tax record: −$596 /mo · $7,150/yr
• Insurance: −$483
• HOA: −$0
• Vacancy / Maint / Mgmt: −$2,647
• Net cashflow: $2,795

Break-even live

Break-even rent $9,066

Max offer price $1,159,900

Occupancy floor 73%

Sensitivity live

Price	-10% $3,451	-5% $3,123	+0% $2,795	+5% $2,466	+10% $2,138
Rent	-10% $1,799	-5% $2,297	+0% $2,795	+5% $3,292	+10% $3,790
Rate	-1.0pp $3,379	-0.5pp $3,090	base $2,795	+0.5pp $2,494	+1.0pp $2,188

2-unit breakdown (identical units grouped — click to expand)

Units	Beds	Baths	Est. rent
▸ 2× units	2	1	$12,604
Total (2 units)			$12,603

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $289,975
• Closing costs: $34,797
• Reserves months: —
• Total cash needed: —

Rent comps 4 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2812 37th St Astoria, NY	3.0	1.5	2200	$4,700	$2.14	19d	1	0.87mi
344 E 84th St #1 New York, NY	3.0	2.5	2100	$14,000	$6.67	22d	1	1.11mi
422 E 72nd St Unit 32DE New York, NY	4.0	4.5	3368	$40,000	$11.88	25d	1	1.21mi
120 E 87th St Unit R18BC New York, NY	3.0	3.0	2700	$24,000	$8.89	25d	1	1.45mi

Listing history 17 events

1. 2026-02-23
   soldstatus $1,150,000
2. 2025-12-01
   status Pending
3. 2025-11-14
   price $1,159,900
4. 2025-09-24
   price $1,150,000
5. 2025-07-21
   price $1,225,000
6. 2025-07-21
   listed $1,225,000 Active
7. 2025-06-21
   historical
8. 2025-05-14
   price $1,339,000
9. 2025-03-18
   price $1,349,000
10. 2025-02-10
    price $1,399,000
11. 2024-12-22
    listed $1,449,000 Active
12. 2005-03-18
    soldstatus $670,000
13. 2004-08-02
    historical
14. 2004-06-07
    listed $749,999
15. 2004-03-05
    soldstatus $499,000
16. 2001-02-15
    soldstatus $390,000
17. 1998-11-12
    soldstatus $210,000

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast NY · Partial reset (capped growth)

• Current annual tax: $7,150 · $596/mo
• Projected year-2 tax: $13,376 · $1,115/mo
• Expected delta: +$6,226/yr (+$519/mo · 87.1%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 3/10 Moderate FEMA zone X (unshaded) · 12% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 6/10 Major 7 d/yr ≥99°F today · 15 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 27% chance of damaging wind over 30 yrs
• 🫁 Air quality 4/10 Moderate 5 unhealthy d/yr today · 6 by 30 yrs out

Taxation est. · year 1

• Rental income: $151,236
• − Mortgage interest: −$64,972
• − Property taxes: −$7,150
• − Insurance: −$5,800
• − Repairs & maintenance: −$12,099
• − Management: −$12,099
• − Depreciation: −$33,743
• Taxable income: $15,374
• Est. tax owed @ 24.0%: −$3,690
• After-tax cash flow: $29,845/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

No district data.

Livability — New York

• Score: 75/100
• State rank: #268
• US rank: #4188

Category grades

Amenities A+ Commute A+ Cost of living F Crime F Employment A- Housing C+ Health & safety A User ratings A

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: New York, NY
• County: Queens County · 1,914,869 people
• City population: 7,731,280
• Metro: New York-Newark-Jersey City, NY-NJ-PA
• Population (ZIP): 28,503
• Household income: $96,617
• Rent vs Own: 86.6% rent · 13.4% own
• Severe rent burden: 2407.0

Population outlook (Queens County) Hauer SSP2

• Today (2025): 2,546,320 people
• By 2030: 2,643,059 · +3.8%
• By 2040: 2,815,563 · +10.6%
• By 2050: 2,944,423 · +15.6%
• By 2075: 3,123,338 · +22.7%
• By 2100: 3,098,688 · +21.7%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.69)
• Race & ethnicity: White 47% Hispanic / Latino 26% Asian 15% Two or more races 12% Black 6%
• Hispanic origin (detail): Mexican 4% Puerto Rican 5% Dominican 3%
• Common ancestry: Romanian 2% Lithuanian 1% Italian 1%
• Foreign-born: 34% · Canada, China, Jamaica
• Languages at home: 55% English-only · Spanish 21% Other Indo-European 14% Russian/Polish/Slavic 3%

Political lean MEDSL · Queens

• 2024 margin: Strong D (+24.6) · D 62.3% · R 37.7%
• 2008→2024 swing: -26.2pp toward R · 2008: 50.8pp · 2024: 24.6pp
• All cycles: 2024: D+24.6 2020: D+45.2 2016: D+53.4 2012: D+58.5 2008: D+50.8

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 0.16%
• Current HPI: 144.3118
• Rent YoY: ▲ 4.79%
• Metro: New York-Newark-Jersey City, NY-NJ-PA
• State GDP YoY: ▲ 2.60%
• F500 in state: 92

Industry mix (Fortune 500 HQ in NY)

Industry	F500 HQs	Revenue
▸Financial Services	10	$950B
▸Consumer Goods	9	$162B
▸Insurance	4	$225B
▸Telecommunications	2	$144B
▸Pharmaceuticals	2	$112B
▸Media / Entertainment	2	$69B

Price history

+447.6% since first listed

17 events — show timeline

• 2026-02-23 Sold (Public Records) $1,150,000 Public Records
• 2025-12-01 Pending — OneKey® MLS as Distributed by MLS Grid
• 2025-11-14 Price Changed $1,159,900 OneKey® MLS as Distributed by MLS Grid
• 2025-09-24 Price Changed $1,150,000 OneKey® MLS as Distributed by MLS Grid
• 2025-07-21 Price Changed $1,225,000 OneKey® MLS as Distributed by MLS Grid
• 2025-07-21 Listed $1,225,000 OneKey® MLS as Distributed by MLS Grid
• 2025-06-21 Listing Removed — OneKey® MLS as Distributed by MLS Grid
• 2025-05-14 Price Changed $1,339,000 OneKey® MLS as Distributed by MLS Grid
• 2025-03-18 Price Changed $1,349,000 OneKey® MLS as Distributed by MLS Grid
• 2025-02-10 Price Changed $1,399,000 OneKey® MLS as Distributed by MLS Grid
• 2024-12-22 Listed $1,449,000 OneKey® MLS as Distributed by MLS Grid
• 2005-03-18 Sold (Public Records) $670,000 Public Records
• 2004-08-02 Listing Removed — OneKey® MLS as Distributed by MLS Grid
• 2004-06-07 Listed $749,999 OneKey® MLS as Distributed by MLS Grid
• 2004-03-05 Sold (Public Records) $499,000 Public Records
• 2001-02-15 Sold (Public Records) $390,000 Public Records
• 1998-11-12 Sold (Public Records) $210,000 Public Records

Property tax history

+5.4%/yr

Latest (2025): $7,150 · +3.4% YoY. Source: county tax records.