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    11-41 123Rd St College Point, NY 11356

    New
    For Sale
    $2,248,888

    MULTI_FAMILY - College Point, NY

    Days on Market:
    2
    Last Refresh:
    Dec 10 at 12:06 am

    Property Features for 11-41 123Rd St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Rooms
    Basement
    Parking features
    Driveway
    Basement
    Full, Finished

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Oil
    Cooling system
    Wall/Window Unit(s), Window Unit(s)
    Water source
    Public

    Building Details

    Year built
    1857
    Number of units
    7
    Building materials
    Brick

    Keller Williams Realty Landmark (718) 475-2777 [email protected]

    Listing agent Deirdre A. Folan (917) 251-4499

    Listing date Dec 9, 2025

    Copyright © 2025 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.

    Overview

    College Point Multifamily Investment Opportunity

    This is a legal 7-family investment property located in the heart of College Point. The detached, all-brick building features sunny rooms with high ceilings and spacious layouts throughout. The main level includes two apartments, each with a living room with fireplace, an open and updated kitchen, two bedrooms, a sunroom/office, and a bathroom. The second level also features two apartments, each with a living room with fireplace, an open and updated kitchen, two bedrooms, and a bathroom. The third level contains two apartments, each with three bedrooms. The walk-in level has an additional apartment featuring a living room, kitchen, and four bedrooms. There is also an additional finished basement with a separate entrance. The property has an updated heating system and updated electric. There are multiple entrances to the building, both front and back, and a long private driveway provides parking for multiple cars. The location is convenient, close to shopping and transportation, with easy access to Flushing/Main Street buses, the subway, and the train. This property offers great potential and is ideal for a 1031 exchange and investors. All apartments are vacant.
    Location Intelligence

    Current Use by Public Records

    1031 exchange properties

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    College Point
    County
    Queens
    State
    New York
    Longitude
    -73.844219
    Latitude
    40.792133

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    FAQs

    What type of property is this?
    Apartment building - Unique 7-family property with vacant units in College Point.
    Where is this apartment building located?
    The property is located at 11-41 123Rd St College Point, NY.
    What is the asking price?
    The asking price for this property is $2,248,888.
    What are key features of this property?
    This property features: - Vacant 7-family detached brick building - ready for immediate occupancy/rental income.; - Updated heating and electrical systems.; - Spacious apartments feature high ceilings, sunny rooms, and updated kitchens.
    (917) 251-4499
    Request Owner's contact information
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    11-41 123Rd St College Point, NY 11356
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