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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 11 at 6:06 pm

    Property Features for 11-41 123Rd St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Rooms
    Bedroom 1, Bathroom 5, Bedroom 6, Bedroom 11, Bedroom 9, Bedroom 18, Bathroom 1, Bedroom 7, Bedroom 14, Bedroom 15, Bedroom 2, Bathroom 4, Bedroom 13, Bathroom 2, Bedroom 4, Bedroom 8, Bathroom 3, Bedroom 17, Basement, Bedroom 5, Bathroom 7, Bedroom 10, Bathroom 6, Bedroom 16, Bedroom 3, Bedroom 12
    Bedrooms
    18
    Bathrooms
    7
    APN
    03997-0040
    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 10, 2025

    MLS# 942874 Listing URL

    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 College Point. The detached, all-brick building features sunny rooms with high ceilings and spacious layouts throughout. The main level contains 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 3-bedroom apartments. The walk-in level includes an additional apartment with 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 for multiple car parking. The property is conveniently located close to shopping and transportation, with easy access to Flushing/Main Street buses, subway, and 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
    -73.844856
    Latitude
    40.7868

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    FAQs

    What type of property is this?
    Apartment building - Legal 7-family property with vacant apartments 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 property: Ready for immediate rental income or renovation.; - Detached all-brick construction: Offers durability and classic appeal.; - Updated heating and electric systems: Reduces immediate maintenance costs.
    (917) 251-4499
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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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