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College Point Multifamily Opportunity

12304 6th Avenue College Point, NY 11356

12304 6th Avenue, College Point, NY, 11356
$1,599,000
For Sale
Claim this Listing
$1,599,000

MULTI_FAMILY - Colonial - College Point, NY

Property Size2,900 SF
Lot Size0.11 Acres
Price / SF$551.38
AddedMar 25
Days on Market112
Last RefreshJul 14 at 2:06 pm

Property Features for 12304 6th Avenue

General Information

Property type
Residential Multi Family
Property subtype
Other
Rooms
Basement, Dining Room
Parking
3
Parking features
Garage, Open, Driveway
Security features
Security System
Window features
Blinds, Skylight(s)
Patio and Porch features
Deck
Interior features
First Floor Bedroom, First Floor Full Bath, Breakfast Bar, Built-in Features, Ceiling Fan(s), Chandelier, Chefs Kitchen, Double Vanity, Dry Bar, Eat-in Kitchen, ENERGY STAR Qualified Door(s), Entertainment Cabinets, Entrance Foyer, Formal Dining, Galley Type Kitchen, Granite Counters, High Ceilings, High Speed Internet, His and Hers Closets, In-Law Floorplan, Kitchen Island, Marble Counters, Natural Woodwork, Open Floorplan, Open Kitchen, Pantry, Primary Bathroom, Master Downstairs, Recessed Lighting, Smart Thermostat, Soaking Tub, Sound System, Speakers, Storage, Tile Counters, Tray Ceiling(s), Walk Through Kitchen, Washer/Dryer Hookup
Exterior features
Balcony, Lighting, Mailbox
Fencing
Fenced
Fireplace
1
Basement
Walk-Out Access, Finished, Full
Standard status
Active
APN
03947-0040
Size
2,900 SF
Lot size
0.11 Acres

Taxes and HOA fees

Tax Year
2025
Tax Annual Amount
8791

Utilities

Sewer type
Public Sewer
Heating system
Electric (Heating)
Cooling system
Electric
Water source
Public

Building Details

Year built
1940
Number of units
2
Flooring type
Hardwood
Building materials
Brick
Architectural style
Colonial
Additional Structures
Storage

Listing agent Derek J. Greene License #SBR004802

Listing office Greene Realty Group 4 Field Way, Worcester, NY

Listing date Mar 25, 2026

MLS# 976347 Listing URL

Copyright © 2026 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.


Investment Insights

Based on property information with market context.

This multifamily property, located in College Point, Queens, New York, features two freestanding buildings: a house and a garage. Constructed around 2015, the two-family residence has approximately 2,900 finished square feet. The exterior walls are made of red brick. The lot measures 50 feet by 100 feet, totaling approximately 0.1148 acres. The property is zoned R3A. The annual property tax is $8,899.

Key Highlights

  • Finished 2,900 SF with an in‑law floorplan and master/primary downstairs setup
  • Colonial red‑brick home with 1st floor bedroom and 1st floor full bath
  • Kitchen features granite and marble counters, kitchen island, pantry, and walk‑through/open layout

Local 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 $134.0k $46.20
− Vacancy −$5.1k −$1.76
EGI $128.9k $44.44
− OpEx −$58.0k −$20.00
NOI $70.9k $24.44
2,900 SF · lease $46.20/SF/yr · vacancy 3.80% · expense 45.00%

Alternative Uses

Best Use
Apartment 5plus
$1.01M
$886.1K – $1.18M (±1% cap)
NOI $70,889 @ 7.0% cap · market cap 4.43%
Second Best
Multifamily LT 5
$685.7K
$600.0K – $800.0K (±1% cap)
NOI $48,000 @ 7.0% cap · market cap 3.00%
Theoretical Best
Office A
$2.14M
$1.87M – $2.49M (±1% cap)
NOI $149,654 @ 7.0% cap · market cap 9.36%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Duplexes

Suggested Use

Law Firm Dental Office Real Estate Agency Parking Lot & Garage Acupuncture (Bike/Boat/Book/etc) Store (Bike/Boat/Book/etc) Store Travel Agency Catering Service (Bike/Boat/Book/etc) Store

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

FAQs

What type of property is this?
Duplex - Two-family property in College Point, built around 2015.
Where is this duplex located?
The property is located at 12304 6th Avenue College Point, NY.
What is the asking price?
The asking price for this property is $1,599,000.
What are key features of this property?
This property features: Finished 2,900 SF with an in‑law floorplan and master/primary downstairs setup; Colonial red‑brick home with 1st floor bedroom and 1st floor full bath; Kitchen features granite and marble counters, kitchen island, pantry, and walk‑through/open layout
Contact an agent
More about this property
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