College Point Two-Family
1322 123rd Street College Point, NY 11356
For Sale
$1,198,888
Pending
MULTI_FAMILY - College Point, NY
Property Size3,738 SF
Lot Size0.06 Acres
Days on Market103
Property Features for 1322 123rd Street
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Bedrooms
7
Bathrooms
4
Rooms
Bedroom 7, Bathroom 4, Bedroom 1, Bedroom 4, Bedroom 5, Bedroom 6, Bedroom 2, Bathroom 1, Bedroom 3, Basement, Bathroom 2, Bathroom 3
Interior features
First Floor Bedroom, First Floor Full Bath, Eat-in Kitchen, Entrance Foyer, Primary Bathroom
Basement
Walk-Out Access, Finished, Full
Standard status
Pending
APN
03997-0033
Lot size
0.06 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
7298
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Natural Gas, Baseboard
Water source
Public
Building Details
Year built
1910
Number of units
2
Building materials
Frame
Listing Agency:
B Square Realty
(718) 939-8388
Listed By:
Ying Zhuo
(917) 622-9319
Added: Apr 17
Changed: Jul 17
Last Checked: Jul 28 at 7:06AM
MLS# 987052
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 fully detached two-family house is located in College Point. The three-level property offers flexibility for both end-users and investors. The first floor features 4 bedrooms and 2 full bathrooms, with dimensions of 21 * 65 ft including the basement. The second floor includes 3 bedrooms and 2 full bathrooms, with dimensions of 21X48 ft. The lower level is a full finished basement with 2 rooms, a recreation area, a bathroom, and two separate entrances. The property has two heating systems. The house has been recently fully renovated and is in move-in ready condition. The lot size is 0.0574 acres. The property is located near supermarkets, restaurants, public transportation, and daily amenities.
Key Highlights
- Fully detached two‑family home with first‑floor, second‑floor, and fully finished basement spaces
- First floor features 4 bedrooms and 2 full bathrooms, plus first‑floor bedroom and first‑floor full bath
- Second floor has 3 bedrooms and 2 full bathrooms (includes primary bathroom)
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 | $172.7k | $46.20 |
| − Vacancy | −$6.6k | −$1.76 |
| EGI | $166.1k | $44.44 |
| − OpEx | −$74.8k | −$20.00 |
| NOI | $91.4k | $24.44 |
3,738 SF · lease $46.20/SF/yr · vacancy 3.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.31M
$1.14M – $1.52M
NOI $91,373 @ 7.0% cap · market cap 7.62%
Second Best
Multifamily LT 5
$883.9K
$773.4K – $1.03M
NOI $61,870 @ 7.0% cap · market cap 5.16%
Theoretical Best
Office A
$2.76M
$2.41M – $3.21M
NOI $192,899 @ 7.0% cap · market cap 16.09%
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?
Duplex - Two-family house in College Point near amenities and transportation.
Where is this duplex located?
The property is located at 1322 123rd Street College Point, NY.
What is the asking price?
The asking price for this property is $1,198,888.
What are key features of this property?
This property features: Fully detached two‑family home with first‑floor, second‑floor, and fully finished basement spaces; First floor features 4 bedrooms and 2 full bathrooms, plus first‑floor bedroom and first‑floor full bath; Second floor has 3 bedrooms and 2 full bathrooms (includes primary bathroom)
