College Point Two-Family
1423 116th Street College Point, NY 11356
1423 116th Street, College Point, NY, 11356
$1,380,000
Pending
For Sale
$1,380,000
Pending
MULTI_FAMILY - College Point, NY
Property Size3,000 SF
Lot Size0.06 Acres
Days on Market122
Property Features for 1423 116th Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Duplex
- Bedrooms
- 6
- Bathrooms
- 4
- Rooms
- Bedroom 3, Bathroom 3, Bedroom 2, Bedroom 1, Bathroom 1, Bathroom 2, Bathroom 4, Dining Room, Basement, Bedroom 6, Bedroom 5, Bedroom 4
- Parking features
- Driveway
- Interior features
- First Floor Bedroom, Formal Dining, High Ceilings, Open Kitchen, Primary Bathroom
- Basement
- Walk-Out Access, Finished, Full
- Standard status
- Pending
- APN
- 04051-0005
- Lot size
- 0.06 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 9268
Utilities
- Utilities
- Natural Gas Available
- Sewer type
- Public Sewer
- Heating system
- Baseboard
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 2006
- Number of units
- 2
- Building materials
- Brick
Listing agency
E Realty International Corp
(718) 886-8110
Listed by
Yanan Eill · License #984506
(516) 493-5363
Added: Mar 23 Updated: Jul 17 at 9:20PM Checked: Jul 22 at 10:06PM
MLS# 975158
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, all-brick legal two-family home is located in College Point. The property offers approximately 3,000 square feet of living space and requires no renovations. Each floor features a layout with 3 bedrooms and 2 full bathrooms, complemented by open-concept kitchens and dining areas. The first floor is currently rented at $3,000 per month, providing income. The second floor is vacant. The second-floor unit includes a living room and large windows. A fully finished basement adds extra flexibility and includes a full bathroom. Additional features include separate gas and electric meters, individual boilers for each unit, central heating and air conditioning, and a private driveway that accommodates up to two vehicles. The property is located minutes from the Q20, Q25, and Q26 buses with direct access to Flushing, and close to College Point Plaza, offering access to supermarkets, banks, restaurants, and everyday essentials. The lot size is 0.0589 acres.
Key Highlights
- Fully detached, all‑brick legal two‑family home with nearly 3,000 sq ft of living space (2006 build)
- Two units: first floor rented for $3,000/month; second floor vacant and ready for occupancy or rental income
- Each floor layout includes 3 bedrooms and 2 full bathrooms with open kitchen and dining room areas
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 | $138.6k | $46.20 |
| − Vacancy | −$5.3k | −$1.76 |
| EGI | $133.3k | $44.44 |
| − OpEx | −$60.0k | −$20.00 |
| NOI | $73.3k | $24.44 |
3,000 SF · lease $46.20/SF/yr · vacancy 3.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.05M
$916.7K – $1.22M
NOI $73,333 @ 7.0% cap · market cap 5.31%
Second Best
Multifamily LT 5
$709.4K
$620.7K – $827.6K
NOI $49,655 @ 7.0% cap · market cap 3.60%
Theoretical Best
Office A
$2.21M
$1.94M – $2.58M
NOI $154,814 @ 7.0% cap · market cap 11.22%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Move-in ready, income-producing two-family home in College Point.
Where is this duplex located?
The property is located at 1423 116th Street College Point, NY.
What is the asking price?
The asking price for this property is $1,380,000.
What are key features of this property?
This property features: Fully detached, all‑brick legal two‑family home with nearly 3,000 sq ft of living space (2006 build); Two units: first floor rented for $3,000/month; second floor vacant and ready for occupancy or rental income; Each floor layout includes 3 bedrooms and 2 full bathrooms with open kitchen and dining room areas
