Mixed-Use Quadplex with Office
For Sale
$1,210,000
15-46 125th Street, College Point, NY 11356
MULTI_FAMILY - College Point, NY
Property Size5,234 SF
Lot Size0.04 Acres
Price / SF$605
Days on Market153
Property Features for 15-46 125th Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R4A
Rooms
Basement
Basement
Finished, Walk-Out Access, Full
Directions
College Point Blvd to 18th Ave to 125th St
Standard status
Active
APN
04088-0001
Lot size
0.04 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
32109
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas
Cooling system
Multi Units
Water source
Public
Building Details
Year built
1930
Number of units
4
Building materials
Brick
Listing Agency:
BERKSHIRE HATHAWAY · Berkshire Hathaway HomeServices
(516) 741-3070
Listed By:
Fatima Smith AHWD
(516) 668-9154
Added: Mar 4
Changed: Aug 2
Last Checked: Aug 4 at 5:06PM
MLS# 967600
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.
A mixed-use quadplex at 15-46 125th Street in College Point offers a combined setup for office and residential income. The building is 5,234 square feet with brick construction and was built in 1930. The lower level and ground floor provide approximately 660 to 2,000 square feet of flexible office space with both front and side entrances, supporting an owner-user or tenant leasing scenario. The second and third floors are fully occupied multifamily apartment units.
The property is zoned R4A and served by public water and public sewer. Heating is provided by natural gas, and cooling is listed as multi units. The building includes a basement as part of the overall configuration.
The property is zoned R4A and served by public water and public sewer. Heating is provided by natural gas, and cooling is listed as multi units. The building includes a basement as part of the overall configuration.
Key Highlights
- 5,234‑square‑foot mixed‑use quadplex with brick construction
- Lower level and ground floor offer 660 to 2,000 square feet of flexible office space
- Front and side entrances for the office‑level space
Financial Insights For Office B
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 | $100.8k | $50.40 |
| − Vacancy | −$13.0k | −$6.50 |
| EGI | $87.8k | $43.90 |
| − OpEx | −$21.9k | −$10.97 |
| NOI | $65.8k | $32.92 |
2,000 SF · lease $50.40/SF/yr · vacancy 12.90% · expense 25.00%
Alternative Uses
Best Use
Office B
$940.7K
$823.1K – $1.10M
NOI $65,848 @ 7.0% cap · market cap 5.44%
Second Best
Apartment 5plus
$698.4K
$611.1K – $814.8K
NOI $48,889 @ 7.0% cap · market cap 4.04%
Theoretical Best
Office A
$1.47M
$1.29M – $1.72M
NOI $103,210 @ 7.0% cap · market cap 8.53%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,688
Businesses Nearby
Explore this area
Business Placement
Demographics for 11356, NY
28,310
Population
9,003
Households
3.1
Avg Household Size
37
Median Age
25%
College-Educated
78%
High-School Grad
1.6 sq mi
ZIP Area
17,694
Density / Sq Mi
$91,445
Median Household Income
$40,928
Median Earnings
$2,160
Median Rent
$893,100
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - R4A zoned quadplex with brick construction, flexible ground-floor office space, and fully occupied apartments on upper floors.
Where is this quadplex located?
The property is located at 15-46 125th Street College Point, NY.
What is the asking price?
The asking price for this property is $1,210,000.
What are key features of this property?
This property features: 5,234‑square‑foot mixed‑use quadplex with brick construction; Lower level and ground floor offer 660 to 2,000 square feet of flexible office space; Front and side entrances for the office‑level space
