Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Six-Unit Multifamily in College Point Title is generated by Realmo AI

    22-14 120th Street, College Point, NY 11356

    View on Map
    Claim this Listing
    For Sale
    $1,299,999

    MULTI_FAMILY - College Point, NY

    Lot size:
    0.11 Acres
    Added:
    Mar 10, 2026
    Days on Market:
    86
    Last Refresh:
    Jun 3 at 5:06 am

    Property Features for 22-14 120th Street

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Bedrooms
    10
    Bathrooms
    6
    Rooms
    Bedroom 6, Bathroom 2, Bathroom 6, Bedroom 1, Bedroom 10, Bedroom 2, Bedroom 3, Bathroom 5, Basement, Bedroom 7, Bedroom 8, Bathroom 1, Bathroom 3, Bedroom 9, Bathroom 4, Bedroom 5, Bedroom 4
    Parking
    3
    Parking features
    Driveway
    Security features
    Security System
    Interior features
    First Floor Bedroom, First Floor Full Bath, Built-in Features, Natural Woodwork
    Fencing
    Chain Link
    Basement
    Storage Space, Full, Walk-Out Access, Unfinished
    Standard status
    Active
    APN
    04195-0032
    Lot size
    0.11 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    20015

    Utilities

    Utilities
    Cable Available
    Sewer type
    Public Sewer
    Heating system
    Natural Gas
    Cooling system
    Wall/Window Unit(s), Window Unit(s)
    Water source
    Public

    Building Details

    Year built
    1931
    Number of units
    6
    Flooring type
    Tile - Ceramic, Laminate, Hardwood
    Building materials
    Brick, Stucco

    We can help!

    Listing Contact
    Jennifer Talley

    Listing agent Jennifer Talley License #10401360295

    Listing office Hampton Estates Realty LLC 7 Sunset Ave, Westhampton Beach, NY

    Listing date Mar 10, 2026

    MLS# 969527 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.

    HighLights

    • Stable, rent‑stabilized six‑unit multifamily building in College Point, Queens.
    • Generates over $111,000 in annual gross rental income with an approximate 6.3% cap rate.
    • Ideal unit mix: two 1‑bedroom and four 2‑bedroom apartments.
    • Located in a desirable area close to shopping, restaurants, parks, schools, and public transportation.
    • Offers future upside potential upon legal vacancy.
    • Easy access to Downtown Flushing, major highways, and LaGuardia Airport.

    Overview

    This six-unit, rent-stabilized multifamily property is located in the desirable College Point neighborhood of Queens. The building features a stable, long-term tenant base and offers future income upside upon legal vacancy, making it ideal for a patient investor seeking a durable NYC income asset. The property is well-maintained and features an ideal unit mix consisting of two 1-bedroom apartments on the first floor and four 2-bedroom apartments located on the second and third floors. This unit mix offers strong tenant appeal and consistent rental demand. The property generates over $111,000 in annual gross rental income, offering investors an approximate 6.3% cap rate. The property is situated on a lot of approximately 0.1148 acres. The location in College Point provides convenient access to shopping, restaurants, parks, schools, and public transportation. It also offers easy access to Downtown Flushing, major highways, and LaGuardia Airport. The area experiences strong rental demand due to its convenient location and vibrant community.
    Property Profile Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Gym & Fitness Center Grocery & Convenience Store

    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
    -73.848145
    Latitude
    40.779717

    Nearby Similar for Sale

    • $1,300,000
      2,674 SF

      College Point Two-Family Home

      Two-family home in College Point with parking and yard.
      117-11 14th Road, College Point, NY 11356
      View Details
    • $1,298,000
      3,200 SF

      Turnkey Brick Income Property

      Two-family property in prime waterfront community with high income potential.
      11463 Dalian Court, College Point, NY 11356
      View Details
    • $1,599,000
      2,900 SF

      College Point Multifamily Opportunity

      Two-family property in College Point, built around 2015.
      12304 6th Avenue, College Point, NY 11356
      View Details
    • $1,680,000
      3,300 SF

      Well-Maintained Two-Family Brick Residence

      Two-family residence in College Point, ideal for owners or investors.
      20-08 125th Street, College Point, NY 11356
      View Details
    • $1,750,000

      Legal Two-Family Residential Investment

      Legal two-family home with mirrored unit layouts and a finished two-bedroom accessory dwelling in the basement.
      119-23 7th Avenue, College Point, NY 11356
      View Details
    • $1,500,000
      3,200 SF

      College Point Income-Producing Industrial Property

      Well-maintained industrial property in College Point, offering stable income.
      124-15 18th Avenue, College Point, NY 11356
      View Details
    • $3,499,999
      8,600 SF

      College Point Warehouses For Sale

      Two warehouses totaling 8,600 SF in College Point, NY.
      110-19 and 110-23 15th Avenue, College Point, NY 11356
      View Details
    • $1,450,000

      College Point Two-Family Home

      Two-family home in College Point with modern upgrades.
      13-05 128th Street, College Point, NY 11356
      View Details
    • $1,488,000

      Spacious Two-Family Home in College

      Well-maintained two-family home in College Point, ideal for investors.
      126-09 5th Avenue, College Point, NY 11356
      View Details
    • $1,495,000

      College Point Two-Family Home

      Two-family home in College Point near mass transit.
      916 128th Street, College Point, NY 11356
      View Details
    • $1,648,000
      1,040 SF

      New Two-Family Home in College Point

      New construction two-family home with finished basement and attic.
      3-24 125th Street, College Point, NY 11356
      View Details
    • $1,450,000

      College Point Two-Family Home

      Spacious two-family home with modern amenities and convenient location.
      13-03 A 128th St, College Point, NY 11356
      View Details

    FAQs

    What type of property is this?
    Apartment building - Rent-stabilized multifamily in desirable College Point neighborhood with income upside.
    Where is this apartment building located?
    The property is located at 22-14 120th Street College Point, NY.
    What is the asking price?
    The asking price for this property is $1,299,999.
    What are key features of this property?
    This property features: Stable, rent‑stabilized six‑unit multifamily building in College Point, Queens.; Generates over $111,000 in annual gross rental income with an approximate 6.3% cap rate.; Ideal unit mix: **two 1‑bedroom and four 2‑bedroom apartments.**
    (631) 504-7170
    We can help!
    Listing Contact
    Jennifer Talley
    Real Estate License ID: 10401360295
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    22-14 120th Street, College Point, NY 11356
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!