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Updated Four-Family Income Property

6-20 127th Street College Point, NY 11356

6-20 127th Street, College Point, NY, 11356
$1,580,000
Pending
For Sale
Claim this Listing
$1,580,000
Pending

MULTI_FAMILY - College Point, NY

Property Size2,750 SF
Lot Size0.08 Acres
AddedOct 4, 2025
Days on Market284
Last RefreshJul 14 at 12:06 pm

Property Features for 6-20 127th Street

General Information

Property type
Residential Multi Family
Property subtype
Other
Bedrooms
8
Bathrooms
4
Rooms
Bathroom 4, Bedroom 7, Bedroom 2, Bathroom 2, Bedroom 4, Bedroom 8, Bathroom 1, Bathroom 3, Bedroom 6, Dining Room, Bedroom 3, Basement, Bedroom 5, Bedroom 1
Parking
4
Interior features
Built-in Features, Eat-in Kitchen, Formal Dining
Basement
Walk-Out Access, Full, Finished
Standard status
Pending
APN
03953-0054
Lot size
0.08 Acres

Taxes and HOA fees

Tax Year
2025
Tax Annual Amount
23639

Utilities

Utilities
Water Available
Sewer type
Public Sewer
Heating system
Hot Water(Heating), Natural Gas
Cooling system
Electric, ENERGY STAR Qualified Equipment
Water source
Public

Building Details

Year built
1952
Number of units
4
Flooring type
Hardwood
Building materials
Brick

Listing agent Xingye Fu

Listing office EXP Realty 70 E Sunrise Hwy Ste 500, Hauppauge, NY

Listing date Oct 4, 2025

MLS# 918529 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 updated four-family property is located in College Point, New York. The two-story building includes a full finished basement and offers rental potential. The building size is 28x50, with a total interior space of 2750 square feet. Each unit features two bedrooms and one bath, with multiple separate entrances. Two units are owner-occupied. The property includes spacious living rooms with new cabinetry, gas stoves, new hardwood floors, and AC split units throughout. Additional features include a balcony, a detached garage with a large terrace, and a private driveway. Solar panels are installed for energy efficiency and cost savings. The property is near Target, BJ's, shopping, dining, and neighborhood conveniences. The location is a 12-minute drive to downtown Flushing, with Q20/Q26/Q25 buses providing direct access to Main Street and the 7 train. The lot size is 0.0826 acres.

Key Highlights

  • Four‑family income‑producing property with total interior space of 2,750 SF and building size 28x50
  • Brick, two‑story building with a full finished basement and multiple separate entrances for each unit
  • Each unit features 2 bedrooms and 1 bath, with 2 units owner‑occupied

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 $127.1k $46.20
− Vacancy −$4.8k −$1.76
EGI $122.2k $44.44
− OpEx −$55.0k −$20.00
NOI $67.2k $24.44
2,750 SF · lease $46.20/SF/yr · vacancy 3.80% · expense 45.00%

Alternative Uses

Best Use
Apartment 5plus
$960.3K
$840.3K – $1.12M (±1% cap)
NOI $67,222 @ 7.0% cap · market cap 4.25%
Second Best
Multifamily LT 5
$650.2K
$569.0K – $758.6K (±1% cap)
NOI $45,517 @ 7.0% cap · market cap 2.88%
Theoretical Best
Office A
$2.03M
$1.77M – $2.37M (±1% cap)
NOI $141,913 @ 7.0% cap · market cap 8.98%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Quadplexes

Suggested Use

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

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

FAQs

What type of property is this?
Quadplex - Well-maintained, updated four-family property in prime College Point location.
Where is this quadplex located?
The property is located at 6-20 127th Street College Point, NY.
What is the asking price?
The asking price for this property is $1,580,000.
What are key features of this property?
This property features: Four‑family income‑producing property with total interior space of 2,750 SF and building size 28x50; Brick, two‑story building with a full finished basement and multiple separate entrances for each unit; Each unit features 2 bedrooms and 1 bath, with 2 units owner‑occupied
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