Renovated Two-Family
For Sale
$1,290,000
11-63 129th Street, College Point, NY 11356
Renovated two-family residence built in 1974 featuring a central entry, balconies, and a finished basement with backyard access.
Days on Market28
Property Features for 11-63 129th Street
General Information
Standard status
Active
Property subtype
Duplex
Units
Unit Mix
1 x 1BR, 1 x 3BR
Multifamily Units
2
Amenities
balcony
finished basement
Building Details
Building Size
1,800 SF
Year Built
1974
Buildings
1
Listing Agency:
Signature Premier Properties
Listed By:
Susan Sanchez CBR SRES
Source:
Serhant
Added: Jul 5
Changed: Jul 31
Last Checked: Aug 1 at 10:57AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Signature Premier Properties
Investment Insights
Based on property information with market context.
This beautifully renovated two-family home offers a versatile interior layout centered around a convenient central entryway with access to all levels. The first-floor unit includes a well-appointed kitchen with abundant cabinet space, a full bath, a spacious living room, a comfortable bedroom, and excellent closet storage.
The second-floor unit features an open-concept layout with two balconies, a massive living room, a dedicated dining area, and a premium granite and marble kitchen with extensive cabinetry. This level includes three bedrooms, including a primary suite with a private 1.5-bath.
A finished basement provides an entertainment-focused space with new flooring and direct access to the backyard. The home was built in 1974 and is positioned for owner-occupants or investors seeking a turn-key, renovated two-family property with strong functional separation between units.
The second-floor unit features an open-concept layout with two balconies, a massive living room, a dedicated dining area, and a premium granite and marble kitchen with extensive cabinetry. This level includes three bedrooms, including a primary suite with a private 1.5-bath.
A finished basement provides an entertainment-focused space with new flooring and direct access to the backyard. The home was built in 1974 and is positioned for owner-occupants or investors seeking a turn-key, renovated two-family property with strong functional separation between units.
Key Highlights
- Central entryway provides access to all levels
- Two‑family layout with first‑floor and second‑floor separate units
- Second‑floor unit has an open‑concept layout with two balconies
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 | $83.2k | $46.20 |
| − Vacancy | −$3.2k | −$1.76 |
| EGI | $80.0k | $44.44 |
| − OpEx | −$36.0k | −$20.00 |
| NOI | $44.0k | $24.44 |
1,800 SF · lease $46.20/SF/yr · vacancy 3.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$628.6K
$550.0K – $733.3K
NOI $44,000 @ 7.0% cap · market cap 3.41%
Second Best
Multifamily LT 5
$425.6K
$372.4K – $496.6K
NOI $29,793 @ 7.0% cap · market cap 2.31%
Theoretical Best
Office A
$1.33M
$1.16M – $1.55M
NOI $92,889 @ 7.0% cap · market cap 7.20%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,630
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 Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Renovated two-family residence built in 1974 featuring a central entry, balconies, and a finished basement with backyard access.
Where is this duplex located?
The property is located at 11-63 129th Street College Point, NY.
What is the asking price?
The asking price for this property is $1,290,000.
What are key features of this property?
This property features: Central entryway provides access to all levels; Two‑family layout with first‑floor and second‑floor separate units; Second‑floor unit has an open‑concept layout with two balconies
