1124 128th Street Queens, NY 11356
MULTI_FAMILY - Queens, NY
Property Features for 1124 128th Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- R4A
- Bedrooms
- 6
- Bathrooms
- 8
- Rooms
- Bathroom 4, Bathroom 2, Bathroom 7, Bedroom 6, Bathroom 3, Bedroom 4, Bathroom 8, Bathroom 6, Bedroom 3, Bedroom 2, Bedroom 5, Bathroom 5, Bathroom 1, Bedroom 1
- Patio and Porch features
- Porch
- Interior features
- A/C Unit - Wall, Central Air, Laundry Area, Porch, Refrigerator, Stove, Washer
- Basement
- Finished
- Standard status
- Active
- Size
- 4,097 SF
- Lot size
- 0.11 Acres
Taxes and HOA fees
- Tax Annual Amount
- 16859
Building Details
- Year built
- 2013
- Floors in Building
- 2
- Flooring type
- Hardwood, Ceramic
- Building materials
- Brick
Listing agent Hui L. (Nancy) Feng (347) 276-4737
Listing office Grandeur Realty, Inc. 8019 17th Ave, Brooklyn, NY (917) 810-3870
Listing date May 29, 2026
Copyright © 2026 Brooklyn New York Multiple Listing Service. 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.
The home is set on a large lot and includes a huge backyard for outdoor entertaining, relaxation, or future customization. A private driveway and the surrounding outdoor areas support day-to-day convenience and livability. The property is positioned on a quiet residential block, with access to schools, parks, waterfront areas, shopping, and transportation.
For buyers seeking a detached, multi-family setup with renovation updates, balcony space, and finished basement flexibility, this configuration offers two separate residences under one roof. The double-height main living experience and modernized interior finishes support comfortable everyday living, while the expansive outdoor area and private driveway help round out the overall functionality of the property.
Key Highlights
- Fully detached brick 2‑family home (36x50) built in 2013
- Set on a 50x95 lot with a private driveway and a huge backyard
- Two side‑by‑side single‑family‑style residences across four full stories plus a finished basement
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 | $189.3k | $46.20 |
| − Vacancy | −$7.2k | −$1.76 |
| EGI | $182.1k | $44.44 |
| − OpEx | −$81.9k | −$20.00 |
| NOI | $100.1k | $24.44 |
