Building Details

Building Size 2,400 SF

Year Built 2017

Construction semi-detached brick

Listing Agency: Century Titan Group Inc

Listed By: Titan Ren Show Phone

Source: Serhant

Added: Aug 25 Changed: Oct 17 Last Checked: Oct 16 at 3:44PM

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Investment Insights

Based on property information with market context.

Built in 2017, this semi-detached brick duplex is configured as a legal two-family property across four levels. The lower residence includes two bedrooms and a full bath, while the upper residence spans the second and third floors with three bedrooms and three baths. Each unit has a large balcony with water views and views toward LaGuardia Airport. Tenants are responsible for their own utilities.

The property is near Hermon A. MacNeil Park and P.S. 129 Patricia Larkin. Q25, Q26, Q20, and Q76 bus stops are also nearby, providing documented transit access in the surrounding area.

Key Highlights

• Legal two‑family duplex with a four‑level configuration
• Built in 2017 with semi‑detached brick construction
• Lower unit includes 2 bedrooms and 1 full bath

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$58,667

Cap Rate

4.35%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,173,340 $1.2M

Cap Rate 7%

$838,100 $838.1K

Cap Rate 9%

$651,856 $651.9K

Is this asking price fair?

Market Conditions

NOI Build-Up for 2,400 SF

Gross rent

$110.9K $46.20/SF

− Vacancy

−$4.2K −$1.76/SF

EGI

$106.7K $44.44/SF

− OpEx

−$48.0K −$20.00/SF

NOI

$58.7K $24.44/SF

Area

Queens County, NY

Vacancy

3.80%

Lease Rate

$46.20 /SF/Yr

Expense Ratio

45.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,173,340

Cap Rate 7%

$838,100

Cap Rate 9%

$651,856

Alternative Uses

Best Use

Apartment 5plus

$838.1K

$733.3K – $977.8K (±1% cap)

NOI $58,667 @ 7.0% cap · market cap 4.35%

Second Best

Multifamily LT 5

$567.5K

$496.6K – $662.1K (±1% cap)

NOI $39,724 @ 7.0% cap · market cap 2.94%

Theoretical Best

Office A

$1.77M

$1.55M – $2.06M (±1% cap)

NOI $123,852 @ 7.0% cap · market cap 9.17%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick Dental Office Law Firm Real Estate Agency Parking Lot & Garage Acupuncture Catering Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2

Residential units

Location Intelligence

Trade Area within ½ mile

926

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

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

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Frequently Asked Questions

What type of property is this?

Duplex - Semi-detached brick construction features a four-level layout with separate utility responsibility for tenants.

Where is this duplex located?

The property is located at 114-01 Taipei Court College Point, NY.

What is the asking price?

The asking price for this property is $1,350,000.

What are key features of this property?

This property features: Legal two‑family duplex with a four‑level configuration; Built in 2017 with semi‑detached brick construction; Lower unit includes 2 bedrooms and 1 full bath