Brick Duplex with Private Outdoor
New
For Sale
$1,299,000
114-26 Dalian Court, Queens, NY 11356
MULTI_FAMILY - Queens, NY
Property Size3,200 SF
Lot Size0.03 Acres
Price / SF$405.94
Days on Market4
Property Features for 114-26 Dalian Court
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
5
Bathrooms
5
Full bathrooms
3
Half bathrooms
2
Rooms
Bedroom 5, Bathroom 5, Bathroom 4, Bathroom 3, Bedroom 2, Bedroom 4, Bathroom 1, Bedroom 1, Bathroom 2, Bedroom 3
Patio and Porch features
Deck
Interior features
Central Air, Deck, Dryer, Laundry Area, Microwave, Refrigerator, Stove, Terrace, Washer
Basement
Full, Finished
Subdivision
College Point
Standard status
Active
Size
3,200 SF
Lot size
0.03 Acres
Taxes and HOA fees
Tax Annual Amount
9897
Amenities
central air conditioning
private balcony
private backyard
private entrance
Jacuzzi tub
walk-in closet
stone countertops
double-door refrigerator
Building Details
Year built
2003
Floors in Building
4
Number of units
2
Flooring type
Hardwood, Tile
Building materials
Brick
Listing Agency:
RE/MAX Edge · RE/MAX International
(718) 612-3088
Listed By:
Michelle J. Zhang · License #MZ4172
(718) 612-3088
Added: Aug 17
Changed: Aug 19
Last Checked: Aug 20 at 9:06AM
MLS# 503856
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.
Built in 2003, this 3,200-square-foot brick duplex combines a multi-level interior with private outdoor areas and two dedicated off-street parking spaces. The home includes multiple bedrooms and bathrooms, central air conditioning, separate heating and hot water systems, hardwood and tile flooring, and laundry equipment. Kitchens feature stone countertops, extensive cabinetry, a double-door refrigerator, a stove, and a microwave. Living areas open to private exterior spaces, including a balcony and backyard access. The lower level provides high ceilings, recreation space, storage, a bathroom, and a laundry area.
The property occupies a 0.0321-acre lot at 114-63 Dalian Court in Queens, NY 11356. Its College Point setting is near Flushing, local shopping and dining, P.S. 129 Patricia Larkin, Hermon A. MacNeil Park, and the Q26 bus line. A private backyard supports outdoor use, while the balcony overlooks the yard and nearby canal.
The property occupies a 0.0321-acre lot at 114-63 Dalian Court in Queens, NY 11356. Its College Point setting is near Flushing, local shopping and dining, P.S. 129 Patricia Larkin, Hermon A. MacNeil Park, and the Q26 bus line. A private backyard supports outdoor use, while the balcony overlooks the yard and nearby canal.
Key Highlights
- 3,200 square feet on a 0.0321‑acre lot
- Brick duplex built in 2003
- Two dedicated off‑street parking spaces
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$78,222
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.02%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,564,440
$1.6M
Cap Rate 7%
$1,117,457
$1.1M
Cap Rate 9%
$869,133
$869.1K
Market Conditions
NOI Build-Up for 3,200 SF
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.
Gross rent
$147.8K $46.20/SF
− Vacancy
−$5.6K −$1.76/SF
EGI
$142.2K $44.44/SF
− OpEx
−$64.0K −$20.00/SF
NOI
$78.2K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,564,440
Cap Rate 7%
$1,117,457
Cap Rate 9%
$869,133
Alternative Uses
Best Use
Apartment 5plus
$1.12M
$977.8K – $1.30M
NOI $78,222 @ 7.0% cap · market cap 6.02%
Second Best
Multifamily LT 5
$756.6K
$662.1K – $882.8K
NOI $52,965 @ 7.0% cap · market cap 4.08%
Theoretical Best
Office A
$2.36M
$2.06M – $2.75M
NOI $165,135 @ 7.0% cap · market cap 12.71%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Well-maintained multi-level duplex with central air, dedicated parking, balconies, and a private backyard.
Where is this duplex located?
The property is located at 114-26 Dalian Court Queens, NY.
What is the asking price?
The asking price for this property is $1,299,000.
What are key features of this property?
This property features: 3,200 square feet on a 0.0321‑acre lot; Brick duplex built in 2003; Two dedicated off‑street parking spaces
