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Detached 7-Family Apartment Building
New
For Sale
$1,688,000

1141 123th Street, New York, NY 11356

Vacant detached brick property with updated heating and electrical systems.

Property Size8,928 SF
Lot Size0.22 Acres
Price / SF$189.07
Days on Market7

Property Features for 1141 123th Street

General Information

Standard status Active
Size 8,928 SF
Lot size 0.22 Acres
Zoning R4A

Units

Unit Mix 4 x 2BR/1BA, 2 x 3BR/1BA, 1 x 4BR/1BA
Multifamily Units 7

Additional Details

Public Transit Yes

Taxes and HOA fees

Annual Taxes $23,743

Amenities

fireplace

Building Details

Buildings 1
Construction Italianate
Listing Agency: Chase Global Realty Corp
Listed By: Sophia X. Yao · License #10311201216
Source: Exprealty
Added: Sep 14 Changed: Sep 19 Last Checked: Sep 19 at 9:27AM

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 Chase Global Realty Corp

Investment Insights

Based on property information with market context.

This detached, all-brick Italianate-style apartment building contains 7 legal apartments across approximately 8,928 SF of living space on approximately 9,503 SF of land. The 48’ x 62’ property provides nearly 3,000 SF per floor, with two-bedroom apartments on the main and second levels, two three-bedroom apartments on the third level, and a four-bedroom apartment on the walk-in level. Features include high ceilings, abundant windows, fireplaces, updated kitchens in the main- and second-level units, multiple entrances, and a separate-entrance basement.

The property is located at 1141 123th Street in College Point, New York, near shopping and transportation. Bus connections provide access to Flushing/Main Street, the subway, and the LIRR. R4A zoning, 8 electric meters, updated heating and electrical systems, and a long private driveway with parking for multiple cars add to the building’s functional configuration. The property is vacant and easy to show.

Key Highlights

  • Legal 7‑family building with approximately 8,928 SF of living space
  • Approximately 9,503 SF of land; building measures approximately 48’ x 62’
  • Unit mix includes 2-, 3-, and 4‑bedroom apartments

Property Analytics

Current Use

1031 exchange properties

Suggested Use

Top Pick Law Firm Real Estate Agency Acupuncture Auto Parts Store Electrical Service Building Supply

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

7
Residential units

Location Intelligence

Trade Area within ½ mile

5,749
Businesses Nearby

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?
Apartment building - Vacant detached brick property with updated heating and electrical systems.
Where is this apartment building located?
The property is located at 1141 123th Street New York, NY.
What is the asking price?
The asking price for this property is $1,688,000.
What are key features of this property?
This property features: Legal 7‑family building with approximately 8,928 SF of living space; Approximately 9,503 SF of land; building measures approximately 48’ x 62’; Unit mix includes 2-, 3-, and 4‑bedroom apartments
More about this property
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