Triplex With Full
For Sale
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116-13 14th Rd, College Point, NY 11356
Semi-detached multifamily property arranged across three residential units with additional unfinished basement space.
Property Size2,270 SF
Lot Size0.06 Acres
Price / SF$259.91
Days on Market160
Property Features for 116-13 14th Rd
General Information
Standard status
Active
Size
2,270 SF
Lot size
0.06 Acres
Property subtype
Multifamily
Additional Details
Asking Price
$590,000
Multifamily Units
3
Building Details
Construction
semi-detached
Listing Agency:
Maltz Auctions
(516) 349-7022
Listed By:
Richard Maltz · License #NY 10311204111
Source:
Crexi
Added: Mar 25
Changed: Aug 29
Last Checked: Aug 29 at 4:45PM
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 Maltz Auctions
Investment Insights
Based on property information with market context.
This semi-detached triplex occupies a 2.5-story structure with 2,270 square feet of living space. The property includes a full, unfinished basement and is situated on a 2,742-square-foot lot measuring 27.42 feet wide by 100 feet deep.
The property is located at 116-13 14th Road in College Point, Queens, New York, with 116th Street and 117th Street identified as cross streets. Its three-unit configuration and separate basement area provide a defined multifamily layout within a compact residential parcel.
The property is located at 116-13 14th Road in College Point, Queens, New York, with 116th Street and 117th Street identified as cross streets. Its three-unit configuration and separate basement area provide a defined multifamily layout within a compact residential parcel.
Key Highlights
- Three‑unit configuration in a semi‑detached property
- 2,270 Sq Ft of living space
- 2.5‑story structure
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
$37,572
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
6.37%
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%
$751,440
$751.4K
Cap Rate 7%
$536,743
$536.7K
Cap Rate 9%
$417,467
$417.5K
Market Conditions
NOI Build-Up for 2,270 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
$57.2K $25.20/SF
− Vacancy
−$3.5K −$1.55/SF
EGI
$53.7K $23.65/SF
− OpEx
−$16.1K −$7.09/SF
NOI
$37.6K $16.55/SF
Area
Queens County, NY
Vacancy
6.17%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
30.00%
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%
$751,440
Cap Rate 7%
$536,743
Cap Rate 9%
$417,467
Alternative Uses
Best Use
Apartment 5plus
$792.7K
$693.6K – $924.8K
NOI $55,489 @ 7.0% cap · market cap 9.40%
Second Best
Multifamily LT 5
$536.7K
$469.7K – $626.2K
NOI $37,572 @ 7.0% cap · market cap 6.37%
Theoretical Best
Office A
$1.67M
$1.46M – $1.95M
NOI $117,143 @ 7.0% cap · market cap 19.85%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
856
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?
Triplex - Semi-detached multifamily property arranged across three residential units with additional unfinished basement space.
Where is this triplex located?
The property is located at 116-13 14th Rd College Point, NY.
What is the asking price?
The asking price for this property is $590,000.
What are key features of this property?
This property features: Three‑unit configuration in a semi‑detached property; 2,270 Sq Ft of living space; 2.5‑story structure
