Detached Two-Family Duplex with Full
For Sale
$1,300,000
Pending
117-11 14th Road, College Point, NY 11356
MULTI_FAMILY - College Point, NY
Property Size2,674 SF
Lot Size0.11 Acres
Days on Market137
Property Features for 117-11 14th Road
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
5
Bathrooms
3
Full bathrooms
3
Rooms
Basement, Bedroom 2, Bedroom 3, Bathroom 2, Bedroom 1, Bathroom 1, Bedroom 5, Bathroom 3, Bedroom 4
Parking
4
Parking features
Driveway
Patio and Porch features
Patio
Interior features
First Floor Bedroom, Eat-in Kitchen
Fireplace
1
Basement
Full, Unfinished
Elementary school
Ps 129 Patricia Larkin
Middle school
Jhs 194 William Carr
High school
Flushing High School
Elementary school district
Queens 25
Middle school district
Queens 25
High school district
Queens 25
Standard status
Pending
APN
04052-0029
Lot size
0.11 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
9552
Utilities
Sewer type
Public Sewer
Heating system
Oil, Hot Water(Heating)
Cooling system
Wall/Window Unit(s), Window Unit(s)
Water source
Public
Building Details
Year built
1930
Number of units
2
Building materials
Frame, Vinyl Siding
Listing Agency:
Century Homes Realty Group LLC · EXIT Realty
(718) 886-6800
Listed By:
Wayne R. Rose CBR E-PRO MRP PSA SF
(917) 968-7122
Added: Mar 30
Changed: Aug 1
Last Checked: Aug 13 at 6:06AM
MLS# 977786
Copyright © 2026 OneKey MLS. 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.
Detached two-family duplex at 117-11 14th Road in College Point. The 2,674 SF home sits on a 49.71 x 100 lot and is configured as a 3-bedroom, 1.5-bath duplex on the 2nd and 3rd floors, plus a 2-bedroom, 1-bath unit on the 1st floor. Additional space includes a walk-up attic and a full basement for storage. Interior highlights include a first floor bedroom and an eat-in kitchen. The home has vinyl siding, oil hot water heating, and wall/window unit cooling, with a fireplace.
Outside, a wide private driveway provides parking for 4–6 cars and a patio supports outdoor use.
Served by public water and public sewer, the property is described as owner occupied and will be delivered vacant.
Outside, a wide private driveway provides parking for 4–6 cars and a patio supports outdoor use.
Served by public water and public sewer, the property is described as owner occupied and will be delivered vacant.
Key Highlights
- 2,674 SF detached two‑family duplex on a 49.71 x 100 lot
- 3‑bedroom 1.5‑bath duplex on the 2nd and 3rd floors plus a 2‑bedroom 1‑bath 1st‑floor unit
- Walk‑up attic and full basement for additional storage and flex space
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
$65,364
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
5.03%
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%
$1,307,280
$1.3M
Cap Rate 7%
$933,771
$933.8K
Cap Rate 9%
$726,267
$726.3K
Market Conditions
NOI Build-Up for 2,674 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
$123.5K $46.20/SF
− Vacancy
−$4.7K −$1.76/SF
EGI
$118.8K $44.44/SF
− OpEx
−$53.5K −$20.00/SF
NOI
$65.4K $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%
$1,307,280
Cap Rate 7%
$933,771
Cap Rate 9%
$726,267
Alternative Uses
Best Use
Apartment 5plus
$933.8K
$817.1K – $1.09M
NOI $65,364 @ 7.0% cap · market cap 5.03%
Second Best
Multifamily LT 5
$632.3K
$553.2K – $737.7K
NOI $44,259 @ 7.0% cap · market cap 3.40%
Theoretical Best
Office A
$1.97M
$1.72M – $2.30M
NOI $137,991 @ 7.0% cap · market cap 10.61%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,444
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?
Duplex - Detached two-family duplex with a full basement, walk-up attic, and driveway parking for 4–6 cars.
Where is this duplex located?
The property is located at 117-11 14th Road College Point, NY.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: 2,674 SF detached two‑family duplex on a 49.71 x 100 lot; 3‑bedroom 1.5‑bath duplex on the 2nd and 3rd floors plus a 2‑bedroom 1‑bath 1st‑floor unit; Walk‑up attic and full basement for additional storage and flex space
