Two-Family Home with Finished
118-08 14th Ave, College Point, NY 11356
For Sale
$949,000
The three-story layout includes separate living areas, two boilers, and a basement with its own entrance.
Property Size2,061 SF
Price / SF$460.46
Days on Market14
Property Features for 118-08 14th Ave
General Information
Standard status
Size
Property subtype
Additional Details
Public Transit
Multifamily Units
Building Details
Year Built
Year Renovated
Buildings
Stories
Listing Agency:
1 Home Realty
Listed By:
RuoRuo Yang
(718) 888-0188
Source:
Searchhomesinlongisland
Added: Oct 26
Changed: Nov 7
Last Checked: Nov 7 at 1:40PM
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 1 Home Realty
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Investment Insights
Based on property information with market context.
This detached two-family home contains 2,061 square feet and was updated in 2017. Its three stories include a first-floor kitchen, dining area, two bedrooms, one bathroom, and yard access. The second floor has a kitchen, living room, bedroom, and bathroom; two additional bedrooms and a full bathroom occupy the third floor. A finished basement adds open space, a boiler room, another bathroom, and a private entrance. The property is served by two boilers.
The Q26 bus stop is across the street, and the Poppenhusen Queens Public Library is two blocks away. Flushing is also nearby.
The Q26 bus stop is across the street, and the Poppenhusen Queens Public Library is two blocks away. Flushing is also nearby.
Key Highlights
- 2,061‑square‑foot detached two‑family home
- Updated in 2017
- Three stories with five bedrooms and three bathrooms above the basement
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$50,380
Cap Rate
5.31%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,007,600
$1.0M
Cap Rate 7%
$719,714
$719.7K
Cap Rate 9%
$559,778
$559.8K
Market Conditions
NOI Build-Up for 2,061 SF
Gross rent
$95.2K $46.20/SF
− Vacancy
−$3.6K −$1.76/SF
EGI
$91.6K $44.44/SF
− OpEx
−$41.2K −$20.00/SF
NOI
$50.4K $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 Rate 5%
$1,007,600
Cap Rate 7%
$719,714
Cap Rate 9%
$559,778
Alternative Uses
Best Use
Apartment 5plus
$719.7K
$629.8K – $839.7K
NOI $50,380 @ 7.0% cap · market cap 5.31%
Second Best
Multifamily LT 5
$487.3K
$426.4K – $568.6K
NOI $34,113 @ 7.0% cap · market cap 3.59%
Theoretical Best
Office A
$1.52M
$1.33M – $1.77M
NOI $106,357 @ 7.0% cap · market cap 11.21%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
856
Businesses Nearby
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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
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Market
Properties on Market for Duplexes in College Point
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - The three-story layout includes separate living areas, two boilers, and a basement with its own entrance.
Where is this duplex located?
The property is located at 118-08 14th Ave College Point, NY.
What is the asking price?
The asking price for this property is $949,000.
What are key features of this property?
This property features: 2,061‑square‑foot detached two‑family home; Updated in 2017; Three stories with five bedrooms and three bathrooms above the basement
