Two-Family Duplex with
119-28 8th Avenue, College Point, NY 11356
For Sale
$1,400,000
MultiFamily, College Point, NY
Property Size1,800 SF
Lot Size0.08 Acres
Price / SF$777.78
Days on Market242
Property Features for 119-28 8th Avenue
General Information
Property type
Property subtype
Zoning
Bedrooms
Bathrooms
Full bathrooms
Rooms
Parking
Parking features
Basement
Elementary school district
Middle school district
High school district
Directions
Standard status
APN
Size
Lot size
Taxes and HOA fees
Tax Annual Amount
Utilities
Sewer type
Heating system
Cooling system
Water source
Building Details
Year built
Number of units
Flooring type
Building materials
Roof type
Buildings
Listing Agency:
518 Realty.Com Inc
(518) 456-6518
Listed By:
Michael Hofler · License #10401357861
(518) 380-6862
Added: Mar 13
Changed: Oct 27
Last Checked: Nov 9 at 9:06AM
MLS# 202613360
Copyright © 2026 Global MLS, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 1,800-square-foot duplex contains two separate apartments with a combined six bedrooms and two bathrooms. The second-floor unit includes new appliances, windows, interior and exterior doors, updated electrical, upgraded lighting, a heated bathroom floor, and split HVAC units providing heat and air conditioning. The first-floor kitchen and bathroom remain unfinished. A partially finished basement adds another room, bathroom plumbing, washer and dryer hookups, and its own entrance. Oil-fired baseboard heat serves the property.
The 0.08-acre parcel includes a fenced backyard, tiled enclosed patio, driveway parking, and a 2-car garage. Public water and public sewer serve the property, which was built in 1930 and has vinyl siding, asphalt roofing, vinyl and ceramic tile flooring, and Multi Residence zoning. The property is located at 119-28 8th Avenue in College Point, NY 11356.
The 0.08-acre parcel includes a fenced backyard, tiled enclosed patio, driveway parking, and a 2-car garage. Public water and public sewer serve the property, which was built in 1930 and has vinyl siding, asphalt roofing, vinyl and ceramic tile flooring, and Multi Residence zoning. The property is located at 119-28 8th Avenue in College Point, NY 11356.
Key Highlights
- Two separate apartments with 6 bedrooms and 2 bathrooms across 1,800 square feet
- Partially finished basement with an additional room, bathroom plumbing, hookups, and separate entrance
- Second‑floor unit has new appliances, brand‑new windows, updated electrical, and upgraded lighting
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$44,479
Cap Rate
3.18%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$889,580
$889.6K
Cap Rate 7%
$635,414
$635.4K
Cap Rate 9%
$494,211
$494.2K
Market Conditions
NOI Build-Up for 1,800 SF
Gross rent
$69.1K $38.40/SF
− Vacancy
−$5.6K −$3.10/SF
EGI
$63.5K $35.30/SF
− OpEx
−$19.1K −$10.59/SF
NOI
$44.5K $24.71/SF
Area
Queens County, NY
Vacancy
8.07%
Lease Rate
$38.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$889,580
Cap Rate 7%
$635,414
Cap Rate 9%
$494,211
Alternative Uses
Best Use
Multifamily LT 5
$635.4K
$556.0K – $741.3K
NOI $44,479 @ 7.0% cap · market cap 3.18%
Second Best
Apartment 5plus
$628.6K
$550.0K – $733.3K
NOI $44,000 @ 7.0% cap · market cap 3.14%
Theoretical Best
Office A
$1.33M
$1.16M – $1.55M
NOI $92,889 @ 7.0% cap · market cap 6.63%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
1,261
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 - Two residential units with a fenced yard, driveway, and partially finished basement with separate exterior access.
Where is this duplex located?
The property is located at 119-28 8th Avenue College Point, NY.
What is the asking price?
The asking price for this property is $1,400,000.
What are key features of this property?
This property features: Two separate apartments with 6 bedrooms and 2 bathrooms across 1,800 square feet; Partially finished basement with an additional room, bathroom plumbing, hookups, and separate entrance; Second‑floor unit has new appliances, brand‑new windows, updated electrical, and upgraded lighting
