Brick Duplex with Two-Car
120-02 9th Avenue, College Point, NY 11356
For Sale
$1,460,000
Two separately accessed residences offer distinct layouts, with additional finished basement space and off-street parking.
Property Size2,200 SF
Days on Market33
Property Features for 120-02 9th Avenue
General Information
Standard status
Size
Property subtype
Site & Location
Highway Access
Public Transit
Units
Unit Mix
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
wood-burning fireplace
hardwood floors
quartz-countered kitchen
recreation space
office
bathroom
separate entrance
second laundry area
Building Details
Building Size
Year Built
Buildings
Construction
Listing Agency:
AAA Young Shuen Realty Inc
Listed By:
Hui Fang Chen · License #40CH0788536
(917) 681-7009
Source:
Serhant
Added: Oct 8
Changed: Nov 8
Last Checked: Nov 3 at 7:54AM
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 AAA Young Shuen Realty Inc
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Investment Insights
Based on property information with market context.
A detached brick duplex built in 1950 contains two independent residences. The first-floor apartment has two bedrooms, two bathrooms, hardwood flooring, a wood-burning fireplace, formal dining space and a kitchen with quartz counters. A separate upper-level apartment includes three bedrooms, a kitchen and a bathroom.
The finished basement provides recreation space, an office, a bathroom and a separate entrance, along with a second laundry area. Gas heat serves the property. Parking includes a private driveway and a detached two-car garage.
The property is in College Point, about a block from Q25 service at 9th Avenue and College Place. The bus connects to Flushing’s 7 train and LIRR; the Whitestone Expressway offers regional access and a route to Citi Field. Hermon A. MacNeil Park, Benateri’s and Target are nearby.
The finished basement provides recreation space, an office, a bathroom and a separate entrance, along with a second laundry area. Gas heat serves the property. Parking includes a private driveway and a detached two-car garage.
The property is in College Point, about a block from Q25 service at 9th Avenue and College Place. The bus connects to Flushing’s 7 train and LIRR; the Whitestone Expressway offers regional access and a route to Citi Field. Hermon A. MacNeil Park, Benateri’s and Target are nearby.
Key Highlights
- Detached brick duplex built in 1950
- Two‑bedroom, two‑bathroom first‑floor residence with hardwood floors and wood‑burning fireplace
- Separate upper apartment with three bedrooms, kitchen and bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$54,364
Cap Rate
3.72%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,087,280
$1.1M
Cap Rate 7%
$776,629
$776.6K
Cap Rate 9%
$604,044
$604.0K
Market Conditions
NOI Build-Up for 2,200 SF
Gross rent
$84.5K $38.40/SF
− Vacancy
−$6.8K −$3.10/SF
EGI
$77.7K $35.30/SF
− OpEx
−$23.3K −$10.59/SF
NOI
$54.4K $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%
$1,087,280
Cap Rate 7%
$776,629
Cap Rate 9%
$604,044
Alternative Uses
Best Use
Multifamily LT 5
$776.6K
$679.6K – $906.1K
NOI $54,364 @ 7.0% cap · market cap 3.72%
Second Best
Apartment 5plus
$768.3K
$672.2K – $896.3K
NOI $53,778 @ 7.0% cap · market cap 3.68%
Theoretical Best
Office A
$1.62M
$1.42M – $1.89M
NOI $113,531 @ 7.0% cap · market cap 7.78%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,261
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
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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 separately accessed residences offer distinct layouts, with additional finished basement space and off-street parking.
Where is this duplex located?
The property is located at 120-02 9th Avenue College Point, NY.
What is the asking price?
The asking price for this property is $1,460,000.
What are key features of this property?
This property features: Detached brick duplex built in 1950; Two‑bedroom, two‑bathroom first‑floor residence with hardwood floors and wood‑burning fireplace; Separate upper apartment with three bedrooms, kitchen and bathroom
