Two-Residence Duplex with Finished
120-03 9th Avenue, College Point, NY 11356
For Sale
$1,648,000
Each residence has a private entrance, and both are scheduled to be vacant at closing.
Property Size2,108 SF
Price / SF$781.78
Days on Market9
Property Features for 120-03 9th Avenue
General Information
Standard status
Size
Property subtype
Additional Details
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
Eat-in Kitchen
Walk-In Closet(s)
Building Details
Building Size
Year Built
Buildings
Units
Listing Agency:
Keller Williams Rty Gold Coast
Listed By:
Kristin Scanlon
(646) 599-5649
Source:
Georgemcknight
Added: Oct 31
Changed: Nov 7
Last Checked: Nov 7 at 9:25AM
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 Keller Williams Rty Gold Coast
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Investment Insights
Based on property information with market context.
This 2,108-square-foot duplex, built in 1989, contains two residences with separate entrances. One residence has two bedrooms, a multilevel layout, and a finished basement. The other includes two bedrooms and a separate dining area. A water heater was replaced in 2025.
Both residences are to be delivered vacant at closing. The property is located on 9th Avenue in College Point, New York.
Both residences are to be delivered vacant at closing. The property is located on 9th Avenue in College Point, New York.
Key Highlights
- 2,108‑square‑foot duplex built in 1989
- Two residences, each with a separate entrance
- One residence has two bedrooms, multiple levels, and a finished basement
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$51,529
Cap Rate
3.13%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,030,580
$1.0M
Cap Rate 7%
$736,129
$736.1K
Cap Rate 9%
$572,544
$572.5K
Market Conditions
NOI Build-Up for 2,108 SF
Gross rent
$97.4K $46.20/SF
− Vacancy
−$3.7K −$1.76/SF
EGI
$93.7K $44.44/SF
− OpEx
−$42.2K −$20.00/SF
NOI
$51.5K $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%
$1,030,580
Cap Rate 7%
$736,129
Cap Rate 9%
$572,544
Alternative Uses
Best Use
Apartment 5plus
$736.1K
$644.1K – $858.8K
NOI $51,529 @ 7.0% cap · market cap 3.13%
Second Best
Multifamily LT 5
$498.4K
$436.1K – $581.5K
NOI $34,891 @ 7.0% cap · market cap 2.12%
Theoretical Best
Office A
$1.55M
$1.36M – $1.81M
NOI $108,783 @ 7.0% cap · market cap 6.60%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
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Open Analytics
Lease Details
2
Residential units
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 - Each residence has a private entrance, and both are scheduled to be vacant at closing.
Where is this duplex located?
The property is located at 120-03 9th Avenue College Point, NY.
What is the asking price?
The asking price for this property is $1,648,000.
What are key features of this property?
This property features: 2,108‑square‑foot duplex built in 1989; Two residences, each with a separate entrance; One residence has two bedrooms, multiple levels, and a finished basement
