Two-Family Condominium with Private Outdoor
120-09 Ketch Court, College Point, NY 11356
For Sale
Contact for pricing
The two-level property combines a one-bedroom residence with a three-bedroom upper unit and separate outdoor areas.
Property Size2,270 SF
Price / SF$411.89
Days on Market33
Property Features for 120-09 Ketch Court
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Financials
Asking Price
HOA Fee
Units
Unit Mix
Multifamily Units
Additional Details
Public Transit
Tenant in Place
Amenities
private backyard
private balcony
Building Details
Year Built
Stories
Listing Agency:
Apple Realty Group
Listed By:
Raymond Wong · License NY #8892
(718) 414-9328
Source:
Crexi
Added: Oct 8
Changed: Nov 8
Last Checked: Nov 8 at 3:49PM
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 Apple Realty Group
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Investment Insights
Based on property information with market context.
Built in 1981, this two-family condominium contains approximately 2,270 square feet of living space across two residences. The first-floor unit has a living room, dining area, kitchen, one bedroom, one full bath, a private backyard, and a one-car garage. It is tenant occupied. The second-floor residence includes a living room, formal dining room, eat-in kitchen, three bedrooms, two full baths, and a private balcony.
The property also has four outdoor parking spaces, with two additional reserved spaces available as an option. Nearby amenities include shopping, schools, parks, public transportation, and major roadways.
The property also has four outdoor parking spaces, with two additional reserved spaces available as an option. Nearby amenities include shopping, schools, parks, public transportation, and major roadways.
Key Highlights
- Approximately 2,270 square feet of living space
- Two residences: a one‑bedroom first‑floor unit and a three‑bedroom upper residence
- First‑floor unit includes a private backyard and one‑car garage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$55,489
Cap Rate
5.93%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,109,780
$1.1M
Cap Rate 7%
$792,700
$792.7K
Cap Rate 9%
$616,544
$616.5K
Market Conditions
NOI Build-Up for 2,270 SF
Gross rent
$104.9K $46.20/SF
− Vacancy
−$4.0K −$1.76/SF
EGI
$100.9K $44.44/SF
− OpEx
−$45.4K −$20.00/SF
NOI
$55.5K $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%
$1,109,780
Cap Rate 7%
$792,700
Cap Rate 9%
$616,544
Alternative Uses
Best Use
Apartment 5plus
$792.7K
$693.6K – $924.8K
NOI $55,489 @ 7.0% cap · market cap 5.93%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.67M
$1.46M – $1.95M
NOI $117,143 @ 7.0% cap · market cap 12.53%
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
1,659
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 Multifamily properties in College Point
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Multifamily property - The two-level property combines a one-bedroom residence with a three-bedroom upper unit and separate outdoor areas.
Where is this multifamily property located?
The property is located at 120-09 Ketch Court College Point, NY.
What is the asking price?
The asking price for this property is $935,000.
What are key features of this property?
This property features: Approximately 2,270 square feet of living space; Two residences: a one‑bedroom first‑floor unit and a three‑bedroom upper residence; First‑floor unit includes a private backyard and one‑car garage
