Detached Two-Family
New
For Sale
$1,250,000
120-19 20th Avenue Unit 1, College Point, NY 11356
A finished basement and full attic expand the property's interior space.
Property Size1,951 SF
Days on Market5
Property Features for 120-19 20th Avenue Unit 1
General Information
Standard status
Active
Size
1,951 SF
Property subtype
Triplex
Site & Location
Highway Access
Yes
Public Transit
Yes
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$5,630
Building Details
Building Size
1,951 SF
Year Built
1901
Listing Agency:
Century Homes Realty Group LLC
Listed By:
Alba D. Vollo CBR
(646) 267-9025
Source:
Serhant
Added: Oct 14
Changed: Oct 17
Last Checked: Oct 16 at 3:14PM
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 Century Homes Realty Group LLC
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Investment Insights
Based on property information with market context.
This detached corner duplex contains two family units with a total of 5 bedrooms and 3 full bathrooms. The layout also includes a full attic and a finished basement with additional family-room space. A driveway provides off-street parking. Updates include a gas boiler, a water tank approximately 2 years old, and a roof approximately 10 years old.
The property is near the Q25 bus, restaurants, supermarkets, and laundromats. College Point Boulevard's shopping district, including BJ's Wholesale Club and Target, is also nearby, with access to major highways for regional travel.
The property is near the Q25 bus, restaurants, supermarkets, and laundromats. College Point Boulevard's shopping district, including BJ's Wholesale Club and Target, is also nearby, with access to major highways for regional travel.
Key Highlights
- Detached corner property with two family units
- 5 bedrooms and 3 full bathrooms
- Full attic and finished basement with additional family‑room space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$47,691
Cap Rate
3.82%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$953,820
$953.8K
Cap Rate 7%
$681,300
$681.3K
Cap Rate 9%
$529,900
$529.9K
Market Conditions
NOI Build-Up for 1,951 SF
Gross rent
$90.1K $46.20/SF
− Vacancy
−$3.4K −$1.76/SF
EGI
$86.7K $44.44/SF
− OpEx
−$39.0K −$20.00/SF
NOI
$47.7K $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%
$953,820
Cap Rate 7%
$681,300
Cap Rate 9%
$529,900
Alternative Uses
Best Use
Apartment 5plus
$681.3K
$596.1K – $794.9K
NOI $47,691 @ 7.0% cap · market cap 3.82%
Second Best
Multifamily LT 5
$461.3K
$403.7K – $538.2K
NOI $32,292 @ 7.0% cap · market cap 2.58%
Theoretical Best
Office A
$1.44M
$1.26M – $1.68M
NOI $100,681 @ 7.0% cap · market cap 8.05%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,671
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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - A finished basement and full attic expand the property's interior space.
Where is this duplex located?
The property is located at 120-19 20th Avenue Unit 1 College Point, NY.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: Detached corner property with two family units; 5 bedrooms and 3 full bathrooms; Full attic and finished basement with additional family‑room space
