Corner Brick
New
For Sale
$1,750,000
120-61 5th Avenue, College Point, NY 11356
Updated kitchens feature center islands and stainless appliances, complemented by a basement, garage, and outdoor space.
Property Size3,347 SF
Lot Size0.11 Acres
Price / SF$522.86
Days on Market6
Property Features for 120-61 5th Avenue
General Information
Standard status
Active
Size
3,347 SF
Lot size
0.11 Acres
Property subtype
Duplex
Additional Details
Public Transit
Yes
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$14,508
Amenities
full basement
garage
outdoor space
Building Details
Building Size
3,347 SF
Year Built
2009
Buildings
1
Construction
brick
Listing Agency:
E Realty International Corp
Listed By:
Zhen Chen · License #10401310107
(917) 815-1188
Source:
Barbieliteam
Added: Oct 9
Changed: Oct 13
Last Checked: Oct 13 at 1:27AM
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 E Realty International Corp
Investment Insights
Based on property information with market context.
Built in 2009, this semi-attached brick duplex provides approximately 3,347 SF of building space on a 4,867 SF lot. The two-family layout includes about 1,200 SF on each residential floor. Renovated interiors feature open kitchens with center islands, stainless steel appliances, and bright living areas. The property also has a full basement, garage, and outdoor space.
The corner setting brings natural light from three sides. The Q25 bus is approximately a 5-minute walk away, with direct service to Downtown Flushing. A waterfront park is about a 3-minute walk from the property and includes walking paths, fitness areas, fishing, basketball courts, and a playground.
The corner setting brings natural light from three sides. The Q25 bus is approximately a 5-minute walk away, with direct service to Downtown Flushing. A waterfront park is about a 3-minute walk from the property and includes walking paths, fitness areas, fishing, basketball courts, and a playground.
Key Highlights
- Two‑family brick duplex with approximately 3,347 SF of building space
- 4,867 SF lot; built in 2009
- Each residential floor offers approximately 1,200 SF
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$81,815
Cap Rate
4.68%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,636,300
$1.6M
Cap Rate 7%
$1,168,786
$1.2M
Cap Rate 9%
$909,056
$909.1K
Market Conditions
NOI Build-Up for 3,347 SF
Gross rent
$154.6K $46.20/SF
− Vacancy
−$5.9K −$1.76/SF
EGI
$148.8K $44.44/SF
− OpEx
−$66.9K −$20.00/SF
NOI
$81.8K $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%
$1,636,300
Cap Rate 7%
$1,168,786
Cap Rate 9%
$909,056
Alternative Uses
Best Use
Apartment 5plus
$1.17M
$1.02M – $1.36M
NOI $81,815 @ 7.0% cap · market cap 4.68%
Second Best
Multifamily LT 5
$791.4K
$692.5K – $923.3K
NOI $55,398 @ 7.0% cap · market cap 3.17%
Theoretical Best
Office A
$2.47M
$2.16M – $2.88M
NOI $172,721 @ 7.0% cap · market cap 9.87%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
809
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
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Frequently Asked Questions
What type of property is this?
Duplex - Updated kitchens feature center islands and stainless appliances, complemented by a basement, garage, and outdoor space.
Where is this duplex located?
The property is located at 120-61 5th Avenue College Point, NY.
What is the asking price?
The asking price for this property is $1,750,000.
What are key features of this property?
This property features: Two‑family brick duplex with approximately 3,347 SF of building space; 4,867 SF lot; built in 2009; Each residential floor offers approximately 1,200 SF
