Renovated Two-Family
New
For Sale
$1,750,000
120-61 5th Avenue, College Point, NY 11356
Residential Income, College Point, NY
Property Size3,347 SF
Lot Size0.11 Acres
Price / SF$522.86
Days on Market2
Property Features for 120-61 5th Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
5
Bathrooms
5
Full bathrooms
5
Rooms
Bedroom 2, Bedroom 1, Bedroom 5, Bedroom 4, Bathroom 1, Bathroom 5, Basement, Bedroom 3, Bathroom 3, Bathroom 2, Bathroom 4
Parking features
Driveway, Garage
Interior features
First Floor Bedroom, First Floor Full Bath, Eat-in Kitchen, Granite Counters, Kitchen Island, Open Kitchen
Exterior features
Balcony
Basement
Full
Lot features
Back Yard, Corner Lot, Irregular Lot, Near Public Transit, Near School, Near Shops
Elementary school
Ps 129 Patricia Larkin
Middle school
Jhs 194 William Carr
High school
Flushing High School
Elementary school district
Queens 25
Middle school district
Queens 25
High school district
Queens 25
Standard status
Active
APN
03916-0015
Lot size
0.11 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
14508
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Energy Star Qualified Equipment (Heating), Natural Gas
Cooling system
Central Air, ENERGY STAR Qualified Equipment
Water source
Public
Amenities
full basement
garage
outdoor space
Building Details
Year built
2009
Number of units
2
Building materials
Vinyl Siding
Listing Agency:
E Realty International Corp
(718) 886-8110
Listed By:
Zhen Chen · License #10401310107
(917) 815-1188
Added: Oct 9
Last Checked: Oct 10 at 1:06AM
MLS# 1061015
Copyright © 2026 OneKey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This semi-attached, two-family residence was built in 2009 and has renovated interiors. The approximately 3,347-square-foot building sits on a 4,867-square-foot lot, with about 1,200 square feet of living area on each residential floor. Open kitchens feature center islands and stainless steel appliances. The property also includes a full basement, garage, driveway, and balcony.
The corner setting brings natural light from three sides. The Q25 bus stop is about a five-minute walk away, with service to Downtown Flushing. A waterfront park with walking paths, fitness areas, fishing, basketball courts, and a playground is approximately a three-minute walk from the property.
The corner setting brings natural light from three sides. The Q25 bus stop is about a five-minute walk away, with service to Downtown Flushing. A waterfront park with walking paths, fitness areas, fishing, basketball courts, and a playground is approximately a three-minute walk from the property.
Key Highlights
- Two‑family residence with approximately 3,347 SF of building space
- 4,867 SF lot; 0.11 acres
- 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.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
399
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
Check the figures for this property
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 - Corner positioning brings natural light into both residences, with a garage, full basement, 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 residence with approximately 3,347 SF of building space; 4,867 SF lot; 0.11 acres; Each residential floor offers approximately 1,200 SF
