Renovated Corner
For Sale
$1,750,000
120-61 5th Avenue, New York, NY 11356
Brick two-family home with updated interiors, a full basement, garage, and outdoor space.
Property Size3,347 SF
Lot Size0.11 Acres
Price / SF$522.86
Days on Market22
Property Features for 120-61 5th Avenue
General Information
Standard status
Active
Size
3,347 SF
Lot size
0.11 Acres
Property subtype
Duplex
Site & Location
Neighborhood
BoCoCa
Public Transit
Yes
Additional Details
Multifamily Units
2
Amenities
garage
outdoor space
full basement
Building Details
Year Built
2009
Buildings
1
Construction
brick
Listing Agency:
E Realty International Corp
(718) 886-8110
Listed By:
Zhen Chen · License #10401310107
(917) 815-1188
Source:
Neilcharlesrealestate
Added: Oct 9
Changed: Oct 30
Last Checked: Oct 30 at 1:51AM
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
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This semi-attached brick duplex was built in 2009 and has renovated interiors, open-plan kitchens with center islands, and stainless steel appliances. The property contains approximately 3,347 square feet of building space on a 4,867-square-foot lot. Each residential floor is approximately 1,200 square feet; additional features include a full basement, garage, and outdoor space. Its corner position brings natural light from three sides.
The Q25 bus is about a five-minute walk away, with direct service to Downtown Flushing. A waterfront park is approximately a three-minute walk from the property and includes walking paths, fitness areas, fishing, basketball courts, and a playground, with views of the Manhattan skyline.
The Q25 bus is about a five-minute walk away, with direct service to Downtown Flushing. A waterfront park is approximately a three-minute walk from the property and includes walking paths, fitness areas, fishing, basketball courts, and a playground, with views of the Manhattan skyline.
Key Highlights
- Two‑family brick duplex built in 2009
- Approximately 3,347 square feet of building space on a 4,867‑square‑foot lot
- Each residential floor measures approximately 1,200 square feet
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$113,275
Cap Rate
6.47%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,265,500
$2.3M
Cap Rate 7%
$1,618,214
$1.6M
Cap Rate 9%
$1,258,611
$1.3M
Market Conditions
NOI Build-Up for 3,347 SF
Gross rent
$170.7K $51.00/SF
− Vacancy
−$8.9K −$2.65/SF
EGI
$161.8K $48.35/SF
− OpEx
−$48.5K −$14.50/SF
NOI
$113.3K $33.84/SF
Area
New York, NY
Vacancy
5.20%
Lease Rate
$51.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,265,500
Cap Rate 7%
$1,618,214
Cap Rate 9%
$1,258,611
Alternative Uses
Best Use
Multifamily LT 5
$1.62M
$1.42M – $1.89M
NOI $113,275 @ 7.0% cap · market cap 6.47%
Second Best
Apartment 5plus
$1.50M
$1.31M – $1.75M
NOI $104,719 @ 7.0% cap · market cap 5.98%
Theoretical Best
Specialty Retail
$8.33M
$7.29M – $9.72M
NOI $583,181 @ 7.0% cap · market cap 33.32%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
7,855
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
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Brick two-family home with updated interiors, a full basement, garage, and outdoor space.
Where is this duplex located?
The property is located at 120-61 5th Avenue New York, 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 built in 2009; Approximately 3,347 square feet of building space on a 4,867‑square‑foot lot; Each residential floor measures approximately 1,200 square feet
