Duplex with Detached
122-15 23rd Avenue, College Point, NY 11356
For Sale
$1,348,000
Vacant two-family property with flexible layouts, landscaped outdoor space, and substantial accessory parking and storage.
Property Size1,904 SF
Lot Size0.11 Acres
Days on Market104
Property Features for 122-15 23rd Avenue
General Information
Standard status
Size
Total Parking Spaces
Lot size
Property subtype
Zoning
Site & Location
Highway Access
Public Transit
Units
Unit Mix
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
private rear deck
landscaped backyard
unfinished basement
laundry area
separate storage room
Building Details
Building Size
Year Built
Buildings
Listing Agency:
Exit Realty Achieve
Listed By:
Vanessa Y. Rosario PSA
(347) 419-1202
Source:
Serhant
Added: Jul 29
Changed: Oct 31
Last Checked: Nov 8 at 12:46PM
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 Exit Realty Achieve
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This two-family duplex property will be delivered vacant and includes distinct residential layouts. The first-floor apartment has 1 bedroom, with potential for a second bedroom, and 1 full bathroom. An upper-level duplex provides 4 bedrooms, 2 full bathrooms, and access to a rear deck with a spiral staircase descending to the landscaped backyard. The unfinished basement has interior and backyard access, a laundry area, and separate storage space.
The property occupies a 49.25' x 100' lot and includes five detached garages that can support parking, storage, workshop use, or rental income opportunities. Additional improvements include an architectural roof installed in 2016, an oil-fired boiler installed in 2013, and a hot water heater installed in 2025. The property is zoned R4A (Low Density Residential). Located in College Point near shopping, restaurants, schools, parks, major highways, and public transportation.
The property occupies a 49.25' x 100' lot and includes five detached garages that can support parking, storage, workshop use, or rental income opportunities. Additional improvements include an architectural roof installed in 2016, an oil-fired boiler installed in 2013, and a hot water heater installed in 2025. The property is zoned R4A (Low Density Residential). Located in College Point near shopping, restaurants, schools, parks, major highways, and public transportation.
Key Highlights
- Two‑family layout with a 1‑bedroom first‑floor apartment and 4‑bedroom upper duplex
- Upper duplex includes 2 full bathrooms and a private rear deck with spiral staircase
- Five detached garages on a 49.25' x 100' lot
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$47,049
Cap Rate
3.49%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$940,980
$941.0K
Cap Rate 7%
$672,129
$672.1K
Cap Rate 9%
$522,767
$522.8K
Market Conditions
NOI Build-Up for 1,904 SF
Gross rent
$73.1K $38.40/SF
− Vacancy
−$5.9K −$3.10/SF
EGI
$67.2K $35.30/SF
− OpEx
−$20.2K −$10.59/SF
NOI
$47.0K $24.71/SF
Area
Queens County, NY
Vacancy
8.07%
Lease Rate
$38.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$940,980
Cap Rate 7%
$672,129
Cap Rate 9%
$522,767
Alternative Uses
Best Use
Multifamily LT 5
$672.1K
$588.1K – $784.2K
NOI $47,049 @ 7.0% cap · market cap 3.49%
Second Best
Apartment 5plus
$664.9K
$581.8K – $775.7K
NOI $46,542 @ 7.0% cap · market cap 3.45%
Theoretical Best
Office A
$1.40M
$1.23M – $1.64M
NOI $98,256 @ 7.0% cap · market cap 7.29%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,344
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
View Realmo Analytics
Market
Properties on Market for Duplexes in College Point
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Vacant two-family property with flexible layouts, landscaped outdoor space, and substantial accessory parking and storage.
Where is this duplex located?
The property is located at 122-15 23rd Avenue College Point, NY.
What is the asking price?
The asking price for this property is $1,348,000.
What are key features of this property?
This property features: Two‑family layout with a 1‑bedroom first‑floor apartment and 4‑bedroom upper duplex; Upper duplex includes 2 full bathrooms and a private rear deck with spiral staircase; Five detached garages on a 49.25' x 100' lot
