Two-Family Residence with
1225 119th Street, College Point, NY 11356
New
MULTI_FAMILY - College Point, NY
Property size:
2,600 SFLot size:
0.10 AcresPrice / SF:
$380/SF- Added:
- Jun 1, 2026
- Days on Market:
- 3
- Last Refresh:
- Jun 3 at 1:06 am
Property Features for 1225 119th Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Rooms
- Basement
- Parking features
- On Street, Open
- Interior features
- First Floor Bedroom, First Floor Full Bath
- Basement
- Walk-Out Access, Unfinished
- Standard status
- Active
- APN
- 04040-0017
- Lot size
- 0.10 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 7778
Utilities
- Sewer type
- Public Sewer
- Heating system
- Natural Gas, Hot Water(Heating)
- Cooling system
- Window Unit(s), Wall/Window Unit(s)
- Water source
- Public
Building Details
- Year built
- 1920
- Number of units
- 2
- Building materials
- Brick, Vinyl Siding
Listing agent Elisabetta Caceda License #10401323305 (917) 584-5982
Listing office Voro LLC 1129 Northern Blvd Ste 404, Great Neck, NY (877) 943-8676
Listing date Jun 1, 2026
MLS# 1008317
Listing URL
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.
HighLights
- Legal two‑family home with a 3‑bedroom/1‑bath first‑floor unit and a 2‑bedroom/1‑bath second‑floor unit
- Finished walk‑up attic plus full unfinished walk‑out basement for additional flexible space and storage
- Approx. 2,600 SF interior space on a 25' x 97' lot
- Public water and public sewer; heated with natural gas and hot water heating
- Cooling includes window unit(s) and wall/window unit(s)
- Q26 bus stop on the corner with direct service to Downtown Flushing, Main Street, and the 7 Train
Overview
This well-maintained legal two-family residence offers strong income potential and flexible living. The first floor features a spacious 3-bedroom, 1-bath layout, while the second floor provides a 2-bedroom, 1-bath unit. Additional usable space is provided by a finished walk-up attic, and the property includes a full unfinished walk-out basement that offers excellent storage potential. The home sits on a 25' x 97' lot with approximately 2,600 square feet of interior space, and the property is noted as having low annual property taxes.
Located in College Point, the property is just moments from College Point Boulevard with convenient access to shopping, dining, supermarkets, cafes, parks, and everyday amenities. Transportation is also practical, with the Q26 bus stop located on the corner and direct service to Downtown Flushing, Main Street, the 7 Train, and additional transit connections.
The configuration makes this property well-suited for a range of buyers, including investors seeking a straightforward two-unit setup, owner-occupants who want to offset housing costs with rental income, and households looking for multigenerational flexibility. With its basement storage and finished attic space, the home supports tenants or residents who need more than a standard two-floor layout.
Located in College Point, the property is just moments from College Point Boulevard with convenient access to shopping, dining, supermarkets, cafes, parks, and everyday amenities. Transportation is also practical, with the Q26 bus stop located on the corner and direct service to Downtown Flushing, Main Street, the 7 Train, and additional transit connections.
The configuration makes this property well-suited for a range of buyers, including investors seeking a straightforward two-unit setup, owner-occupants who want to offset housing costs with rental income, and households looking for multigenerational flexibility. With its basement storage and finished attic space, the home supports tenants or residents who need more than a standard two-floor layout.
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $120.1k | $46.20 |
| − Vacancy | −$4.6k | −$1.76 |
| EGI | $115.6k | $44.44 |
| − OpEx | −$52.0k | −$20.00 |
| NOI | $63.6k | $24.44 |
2,600 SF · lease $46.20/SF/yr · vacancy 3.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$907.9K
$794.4K – $1.06M
NOI $63,555 @ 7.0% cap · market cap 6.43%
Second Best
Multifamily LT 5
$614.8K
$537.9K – $717.2K
NOI $43,034 @ 7.0% cap · market cap 4.36%
Theoretical Best
Office A
$1.92M
$1.68M – $2.24M
NOI $134,172 @ 7.0% cap · market cap 13.58%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Location Insight
- Map
- Local Demand
- City
- College Point
- County
- Queens
- State
- New York
- Longitude
- -73.84832
- Latitude
- 40.786925
Nearby Similar for Sale
FAQs
What type of property is this?
Duplex - Well-maintained two-family home with separate 3-bedroom and 2-bedroom units plus a finished walk-up attic and full basement.
Where is this duplex located?
The property is located at 1225 119th Street College Point, NY.
What is the asking price?
The asking price for this property is $988,000.
What are key features of this property?
This property features: Legal two‑family home with a 3‑bedroom/1‑bath first‑floor unit and a 2‑bedroom/1‑bath second‑floor unit; Finished walk‑up attic plus full unfinished walk‑out basement for additional flexible space and storage; Approx. 2,600 SF interior space on a 25' x 97' lot
