Legal Two-Family with Walk-Up
1225 119th Street College Point, NY 11356
1225 119th Street, College Point, NY, 11356
$988,000
Pending
For Sale
$988,000
Pending
MULTI_FAMILY - College Point, NY
Property Size2,600 SF
Lot Size0.10 Acres
Days on Market48
Property Features for 1225 119th Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Triplex
- Rooms
- Basement
- Parking features
- Open, On Street
- Interior features
- First Floor Bedroom, First Floor Full Bath
- Basement
- Walk-Out Access, Unfinished
- Standard status
- Pending
- 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
- Hot Water(Heating), Natural Gas
- Cooling system
- Wall/Window Unit(s), Window Unit(s)
- Water source
- Public
Building Details
- Year built
- 1920
- Number of units
- 2
- Building materials
- Brick, Vinyl Siding
Listing Agency
Voro LLC
(877) 943-8676
1129 Northern Blvd Ste 404, Great Neck, NY
Listed by
Elisabetta Caceda · License #10401323305
(917) 584-5982
Added: Jun 1 Checked: Jul 18 at 8:06 am
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.
Investment Insights
Based on property information with market context.
This well-maintained legal two-family home is configured with a 3-bedroom, 1-bath unit on the first floor and a 2-bedroom, 1-bath unit on the second floor. In addition to the main living areas, the property includes a finished walk-up attic that can support flexible use depending on how you plan to occupy or rent the space. A full unfinished walk-out basement provides additional storage capacity, with exterior access through the walk-out design.
The home sits on a 25' x 97' lot, described as having an L-shaped configuration that extends the backyard beyond the main yard area. It is located near College Point Boulevard with shopping, dining, supermarkets, cafes, parks, and everyday amenities. Transportation is accessible via the Q26 bus stop on the corner, with direct service to Downtown Flushing and Main Street, as well as the 7 Train and additional transit connections.
For buyers seeking an owner-occupant setup, this layout supports living in one unit while renting the other. For investors, the property offers two separate residential units plus additional usable area in the finished attic and storage in the walk-out basement. The offering is also noted as having low annual property taxes.
The home sits on a 25' x 97' lot, described as having an L-shaped configuration that extends the backyard beyond the main yard area. It is located near College Point Boulevard with shopping, dining, supermarkets, cafes, parks, and everyday amenities. Transportation is accessible via the Q26 bus stop on the corner, with direct service to Downtown Flushing and Main Street, as well as the 7 Train and additional transit connections.
For buyers seeking an owner-occupant setup, this layout supports living in one unit while renting the other. For investors, the property offers two separate residential units plus additional usable area in the finished attic and storage in the walk-out basement. The offering is also noted as having low annual property taxes.
Key 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 a full unfinished walk‑out basement for storage and flexible space
- Approx. 2,600 SF interior on a 25' x 97' lot with an extended backyard
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 Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Well-maintained two-family with finished walk-up attic and walk-out basement, offering flexible space for income or owner use.
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 a full unfinished walk‑out basement for storage and flexible space; Approx. 2,600 SF interior on a 25' x 97' lot with an extended backyard
