Two-Over-One-Over-Studio
For Sale
$1,199,500
123-09 20th Avenue, College Point, NY 11356
Legal three-family property with a 2-over-1-over-studio layout and upper units ready for immediate occupancy.
Days on Market97
Property Features for 123-09 20th Avenue
General Information
Standard status
Active
Property subtype
Triplex
Building Details
Building Size
1,734 SF
Year Built
1920
Tenancy
Multi
Listing Agency:
Coldwell Banker American Homes
(929) 318-3784
Listed By:
Gavesh Meghan
Source:
Serhant
Added: Apr 27
Changed: Jul 31
Last Checked: Aug 1 at 10:48AM
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 Coldwell Banker American Homes
Investment Insights
Based on property information with market context.
This legal three-family triplex offers a 2-over-1-over-studio layout. The property is described as well-maintained and rent-ready, with the upper units in great condition and ready for immediate occupancy or income. The studio provides an opportunity for customization to add the next owner’s touch.
Access and everyday convenience are emphasized in the surrounding area, including a Q20 and Q26 bus stop located just steps away. The front door is described as opening to Poppenhusen Playground, and the property is positioned just down the street from College Point Blvd, with shopping, grocery stores, dining, and daily conveniences noted as being about one block away.
Built in 1920, the property is presented as a practical multifamily option in a high-demand location.
Access and everyday convenience are emphasized in the surrounding area, including a Q20 and Q26 bus stop located just steps away. The front door is described as opening to Poppenhusen Playground, and the property is positioned just down the street from College Point Blvd, with shopping, grocery stores, dining, and daily conveniences noted as being about one block away.
Built in 1920, the property is presented as a practical multifamily option in a high-demand location.
Key Highlights
- Legal three‑family triplex with a 2‑over‑1‑over‑studio layout
- Upper units described as in great condition and ready for immediate occupancy
- Studio unit offers customization opportunity
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 | $80.1k | $46.20 |
| − Vacancy | −$3.0k | −$1.76 |
| EGI | $77.1k | $44.44 |
| − OpEx | −$34.7k | −$20.00 |
| NOI | $42.4k | $24.44 |
1,734 SF · lease $46.20/SF/yr · vacancy 3.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$605.5K
$529.8K – $706.5K
NOI $42,387 @ 7.0% cap · market cap 3.53%
Second Best
Multifamily LT 5
$410.0K
$358.8K – $478.3K
NOI $28,700 @ 7.0% cap · market cap 2.39%
Theoretical Best
Office A
$1.28M
$1.12M – $1.49M
NOI $89,483 @ 7.0% cap · market cap 7.46%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,773
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Legal three-family property with a 2-over-1-over-studio layout and upper units ready for immediate occupancy.
Where is this triplex located?
The property is located at 123-09 20th Avenue College Point, NY.
What is the asking price?
The asking price for this property is $1,199,500.
What are key features of this property?
This property features: Legal three‑family triplex with a 2‑over‑1‑over‑studio layout; Upper units described as in great condition and ready for immediate occupancy; Studio unit offers customization opportunity
