Duplex with Two-Car
For Sale
$1,088,000
124-18 7th Avenue, College Point, NY 11356
The detached residence has two separate living areas and will be delivered vacant.
Property Size1,386 SF
Lot Size0.11 Acres
Price / SF$784.99
Days on Market16
Property Features for 124-18 7th Avenue
General Information
Standard status
Active
Size
1,386 SF
Total Parking Spaces
2
Lot size
0.11 Acres
Property subtype
Residential Income
Land
Land Use
residential
Entitled
No
Taxes and HOA fees
Annual Taxes
$7,166
Amenities
Entrance Foyer
Formal Dining
Storage
Building Details
Building Size
1,386 SF
Year Built
1920
Units
2
Listing Agency:
Keller Williams Rlty Landmark
(718) 475-2700
Listed By:
Annie Hsu · License #10301207568
(917) 725-7588
Source:
Croninreale
Added: Oct 13
Changed: Oct 26
Last Checked: Oct 26 at 3:54AM
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 Keller Williams Rlty Landmark
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Investment Insights
Based on property information with market context.
This detached two-family residence contains 1,386 square feet on a 50-by-100-foot lot and dates to 1920. The main level includes a living room, separate dining room with bay windows, and kitchen; hardwood floors are also noted. The upper apartment has a kitchen, living area, bedroom, and bathroom. A full basement has an exterior entrance, and a two-car garage is included.
The property is in College Point, near schools, shops, restaurants, parks, and public transportation. It will be delivered vacant. The source describes possible redevelopment as subject to zoning and required approvals.
The property is in College Point, near schools, shops, restaurants, parks, and public transportation. It will be delivered vacant. The source describes possible redevelopment as subject to zoning and required approvals.
Key Highlights
- Detached two‑family residence with 1,386 square feet
- 50‑by‑100‑foot lot in College Point
- Upper apartment has a kitchen, living area, bedroom, and bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,880
Cap Rate
3.11%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$677,600
$677.6K
Cap Rate 7%
$484,000
$484.0K
Cap Rate 9%
$376,444
$376.4K
Market Conditions
NOI Build-Up for 1,386 SF
Gross rent
$64.0K $46.20/SF
− Vacancy
−$2.4K −$1.76/SF
EGI
$61.6K $44.44/SF
− OpEx
−$27.7K −$20.00/SF
NOI
$33.9K $24.44/SF
Area
Queens County, NY
Vacancy
3.80%
Lease Rate
$46.20 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$677,600
Cap Rate 7%
$484,000
Cap Rate 9%
$376,444
Alternative Uses
Best Use
Apartment 5plus
$484.0K
$423.5K – $564.7K
NOI $33,880 @ 7.0% cap · market cap 3.11%
Second Best
Multifamily LT 5
$327.7K
$286.8K – $382.4K
NOI $22,941 @ 7.0% cap · market cap 2.11%
Theoretical Best
Office A
$1.02M
$894.1K – $1.19M
NOI $71,524 @ 7.0% cap · market cap 6.57%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
809
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - The detached residence has two separate living areas and will be delivered vacant.
Where is this duplex located?
The property is located at 124-18 7th Avenue College Point, NY.
What is the asking price?
The asking price for this property is $1,088,000.
What are key features of this property?
This property features: Detached two‑family residence with 1,386 square feet; 50‑by‑100‑foot lot in College Point; Upper apartment has a kitchen, living area, bedroom, and bathroom
