Detached Duplex with Private
For Sale
$1,399,990
125-11 7th Avenue, Queens, NY 11356
MULTI_FAMILY - Queens, NY
Property Size2,631 SF
Lot Size0.16 Acres
Price / SF$532.11
Days on Market93
Property Features for 125-11 7th Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R3A
Bedrooms
5
Bathrooms
3
Full bathrooms
2
Half bathrooms
1
Rooms
Bedroom 2, Bedroom 1, Bathroom 2, Bedroom 5, Bathroom 3, Bedroom 3, Bedroom 4, Bathroom 1
Patio and Porch features
Patio, Porch
Interior features
Central Air - Split, Dishwasher, Dryer, Laundry Area, Microwave, Patio Garden, Pool, Porch, Refrigerator, Stove, Washer
Basement
Finished, Full
Subdivision
College Point
Standard status
Active
Size
2,631 SF
Lot size
0.16 Acres
Taxes and HOA fees
Tax Annual Amount
10710
Amenities
saltwater swimming pool
Building Details
Year built
1910
Floors in Building
2
Number of units
2
Flooring type
Hardwood, Tile
Building materials
Brick
Roof type
Flat
Listing Agency:
RE/MAX Edge · RE/MAX International
(718) 612-3088
Listed By:
Patrick S. Lennon · License #10401351898
(718) 612-3088
Added: May 14
Changed: Aug 14
Last Checked: Aug 14 at 11:06PM
MLS# 501353
Copyright © 2026 Brooklyn New York Multiple Listing Service. 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.
Fully detached duplex on a quiet, tree-lined block in College Point, designed for flexibility between two separate units. Each unit has its own split-system HVAC. The first-floor unit has its own private entrance, a large living area, one bedroom, two bathrooms, an eat-in kitchen, a dedicated laundry area, and a bonus room that can serve as a home office, den, or additional space, with direct access to the backyard. The second-floor unit features a living room, formal dining room, dedicated office, a bright kitchen with a skylight, one bathroom, and two bedrooms. The home includes a full basement with both interior and exterior access, plus extra crawl space storage on the first floor.
Set on a 0.1607-acre (50x100) lot with a private backyard and a saltwater swimming pool. There is a private three-car driveway at the front, and an additional 20x100 rear lot with its own side driveway that can accommodate two more vehicles, supporting abundant off-street parking and outdoor space. The building is brick construction and was built in 1910.
Zoned R3A, the property offers a total of 2,631 square feet and includes interior amenities such as hardwood and tile flooring, a porch/patio, and in-unit appliances including dishwasher, microwave, refrigerator, stove, washer, and dryer.
Set on a 0.1607-acre (50x100) lot with a private backyard and a saltwater swimming pool. There is a private three-car driveway at the front, and an additional 20x100 rear lot with its own side driveway that can accommodate two more vehicles, supporting abundant off-street parking and outdoor space. The building is brick construction and was built in 1910.
Zoned R3A, the property offers a total of 2,631 square feet and includes interior amenities such as hardwood and tile flooring, a porch/patio, and in-unit appliances including dishwasher, microwave, refrigerator, stove, washer, and dryer.
Key Highlights
- Zoned R3A detached duplex with split‑system HVAC on each floor
- 0.1607‑acre (50x100) lot with private backyard and saltwater swimming pool
- Private three‑car driveway plus additional 20x100 rear lot with side driveway for two more vehicles
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$64,313
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.59%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,286,260
$1.3M
Cap Rate 7%
$918,757
$918.8K
Cap Rate 9%
$714,589
$714.6K
Market Conditions
NOI Build-Up for 2,631 SF
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.
Gross rent
$121.6K $46.20/SF
− Vacancy
−$4.6K −$1.76/SF
EGI
$116.9K $44.44/SF
− OpEx
−$52.6K −$20.00/SF
NOI
$64.3K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,286,260
Cap Rate 7%
$918,757
Cap Rate 9%
$714,589
Alternative Uses
Best Use
Apartment 5plus
$918.8K
$803.9K – $1.07M
NOI $64,313 @ 7.0% cap · market cap 4.59%
Second Best
Multifamily LT 5
$622.1K
$544.3K – $725.8K
NOI $43,547 @ 7.0% cap · market cap 3.11%
Theoretical Best
Office A
$1.94M
$1.70M – $2.26M
NOI $135,772 @ 7.0% cap · market cap 9.70%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
981
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?
Duplex - R3A zoned detached duplex with a private backyard, saltwater pool, and split-system HVAC on each floor.
Where is this duplex located?
The property is located at 125-11 7th Avenue Queens, NY.
What is the asking price?
The asking price for this property is $1,399,990.
What are key features of this property?
This property features: Zoned R3A detached duplex with split‑system HVAC on each floor; 0.1607‑acre (50x100) lot with private backyard and saltwater swimming pool; Private three‑car driveway plus additional 20x100 rear lot with side driveway for two more vehicles
