Four-Unit
For Sale
$1,075,000
125-12 18th Avenue, College Point, NY 11356
The two-floor apartment mix includes a studio, a two-bedroom residence and two one-bedroom residences.
Property Size1,800 SF
Price / SF$597.22
Days on Market161
Property Features for 125-12 18th Avenue
General Information
Standard status
Active
Size
1,800 SF
Total Parking Spaces
2
Property subtype
Quadruplex
Units
Unit Mix
1 x studio, 1 x 2BR, 2 x 1BR
Multifamily Units
4
Taxes and HOA fees
Annual Taxes
$13,191
Amenities
full basement with separate entrance
Building Details
Building Size
1,800 SF
Year Built
1931
Listing Agency:
Keller Williams Rlty Landmark
Listed By:
Hope V. Grouzis CBR
(718) 475-2700
Source:
Thedecurtisgroup
Added: May 25
Changed: Nov 1
Last Checked: Nov 1 at 1:49AM
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 attached quadplex contains four apartments across two floors: a first-floor studio and two-bedroom apartment, plus two one-bedroom apartments on the upper floor. A full basement has its own separate entrance, and two dedicated parking spaces are located behind the building. The property was built in 1931.
Key Highlights
- Four apartments: one studio, one two‑bedroom unit and two one‑bedroom units
- Two dedicated parking spaces at the rear
- Full basement with a separate entrance
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$44,000
Cap Rate
4.09%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$880,000
$880.0K
Cap Rate 7%
$628,571
$628.6K
Cap Rate 9%
$488,889
$488.9K
Market Conditions
NOI Build-Up for 1,800 SF
Gross rent
$83.2K $46.20/SF
− Vacancy
−$3.2K −$1.76/SF
EGI
$80.0K $44.44/SF
− OpEx
−$36.0K −$20.00/SF
NOI
$44.0K $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%
$880,000
Cap Rate 7%
$628,571
Cap Rate 9%
$488,889
Alternative Uses
Best Use
Apartment 5plus
$628.6K
$550.0K – $733.3K
NOI $44,000 @ 7.0% cap · market cap 4.09%
Second Best
Multifamily LT 5
$425.6K
$372.4K – $496.6K
NOI $29,793 @ 7.0% cap · market cap 2.77%
Theoretical Best
Office A
$1.33M
$1.16M – $1.55M
NOI $92,889 @ 7.0% cap · market cap 8.64%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
1,671
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?
Quadplex - The two-floor apartment mix includes a studio, a two-bedroom residence and two one-bedroom residences.
Where is this quadplex located?
The property is located at 125-12 18th Avenue College Point, NY.
What is the asking price?
The asking price for this property is $1,075,000.
What are key features of this property?
This property features: Four apartments: one studio, one two‑bedroom unit and two one‑bedroom units; Two dedicated parking spaces at the rear; Full basement with a separate entrance
