Duplex with Detached
For Sale
$1,199,998
12520 22nd Avenue, College Point, NY 11356
Corner-site residence includes a detached two-car garage and will be vacant at delivery.
Property Size1,580 SF
Price / SF$759.49
Days on Market10
Property Features for 12520 22nd Avenue
General Information
Standard status
Active
Size
1,580 SF
Total Parking Spaces
2
Property subtype
Residential Income
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$7,160
Amenities
Ceiling Fan(s)
Eat-in Kitchen
Washer/Dryer Hookup
Building Details
Building Size
1,580 SF
Year Built
1901
Buildings
1
Units
2
Listing Agency:
Suydam Agency Inc
Listed By:
Anthony Skoros · License #31SK1151456
(917) 364-4922
Source:
Georgemcknight
Added: Oct 19
Changed: Oct 26
Last Checked: Oct 26 at 4:01AM
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 Suydam Agency Inc
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This two-family duplex property includes a detached garage with capacity for two cars. The building was constructed in 1901 and contains 1,580 square feet. Delivery is planned with the residence vacant, allowing the next owner to take possession without existing occupants.
The property occupies a corner site in College Point, New York.
The property occupies a corner site in College Point, New York.
Key Highlights
- Two‑family property with 1,580 square feet
- Detached garage accommodates two cars
- Corner property in College Point, NY
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$38,622
Cap Rate
3.22%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$772,440
$772.4K
Cap Rate 7%
$551,743
$551.7K
Cap Rate 9%
$429,133
$429.1K
Market Conditions
NOI Build-Up for 1,580 SF
Gross rent
$73.0K $46.20/SF
− Vacancy
−$2.8K −$1.76/SF
EGI
$70.2K $44.44/SF
− OpEx
−$31.6K −$20.00/SF
NOI
$38.6K $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%
$772,440
Cap Rate 7%
$551,743
Cap Rate 9%
$429,133
Alternative Uses
Best Use
Apartment 5plus
$551.7K
$482.8K – $643.7K
NOI $38,622 @ 7.0% cap · market cap 3.22%
Second Best
Multifamily LT 5
$373.6K
$326.9K – $435.9K
NOI $26,152 @ 7.0% cap · market cap 2.18%
Theoretical Best
Office A
$1.16M
$1.02M – $1.36M
NOI $81,536 @ 7.0% cap · market cap 6.79%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,778
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Corner-site residence includes a detached two-car garage and will be vacant at delivery.
Where is this duplex located?
The property is located at 12520 22nd Avenue College Point, NY.
What is the asking price?
The asking price for this property is $1,199,998.
What are key features of this property?
This property features: Two‑family property with 1,580 square feet; Detached garage accommodates two cars; Corner property in College Point, NY
