All-Brick Two-Family
For Sale
$1,680,000
1253 120th Street, College Point, NY 11356
Finished walk-in basement and two parking spaces add practical flexibility to this legal residential income property.
Property Size3,000 SF
Lot Size0.09 Acres
Days on Market52
Property Features for 1253 120th Street
General Information
Standard status
Active
Size
3,000 SF
Total Parking Spaces
2
Lot size
0.09 Acres
Property subtype
Duplex
Zoning
R4-1
Site & Location
Highway Access
Yes
Public Transit
Yes
Units
Unit Mix
2 x 3BR/2BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$10,908
Building Details
Building Size
3,000 SF
Year Built
1960
Buildings
1
Construction
all-brick
Listing Agency:
EXP Realty
Listed By:
Jinping Lin
(917) 655-9408
Source:
Barbieliteam
Added: Sep 7
Changed: Oct 26
Last Checked: Oct 26 at 10:12PM
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 EXP Realty
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Investment Insights
Based on property information with market context.
Built in 1960, this legal two-family property is constructed with all-brick exterior walls and contains approximately 2,116 square feet above grade. Each floor provides three bedrooms and two full bathrooms, creating a consistent layout across both residences. The finished walk-in basement adds approximately 1,058 square feet and includes another full bathroom, with space identified for recreation, storage, or other permitted uses.
The property occupies a 40 x 100 lot and includes two parking spaces. It is located at 1253 120th Street in College Point, with access to Downtown Flushing, the Whitestone Expressway, the Van Wyck Expressway, public transportation, shopping, supermarkets, restaurants, schools, and parks. R4-1 zoning is also in place.
The property occupies a 40 x 100 lot and includes two parking spaces. It is located at 1253 120th Street in College Point, with access to Downtown Flushing, the Whitestone Expressway, the Van Wyck Expressway, public transportation, shopping, supermarkets, restaurants, schools, and parks. R4-1 zoning is also in place.
Key Highlights
- Legal two‑family configuration with 3 bedrooms and 2 full bathrooms on each floor
- All‑brick construction on a 40 x 100 lot
- Approximately 2,116 sq ft above grade
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$73,333
Cap Rate
4.37%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,466,660
$1.5M
Cap Rate 7%
$1,047,614
$1.0M
Cap Rate 9%
$814,811
$814.8K
Market Conditions
NOI Build-Up for 3,000 SF
Gross rent
$138.6K $46.20/SF
− Vacancy
−$5.3K −$1.76/SF
EGI
$133.3K $44.44/SF
− OpEx
−$60.0K −$20.00/SF
NOI
$73.3K $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 Rate 5%
$1,466,660
Cap Rate 7%
$1,047,614
Cap Rate 9%
$814,811
Alternative Uses
Best Use
Apartment 5plus
$1.05M
$916.7K – $1.22M
NOI $73,333 @ 7.0% cap · market cap 4.37%
Second Best
Multifamily LT 5
$709.4K
$620.7K – $827.6K
NOI $49,655 @ 7.0% cap · market cap 2.96%
Theoretical Best
Office A
$2.21M
$1.94M – $2.58M
NOI $154,814 @ 7.0% cap · market cap 9.22%
Zoning and permitted uses should be independently verified with authorities.
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Who owns this building?
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Open Analytics
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,644
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
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Finished walk-in basement and two parking spaces add practical flexibility to this legal residential income property.
Where is this duplex located?
The property is located at 1253 120th Street College Point, NY.
What is the asking price?
The asking price for this property is $1,680,000.
What are key features of this property?
This property features: Legal two‑family configuration with 3 bedrooms and 2 full bathrooms on each floor; All‑brick construction on a 40 x 100 lot; Approximately 2,116 sq ft above grade
