2-Unit Duplex with Finished
New
For Sale
$1,290,000
13-03 128th Street A, College Point, NY 11356
Separate entrances serve two residences, each with three bedrooms and two full bathrooms.
Property Size1,962 SF
Lot Size0.04 Acres
Price / SF$657.49
Days on Market2
Property Features for 13-03 128th Street A
General Information
Standard status
Active
Size
1,962 SF
Total Parking Spaces
1
Lot size
0.04 Acres
Property subtype
Residential Income
Units
Unit Mix
2 x 3BR/2BA
Multifamily Units
2
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$12,142
Amenities
large backyard
fully finished basement
app-controlled blinds and lighting
high-end appliances
Finished,Full,Walk-Out Access
Hardwood
4
No
Yes
8
First Floor Bedroom,First Floor Full Bath
Finished, Full, Walk-Out Access
Public
Garage
1962
Building Details
Building Size
1,962 SF
Year Built
2003
Buildings
1
Listing Agency:
Century Homes Realty Group LLC
(631) 613-8782
Listed By:
Geralda Desir
Source:
Goldcrestrealtygrp
Added: Oct 31
Last Checked: Oct 31 at 2:30PM
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 Century Homes Realty Group LLC
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Investment Insights
Based on property information with market context.
Built in 2003, this 1,962-square-foot duplex contains two residences, each with a living and dining area, kitchen, three bedrooms, and two full bathrooms. Separate entrances provide independent access. A finished, walk-out basement adds another full bathroom, and smart controls operate the blinds and lighting. The property also includes a one-car garage and an outdoor yard. The lot measures 18 by 100 feet, with an 18-by-57-foot building footprint.
The property is in College Point, near shops, restaurants, parks, schools, and public transportation, including the Q25 bus. Hardwood flooring is among the interior features.
The property is in College Point, near shops, restaurants, parks, schools, and public transportation, including the Q25 bus. Hardwood flooring is among the interior features.
Key Highlights
- Two residences, each with 3 bedrooms and 2 full bathrooms
- 1,962‑square‑foot building on an 18×100‑foot lot
- Finished walk‑out basement with an additional full bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$47,960
Cap Rate
3.72%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$959,200
$959.2K
Cap Rate 7%
$685,143
$685.1K
Cap Rate 9%
$532,889
$532.9K
Market Conditions
NOI Build-Up for 1,962 SF
Gross rent
$90.6K $46.20/SF
− Vacancy
−$3.4K −$1.76/SF
EGI
$87.2K $44.44/SF
− OpEx
−$39.2K −$20.00/SF
NOI
$48.0K $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%
$959,200
Cap Rate 7%
$685,143
Cap Rate 9%
$532,889
Alternative Uses
Best Use
Apartment 5plus
$685.1K
$599.5K – $799.3K
NOI $47,960 @ 7.0% cap · market cap 3.72%
Second Best
Multifamily LT 5
$463.9K
$405.9K – $541.2K
NOI $32,474 @ 7.0% cap · market cap 2.52%
Theoretical Best
Office A
$1.45M
$1.27M – $1.69M
NOI $101,249 @ 7.0% cap · market cap 7.85%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
944
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 - Separate entrances serve two residences, each with three bedrooms and two full bathrooms.
Where is this duplex located?
The property is located at 13-03 128th Street A College Point, NY.
What is the asking price?
The asking price for this property is $1,290,000.
What are key features of this property?
This property features: Two residences, each with 3 bedrooms and 2 full bathrooms; 1,962‑square‑foot building on an 18×100‑foot lot; Finished walk‑out basement with an additional full bathroom
