Two-Unit Duplex with Private
13-03 128th Street Unit A, College Point, NY 11356
For Sale
New
$1,290,000
Each residence has its own entrance, while shared property features include a backyard and a one-car garage.
Property Size1,962 SF
Lot Size0.04 Acres
Days on Market7
Property Features for 13-03 128th Street Unit A
General Information
Standard status
Size
Total Parking Spaces
Lot size
Property subtype
Units
Unit Mix
Multifamily Units
Additional Details
Public Transit
Taxes and HOA fees
Annual Taxes
Amenities
high-end appliances
large backyard
finished basement
separate private entrances
Building Details
Building Size
Year Built
Listing Agency:
Century Homes Realty Group LLC
Listed By:
Dan Dan Tian
(347) 925-7201
Source:
Serhant
Added: Nov 2
Changed: Nov 4
Last Checked: Nov 6 at 6:06PM
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 attached duplex contains two residences, each with a living and dining area, kitchen, three bedrooms, and two full bathrooms. Separate entrances provide independent access to each unit. The finished basement adds another full bathroom, and the property also includes a backyard and a one-car garage. The lot measures 18 by 100 feet, with an 18-by-57-foot building.
The property is in College Point, near shops, restaurants, parks, schools, and public transportation, including the Q25 bus.
The property is in College Point, near shops, restaurants, parks, schools, and public transportation, including the Q25 bus.
Key Highlights
- Two residences, each with three bedrooms and two full bathrooms
- Separate private entrances for both units
- 18‑by‑100‑foot lot and an 18‑by‑57‑foot building
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
Properties on Market for Duplexes in College Point
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Each residence has its own entrance, while shared property features include a backyard and a one-car garage.
Where is this duplex located?
The property is located at 13-03 128th Street Unit 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 three bedrooms and two full bathrooms; Separate private entrances for both units; 18‑by‑100‑foot lot and an 18‑by‑57‑foot building
