Two-Family Duplex with Finished
For Sale
$1,390,000
13-05 128th Street, College Point, NY 11356
Separate entrances, smart-home upgrades, and a finished lower level add functional flexibility.
Lot Size0.04 Acres
Days on Market75
Property Features for 13-05 128th Street
General Information
Standard status
Active
Total Parking Spaces
1
Lot size
0.04 Acres
Property subtype
Duplex
Amenities
app-controlled blinds and lighting
large backyard
Building Details
Building Size
2,473 SF
Year Built
2003
Buildings
1
Tenancy
Multi
Listing Agency:
Century Homes Realty Group LLC
(347) 925-7201
Listed By:
Dan Dan Tian
Source:
Barbieliteam
Added: May 19
Changed: Jul 31
Last Checked: Jul 31 at 5:58PM
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
Investment Insights
Based on property information with market context.
Built in 2003, this attached two-family duplex occupies an 18x100 lot with an 18x63 building footprint. Each unit includes a living and dining area, kitchen with high-end appliances, three bedrooms, and two full bathrooms. Both units have separate private entrances, supporting distinct household layouts within the property.
The fully finished basement has separate entrances and an additional full bathroom, with space described for recreation, a home office, or guest use. Smart-home features include app-controlled blinds and lighting. The property also offers a large backyard and a 1-car garage. Located at 13-05 128th Street in College Point, the property is near shops, restaurants, parks, schools, and public transportation, including the Q25 bus.
The fully finished basement has separate entrances and an additional full bathroom, with space described for recreation, a home office, or guest use. Smart-home features include app-controlled blinds and lighting. The property also offers a large backyard and a 1-car garage. Located at 13-05 128th Street in College Point, the property is near shops, restaurants, parks, schools, and public transportation, including the Q25 bus.
Key Highlights
- Two‑family duplex built in 2003
- Each unit offers 3 bedrooms and 2 full bathrooms
- 18x100 lot with an 18x63 building footprint
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $114.3k | $46.20 |
| − Vacancy | −$4.3k | −$1.76 |
| EGI | $109.9k | $44.44 |
| − OpEx | −$49.5k | −$20.00 |
| NOI | $60.5k | $24.44 |
2,473 SF · lease $46.20/SF/yr · vacancy 3.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$863.6K
$755.6K – $1.01M
NOI $60,451 @ 7.0% cap · market cap 4.35%
Second Best
Multifamily LT 5
$584.7K
$511.7K – $682.2K
NOI $40,932 @ 7.0% cap · market cap 2.94%
Theoretical Best
Office A
$1.82M
$1.60M – $2.13M
NOI $127,619 @ 7.0% cap · market cap 9.18%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,630
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Separate entrances, smart-home upgrades, and a finished lower level add functional flexibility.
Where is this duplex located?
The property is located at 13-05 128th Street College Point, NY.
What is the asking price?
The asking price for this property is $1,390,000.
What are key features of this property?
This property features: Two‑family duplex built in 2003; Each unit offers 3 bedrooms and 2 full bathrooms; 18x100 lot with an 18x63 building footprint
