Two-Family Residential with Finished
13-15 124th St, College Point, NY 11356
MULTI_FAMILY - College Point, NY
Property size:
2,520 SFLot size:
0.06 AcresPrice / SF:
$415/SF- Added:
- Mar 16, 2026
- Days on Market:
- 112
- Last Refresh:
- Jul 5 at 9:06 pm
Property Features for 13-15 124th St
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 6
- Bathrooms
- 2
- Rooms
- Bathroom 1, Bedroom 3, Bedroom 6, Bedroom 5, Bedroom 1, Bedroom 2, Bathroom 2, Bedroom 4
- Interior features
- Entrance Foyer
- Fencing
- Fenced
- Standard status
- Active
- Size
- 2,520 SF
- Lot size
- 0.06 Acres
Taxes and HOA fees
- Tax Annual Amount
- 7473
Utilities
- Heating system
- Steam, Baseboard, Natural Gas
- Water source
- Public
Building Details
- Year built
- 1920
- Floors in Building
- 2
- Flooring type
- Laminate
- Building materials
- Vinyl Siding
- Roof type
- Rubber
- Additional Structures
- Workshop
Listing agent Stacey Tzortzatos
Listing office SIGMA GROUP Real Estate Suite 2 1522 Parsons Blvd, Whitestone, NY (917) 267-2305
Listing date Mar 16, 2026
MLS# 11674135
Listing URL
Copyright © 2026 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- 2‑family home with entrance foyer, fenced exterior, public water, and rubber roof
- Newly installed roof, heating system, and hot water heater
- Heating includes steam, baseboard, and natural gas
- Finished basement with a separate entrance for added living or workspace use (verify use)
- Zoned R4A with additional buildable potential
- Laminate flooring with vinyl siding; rooms include 6 bedrooms and 2 bathrooms
Overview
This well-positioned two-family home at 13-15 124th St features functional layouts in each unit with strong natural light. A finished basement includes a separate entrance, which can expand living and work options, subject to applicable use and permitting requirements. The property also benefits from recent improvements including a newly installed roof, heating system, and hot water heater.
Located in College Point in Queens, the home is surrounded by neighborhood conveniences and is described as being near local parks, schools, places of worship, and major routes for practical daily commuting.
Zoned R4A, the property offers flexibility for end-users and investors seeking to occupy one unit while leasing the other, or leasing both units. With the current updates to the roof and mechanical systems, the home supports straightforward occupancy planning, while the zoning designation may provide additional buildable potential for future development considerations.
Located in College Point in Queens, the home is surrounded by neighborhood conveniences and is described as being near local parks, schools, places of worship, and major routes for practical daily commuting.
Zoned R4A, the property offers flexibility for end-users and investors seeking to occupy one unit while leasing the other, or leasing both units. With the current updates to the roof and mechanical systems, the home supports straightforward occupancy planning, while the zoning designation may provide additional buildable potential for future development considerations.
Local 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 | $116.4k | $46.20 |
| − Vacancy | −$4.4k | −$1.76 |
| EGI | $112.0k | $44.44 |
| − OpEx | −$50.4k | −$20.00 |
| NOI | $61.6k | $24.44 |
2,520 SF · lease $46.20/SF/yr · vacancy 3.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$880.0K
$770.0K – $1.03M
NOI $61,600 @ 7.0% cap · market cap 5.88%
Second Best
Multifamily LT 5
$595.9K
$521.4K – $695.2K
NOI $41,710 @ 7.0% cap · market cap 3.98%
Theoretical Best
Office A
$1.86M
$1.63M – $2.17M
NOI $130,044 @ 7.0% cap · market cap 12.41%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Location Insight
- Map
- Local Demand
- City
- College Point
- County
- Queens
- State
- New York
- Longitude
- -73.843738
- Latitude
- 40.786276
Nearby Similar for Sale
FAQs
What type of property is this?
Duplex - A 2-family home in College Point with a finished basement and separate entrance, plus recently updated roof and mechanicals.
Where is this duplex located?
The property is located at 13-15 124th St College Point, NY.
What is the asking price?
The asking price for this property is $1,048,000.
What are key features of this property?
This property features: 2‑family home with entrance foyer, fenced exterior, public water, and rubber roof; Newly installed roof, heating system, and hot water heater; Heating includes steam, baseboard, and natural gas
