Duplex with Finished
New
For Sale
$1,150,000
Pending
1304 123rd Street, College Point, NY 11356
Detached two-family residence with a separate basement entrance, outdoor deck, and backyard.
Property Size2,048 SF
Lot Size0.06 Acres
Days on Market4
Property Features for 1304 123rd Street
General Information
Standard status
Pending
Size
2,048 SF
Lot size
0.06 Acres
Property subtype
Residential Income
Zoning
R4A
Additional Details
Public Transit
Yes
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$7,733
Amenities
hardwood flooring
split-type air conditioning
natural gas heaters
hot water tanks
finished basement
separate entrance
oversized front deck
large backyard
leased solar panels
Finished,Full
Hardwood
3
No
Yes
6
First Floor Bedroom,First Floor Full Bath,Eat-in Kitchen
Finished, Full
Public
On Street
Block
2048
Building Details
Building Size
2,048 SF
Year Built
1920
Buildings
1
Listing Agency:
B Square Realty
(516) 703-2918
Listed By:
Sooyeon (Kelly) Moon
Source:
Hedgestonehomes
Added: Oct 26
Changed: Oct 28
Last Checked: Oct 28 at 3:04PM
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 B Square Realty
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Investment Insights
Based on property information with market context.
This detached duplex provides approximately 2,048 square feet of living space in a 20-by-50-foot building on a 2,500-square-foot lot. The 1920 property has hardwood floors, split-type air conditioning, two natural gas heaters, and two hot water tanks. A finished basement with a half bath is accessible through its own entrance. An oversized front deck and a large backyard add outdoor space, while leased solar panels are installed at the property. The zoning designation is R4A.
College Point Boulevard is nearby, with supermarkets, restaurants, pharmacies, laundromats, and libraries within half a block. Target, HomeGoods, and BJ’s are also nearby. Q20, Q25, and Q26 bus service is two blocks away, and Flushing is a 10-minute drive.
College Point Boulevard is nearby, with supermarkets, restaurants, pharmacies, laundromats, and libraries within half a block. Target, HomeGoods, and BJ’s are also nearby. Q20, Q25, and Q26 bus service is two blocks away, and Flushing is a 10-minute drive.
Key Highlights
- Detached two‑family property with approximately 2,048 sq ft of living space
- 20‑by‑50‑foot building on a 2,500 sq ft lot
- R4A zoning; built in 1920
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$50,062
Cap Rate
4.35%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,001,240
$1.0M
Cap Rate 7%
$715,171
$715.2K
Cap Rate 9%
$556,244
$556.2K
Market Conditions
NOI Build-Up for 2,048 SF
Gross rent
$94.6K $46.20/SF
− Vacancy
−$3.6K −$1.76/SF
EGI
$91.0K $44.44/SF
− OpEx
−$41.0K −$20.00/SF
NOI
$50.1K $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%
$1,001,240
Cap Rate 7%
$715,171
Cap Rate 9%
$556,244
Alternative Uses
Best Use
Apartment 5plus
$715.2K
$625.8K – $834.4K
NOI $50,062 @ 7.0% cap · market cap 4.35%
Second Best
Multifamily LT 5
$484.3K
$423.7K – $565.0K
NOI $33,898 @ 7.0% cap · market cap 2.95%
Theoretical Best
Office A
$1.51M
$1.32M – $1.76M
NOI $105,687 @ 7.0% cap · market cap 9.19%
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
1,644
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 - Detached two-family residence with a separate basement entrance, outdoor deck, and backyard.
Where is this duplex located?
The property is located at 1304 123rd Street College Point, NY.
What is the asking price?
The asking price for this property is $1,150,000.
What are key features of this property?
This property features: Detached two‑family property with approximately 2,048 sq ft of living space; 20‑by‑50‑foot building on a 2,500 sq ft lot; R4A zoning; built in 1920
