Two-Family Duplex with Finished
1332 129th Street, College Point, NY 11356
For Sale
$1,225,000
Pending
Two legal two-bedroom residences occupy separate levels, complemented by driveway parking and a finished basement with its own entrance.
Property Size1,608 SF
Days on Market19
Property Features for 1332 129th Street
General Information
Standard status
Size
Property subtype
Site & Location
Highway Access
Public Transit
Units
Unit Mix
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
Finished
2
Yes
5
Washer/Dryer Hookup
Public
No
Driveway
1608
Building Details
Building Size
Year Built
Buildings
Listing Agency:
(516) 703-2918
Listed By:
Craig May
Source:
Hedgestonehomes
Added: Oct 21
Changed: Nov 7
Last Checked: Nov 7 at 3:33PM
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 Craig May
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Investment Insights
Based on property information with market context.
This 1,608-square-foot, legal two-family duplex dates to 1920 and contains a two-bedroom apartment on each of its two levels. A finished basement has a separate entrance, and washer/dryer hookups are noted. The property also includes a private driveway and a fully paved backyard.
Q25 and Q65 bus service, major highways, restaurants, supermarkets, and shopping are nearby. Retailers and businesses in the surrounding area include BJ’s, Target, Staples, and Starbucks.
Q25 and Q65 bus service, major highways, restaurants, supermarkets, and shopping are nearby. Retailers and businesses in the surrounding area include BJ’s, Target, Staples, and Starbucks.
Key Highlights
- Legal two‑family property with two‑bedroom units on both levels
- 1,608 square feet; built in 1920
- Finished basement with a separate entrance
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$39,307
Cap Rate
3.21%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$786,140
$786.1K
Cap Rate 7%
$561,529
$561.5K
Cap Rate 9%
$436,744
$436.7K
Market Conditions
NOI Build-Up for 1,608 SF
Gross rent
$74.3K $46.20/SF
− Vacancy
−$2.8K −$1.76/SF
EGI
$71.5K $44.44/SF
− OpEx
−$32.2K −$20.00/SF
NOI
$39.3K $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%
$786,140
Cap Rate 7%
$561,529
Cap Rate 9%
$436,744
Alternative Uses
Best Use
Apartment 5plus
$561.5K
$491.3K – $655.1K
NOI $39,307 @ 7.0% cap · market cap 3.21%
Second Best
Multifamily LT 5
$380.2K
$332.7K – $443.6K
NOI $26,615 @ 7.0% cap · market cap 2.17%
Theoretical Best
Office A
$1.19M
$1.04M – $1.38M
NOI $82,981 @ 7.0% cap · market cap 6.77%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
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Lease Details
2
Residential units
Yes
Highway access
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
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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 - Two legal two-bedroom residences occupy separate levels, complemented by driveway parking and a finished basement with its own entrance.
Where is this duplex located?
The property is located at 1332 129th Street College Point, NY.
What is the asking price?
The asking price for this property is $1,225,000.
What are key features of this property?
This property features: Legal two‑family property with two‑bedroom units on both levels; 1,608 square feet; built in 1920; Finished basement with a separate entrance
