Renovated Detached
14-18 114th Street, College Point, NY 11356
For Sale
$1,190,000
Three-family residential property near shopping, parks, library, and bus service.
Property Size2,100 SF
Days on Market106
Property Features for 14-18 114th Street
General Information
Standard status
Size
Property subtype
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Year Renovated
Buildings
Tenancy
Listing Agency:
City Realty Group
Listed By:
Emmy D. Cai CBR · License #10311207995
(646) 805-8688
Source:
Barbieliteam
Added: Jul 27
Changed: Oct 31
Last Checked: Nov 8 at 1:21PM
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 City Realty Group
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Investment Insights
Based on property information with market context.
This detached triplex was completely renovated in 2018 and includes 7 bedrooms and 4 full bathrooms across its three-family configuration. The property offers separate residential units, with tenants paying all utilities except water. Built in 1920, it combines an established structure with substantial renovation work.
Located at 14-18 114th Street in College Point, the property is near College Point Boulevard's shopping, local parks, and library. Q26 bus service is nearby, providing a connection to the Flushing #7 train. The layout supports multifamily residential use with a practical unit count and bedroom configuration.
Located at 14-18 114th Street in College Point, the property is near College Point Boulevard's shopping, local parks, and library. Q26 bus service is nearby, providing a connection to the Flushing #7 train. The layout supports multifamily residential use with a practical unit count and bedroom configuration.
Key Highlights
- Completely renovated in 2018
- Detached 3‑family property with 7 bedrooms and 4 full bathrooms
- Tenants pay all utilities except water
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$51,893
Cap Rate
4.36%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,037,860
$1.0M
Cap Rate 7%
$741,329
$741.3K
Cap Rate 9%
$576,589
$576.6K
Market Conditions
NOI Build-Up for 2,100 SF
Gross rent
$80.6K $38.40/SF
− Vacancy
−$6.5K −$3.10/SF
EGI
$74.1K $35.30/SF
− OpEx
−$22.2K −$10.59/SF
NOI
$51.9K $24.71/SF
Area
Queens County, NY
Vacancy
8.07%
Lease Rate
$38.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,037,860
Cap Rate 7%
$741,329
Cap Rate 9%
$576,589
Alternative Uses
Best Use
Multifamily LT 5
$741.3K
$648.7K – $864.9K
NOI $51,893 @ 7.0% cap · market cap 4.36%
Second Best
Apartment 5plus
$733.3K
$641.7K – $855.6K
NOI $51,333 @ 7.0% cap · market cap 4.31%
Theoretical Best
Office A
$1.55M
$1.35M – $1.81M
NOI $108,370 @ 7.0% cap · market cap 9.11%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,040
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
$893,100
Median Home Value
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Market
Average Price Trend$/SF for Triplexes in Queens County, NY
Properties on Market for Triplexes in Queens County
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Three-family residential property near shopping, parks, library, and bus service.
Where is this triplex located?
The property is located at 14-18 114th Street College Point, NY.
What is the asking price?
The asking price for this property is $1,190,000.
What are key features of this property?
This property features: Completely renovated in 2018; Detached 3‑family property with 7 bedrooms and 4 full bathrooms; Tenants pay all utilities except water
