Renovated Detached
New
For Sale
$1,190,000
14-18 114th Street, College Point, NY 11356
Three-family residential property near shopping, parks, library, and bus service.
Days on Market6
Property Features for 14-18 114th Street
General Information
Standard status
Active
Property subtype
Triplex
Building Details
Building Size
2,100 SF
Year Built
1920
Year Renovated
2018
Buildings
1
Tenancy
Multi
Listing Agency:
City Realty Group
(718) 888-9005
Listed By:
Emmy D. Cai CBR · License #10311207995
Source:
Barbieliteam
Added: Jul 27
Changed: Jul 31
Last Checked: Aug 1 at 10:58AM
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
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 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 | $97.0k | $46.20 |
| − Vacancy | −$3.7k | −$1.76 |
| EGI | $93.3k | $44.44 |
| − OpEx | −$42.0k | −$20.00 |
| NOI | $51.3k | $24.44 |
2,100 SF · lease $46.20/SF/yr · vacancy 3.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$733.3K
$641.7K – $855.6K
NOI $51,333 @ 7.0% cap · market cap 4.31%
Second Best
Multifamily LT 5
$496.5K
$434.5K – $579.3K
NOI $34,758 @ 7.0% cap · market cap 2.92%
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.
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,040
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?
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
