Residential Income Property with
New
For Sale
$1,499,888
15-09 120 Street, College Point, NY 11356
Interior features include an eat-in kitchen, high ceilings, and a finished lower level with walk-out access.
Property Size2,642 SF
Days on Market7
Property Features for 15-09 120 Street
General Information
Standard status
Active
Size
2,642 SF
Total Parking Spaces
8
Property subtype
Residential Income
Taxes and HOA fees
Annual Taxes
$8,927
Amenities
Wall/Window Unit(s)
Baseboard
Finished, Full, Storage Space, Walk-Out Access
Built-in Features, Chandelier, Eat-in Kitchen, Entrance Foyer, Granite Counters, High Ceilings, Kitchen Island, Natural Woodwork, Open Floorplan, Master Downstairs, Recessed Lighting
City
Fenced, Back Yard, Chain Link, Front Yard, Full
Alley Access, Assigned, Driveway, Garage, Off Street, Parking Lot, Private
Garden
Estate
Building Details
Building Size
2,642 SF
Year Built
1920
Listed By:
Li C. Yung CBR
(917) 416-5053
Source:
Evrealestate
Added: Oct 1
Changed: Oct 6
Last Checked: Oct 6 at 2:59AM
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 Li C. Yung CBR
Investment Insights
Based on property information with market context.
This residential income property, built in 1920, includes a finished full basement with storage space and walk-out access. Interior details include an eat-in kitchen with granite counters and an island, an entrance foyer, high ceilings, natural woodwork, and an open floorplan. Wall/window units and baseboard heating are listed among the interior features.
The property has front and back yards, a garden, and fenced outdoor areas. Parking features include a garage, driveway, assigned parking, off-street spaces, and alley access. The address is in College Point, Queens.
The property has front and back yards, a garden, and fenced outdoor areas. Parking features include a garage, driveway, assigned parking, off-street spaces, and alley access. The address is in College Point, Queens.
Key Highlights
- Built in 1920
- Finished full basement with storage and walk‑out access
- Eat‑in kitchen with granite counters and an island
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$64,582
Cap Rate
4.31%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,291,640
$1.3M
Cap Rate 7%
$922,600
$922.6K
Cap Rate 9%
$717,578
$717.6K
Market Conditions
NOI Build-Up for 2,642 SF
Gross rent
$122.1K $46.20/SF
− Vacancy
−$4.6K −$1.76/SF
EGI
$117.4K $44.44/SF
− OpEx
−$52.8K −$20.00/SF
NOI
$64.6K $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%
$1,291,640
Cap Rate 7%
$922,600
Cap Rate 9%
$717,578
Alternative Uses
Best Use
Apartment 5plus
$922.6K
$807.3K – $1.08M
NOI $64,582 @ 7.0% cap · market cap 4.31%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.95M
$1.70M – $2.27M
NOI $136,340 @ 7.0% cap · market cap 9.09%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,475
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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Frequently Asked Questions
What type of property is this?
Residential income property - Interior features include an eat-in kitchen, high ceilings, and a finished lower level with walk-out access.
Where is this residential income property located?
The property is located at 15-09 120 Street College Point, NY.
What is the asking price?
The asking price for this property is $1,499,888.
What are key features of this property?
This property features: Built in 1920; Finished full basement with storage and walk‑out access; Eat‑in kitchen with granite counters and an island
