Detached Two-Family
15-32 125th Street, College Point, NY 11356
For Sale
$899,000
Two apartments offer eat-in kitchens, stainless steel appliances, full baths, spacious bedrooms, and walk-in closets.
Property Size1,388 SF
Lot Size0.05 Acres
Days on Market54
Property Features for 15-32 125th Street
General Information
Standard status
Size
Lot size
Property subtype
Zoning
Site & Location
Highway Access
Public Transit
Units
Unit Mix
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
stainless steel appliances
walk-in closet
basement
backyard
Building Details
Building Size
Year Built
Buildings
Construction
Listing Agency:
Capri Jet Realty Corp
Listed By:
Agata Landa · License #10401298444
(914) 255-7284
Source:
Barbieliteam
Added: Sep 16
Changed: Oct 31
Last Checked: Nov 6 at 2:56PM
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 Capri Jet Realty Corp
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Investment Insights
Based on property information with market context.
Located at 15-32 125th Street in College Point, this fully detached frame property contains two 2BR/1BATH apartments and is delivered vacant. Each apartment includes an eat-in kitchen with stainless steel appliances, large bedrooms, a living room, full bath, and walk-in closet. The property also includes a full basement and a private backyard.
Recent improvements include new windows throughout, newly installed siding, and a roof that is 1 year old. Each apartment has its own new boiler and new gas hot water heater. The home sits on a 23 x 99.75 ft lot with an 18 x 20 ft building footprint and is zoned R4A, with a 0.61 FAR and 0.75 Max FAR. College Point Blvd is 3 short blocks away, bus stops are 2 short blocks away, and College Point Park is 4 blocks away. Powell's Cove Park, College Point Center shopping mall, the Whitestone Expy, and LaGuardia Airport are also nearby.
Recent improvements include new windows throughout, newly installed siding, and a roof that is 1 year old. Each apartment has its own new boiler and new gas hot water heater. The home sits on a 23 x 99.75 ft lot with an 18 x 20 ft building footprint and is zoned R4A, with a 0.61 FAR and 0.75 Max FAR. College Point Blvd is 3 short blocks away, bus stops are 2 short blocks away, and College Point Park is 4 blocks away. Powell's Cove Park, College Point Center shopping mall, the Whitestone Expy, and LaGuardia Airport are also nearby.
Key Highlights
- Two 2BR/1BATH apartments, delivered vacant
- 23 x 99.75 ft lot with an 18 x 20 ft building footprint
- R4A zoning; 0.61 FAR and 0.75 Max FAR
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,929
Cap Rate
3.77%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$678,580
$678.6K
Cap Rate 7%
$484,700
$484.7K
Cap Rate 9%
$376,989
$377.0K
Market Conditions
NOI Build-Up for 1,388 SF
Gross rent
$64.1K $46.20/SF
− Vacancy
−$2.4K −$1.76/SF
EGI
$61.7K $44.44/SF
− OpEx
−$27.8K −$20.00/SF
NOI
$33.9K $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%
$678,580
Cap Rate 7%
$484,700
Cap Rate 9%
$376,989
Alternative Uses
Best Use
Apartment 5plus
$484.7K
$424.1K – $565.5K
NOI $33,929 @ 7.0% cap · market cap 3.77%
Second Best
Multifamily LT 5
$328.2K
$287.2K – $382.9K
NOI $22,974 @ 7.0% cap · market cap 2.56%
Theoretical Best
Office A
$1.02M
$895.3K – $1.19M
NOI $71,627 @ 7.0% cap · market cap 7.97%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
412
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 apartments offer eat-in kitchens, stainless steel appliances, full baths, spacious bedrooms, and walk-in closets.
Where is this duplex located?
The property is located at 15-32 125th Street College Point, NY.
What is the asking price?
The asking price for this property is $899,000.
What are key features of this property?
This property features: Two 2BR/1BATH apartments, delivered vacant; 23 x 99.75 ft lot with an 18 x 20 ft building footprint; R4A zoning; 0.61 FAR and 0.75 Max FAR
