Detached Two-Family
For Sale
$925,000
15-32 125th Street, College Point, NY 11356
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 Market8
Property Features for 15-32 125th Street
General Information
Standard status
Active
Size
1,388 SF
Lot size
0.05 Acres
Property subtype
Duplex
Zoning
R4A
Site & Location
Highway Access
Yes
Public Transit
Yes
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$6,040
Amenities
stainless steel appliances
walk-in closet
basement
backyard
Building Details
Building Size
1,388 SF
Year Built
1901
Buildings
1
Construction
frame
Listing Agency:
Capri Jet Realty Corp
Listed By:
Agata Landa · License #10401298444
(718) 388-2188
Source:
Barbieliteam
Added: Sep 16
Changed: Sep 21
Last Checked: Sep 21 at 8:25AM
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
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 = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$33,929
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.67%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
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.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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 3.67%
Second Best
Multifamily LT 5
$328.2K
$287.2K – $382.9K
NOI $22,974 @ 7.0% cap · market cap 2.48%
Theoretical Best
Office A
$1.02M
$895.3K – $1.19M
NOI $71,627 @ 7.0% cap · market cap 7.74%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
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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 $925,000.
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
