College Point Two-Family
For Sale
Contact for pricing
15-32 125th St, Queens, NY 11356
Charming, fully detached two-family house in the heart of College Point.
Property Size1,388 SF
Lot Size0.05 Acres
Price / SF$612.39
Days on Market664
Property Features for 15-32 125th St
General Information
Standard status
Active
Size
1,388 SF
Lot size
0.05 Acres
Property subtype
Multifamily
Zoning
R4A
Investment Type
Owner/User
Building Details
Year Built
1901
Buildings
1
Stories
2
Units
2
Listing Agency:
Capri Jet Realty Corp
(718) 388-2188
Listed By:
Robert Napolitano · License #NY 31NA0992911
Source:
Crexi
Added: Oct 28, 2024
Changed: Aug 8
Last Checked: Aug 21 at 7:31AM
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.
This fully detached frame two-family house is located in the heart of College Point, Queens. The property is situated a short distance from College Point Boulevard, with its stores, groceries, coffee shops, and restaurants, as well as several bus stops. College Point Park is four blocks away, and Powell’s Cove Park is 0.5 miles away. The College Point Center shopping mall is 0.6 miles from the property. The house offers convenient access to the Whitestone Expressway and LaGuardia Airport. The building is in good condition and move-in ready. It features two apartments, each with two bedrooms and one bathroom. Each unit includes an eat-in kitchen with stainless steel appliances, large bedrooms, a living room, a full bath, and a walk-in closet. The property also has a clean, full basement and a private backyard. Each apartment has its own new boiler and new gas hot water heaters. The home has new windows throughout, a new roof (one year old), and newly installed siding. The lot size is 23 x 99.75 ft, and the building size is 18 x 20 ft. The zoning is R4A, with a FAR of 0.61 and a maximum FAR of 0.75. The property will be delivered vacant.
Key Highlights
- Delivered Vacant: Opportunity for immediate occupancy or rental income from both units.
- Two 2BR/1BATH Apartments: Each unit features Eat‑In Kitchen with Stainless Steel appliances, Large Bedrooms, Living Room, Full Bath, and Walk‑In Closet.
- New Roof (1 year old), Newly Installed Siding, and All New Windows: Indicates recent significant upgrades.
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
3.99%
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 3.99%
Second Best
Multifamily LT 5
$328.2K
$287.2K – $382.9K
NOI $22,974 @ 7.0% cap · market cap 2.70%
Theoretical Best
Office A
$1.02M
$895.3K – $1.19M
NOI $71,627 @ 7.0% cap · market cap 8.43%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,659
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?
Duplex - Charming, fully detached two-family house in the heart of College Point.
Where is this duplex located?
The property is located at 15-32 125th St Queens, NY.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: Delivered Vacant: Opportunity for immediate occupancy or rental income from both units.; Two 2BR/1BATH Apartments: Each unit features Eat‑In Kitchen with Stainless Steel appliances, Large Bedrooms, Living Room, Full Bath, and Walk‑In Closet.; New Roof (1 year old), Newly Installed Siding, and All New Windows: Indicates recent significant upgrades.
