Duplex with Finished
New
For Sale
$1,183,000
1532 124th Street, College Point, NY 11356
Multi-level duplex featuring multiple kitchens, updated bathrooms, and flexible living areas.
Property Size1,940 SF
Days on Market7
Property Features for 1532 124th Street
General Information
Standard status
Active
Size
1,940 SF
Property subtype
Duplex
Additional Details
Furnished
No
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$5,589
Building Details
Building Size
1,940 SF
Year Built
1910
Listing Agency:
B Square Realty
Listed By:
Ding Yu
(516) 888-8890
Source:
Barbieliteam
Added: Sep 17
Changed: Sep 20
Last Checked: Sep 22 at 9:33PM
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 B Square Realty
Investment Insights
Based on property information with market context.
This duplex, built in 1910, provides six bedrooms and four full bathrooms across multiple levels. The interior includes hardwood and tile flooring, multiple kitchens, updated bathrooms, and a finished basement that adds usable space. Generous room proportions and a functional layout support flexible residential use.
The property is in College Point, NY, near shopping, dining, schools, parks, and public transportation. Interior images have been virtually staged, with furnishings and décor shown for visualization purposes only.
The property is in College Point, NY, near shopping, dining, schools, parks, and public transportation. Interior images have been virtually staged, with furnishings and décor shown for visualization purposes only.
Key Highlights
- Six bedrooms and four full bathrooms
- Finished basement provides additional usable space
- Multiple kitchens across a multi‑level layout
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
$47,422
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
4.01%
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%
$948,440
$948.4K
Cap Rate 7%
$677,457
$677.5K
Cap Rate 9%
$526,911
$526.9K
Market Conditions
NOI Build-Up for 1,940 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
$89.6K $46.20/SF
− Vacancy
−$3.4K −$1.76/SF
EGI
$86.2K $44.44/SF
− OpEx
−$38.8K −$20.00/SF
NOI
$47.4K $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%
$948,440
Cap Rate 7%
$677,457
Cap Rate 9%
$526,911
Alternative Uses
Best Use
Apartment 5plus
$677.5K
$592.8K – $790.4K
NOI $47,422 @ 7.0% cap · market cap 4.01%
Second Best
Multifamily LT 5
$458.7K
$401.4K – $535.2K
NOI $32,110 @ 7.0% cap · market cap 2.71%
Theoretical Best
Office A
$1.43M
$1.25M – $1.67M
NOI $100,113 @ 7.0% cap · market cap 8.46%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,688
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
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Multi-level duplex featuring multiple kitchens, updated bathrooms, and flexible living areas.
Where is this duplex located?
The property is located at 1532 124th Street College Point, NY.
What is the asking price?
The asking price for this property is $1,183,000.
What are key features of this property?
This property features: Six bedrooms and four full bathrooms; Finished basement provides additional usable space; Multiple kitchens across a multi‑level layout
