Newer All-Brick Duplex with Rooftop
For Sale
Contact for pricing
18-34 120th Street, College Point, NY 11356
Two full-floor residences pair with a finished lower level, private yard, and rooftop outdoor space.
Property Size3,500 SF
Lot Size0.08 Acres
Price / SF$540
Days on Market11
Property Features for 18-34 120th Street
General Information
Standard status
Active
Size
3,500 SF
Lot size
0.08 Acres
Property subtype
Mixed Use
Units
Unit Mix
2 x 3BR/2BA
Multifamily Units
2
Amenities
rooftop deck
private backyard
Building Details
Year Built
2024
Buildings
1
Construction
all-brick
Listing Agency:
East Coast New York Inc.
(917) 974-0992
Listed By:
Eric Li · License #10301218578
Source:
Crexi
Added: Aug 21
Changed: Aug 30
Last Checked: Aug 30 at 2:01AM
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 East Coast New York Inc.
Investment Insights
Based on property information with market context.
Completed in 2024, this all-brick duplex offers 2,563 SF of finished living area across two primary residences and a finished lower level. The first- and second-floor apartments each provide three bedrooms and two full bathrooms, with contemporary interiors, open living areas, natural light, and closet storage. A full basement adds a private side entrance, bathroom, laundry area, summer kitchen, and access to the backyard.
Outdoor amenities include a 3,500 SF lot with private yard space and a rooftop patio oriented toward Manhattan skyline views. The property is located at 18-34 120th Street in College Point, NY 11356.
Outdoor amenities include a 3,500 SF lot with private yard space and a rooftop patio oriented toward Manhattan skyline views. The property is located at 18-34 120th Street in College Point, NY 11356.
Key Highlights
- 2024 all‑brick construction
- 2,563 SF of finished living area
- Two units, each with 3 bedrooms and 2 full bathrooms
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
$85,555
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
4.53%
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%
$1,711,100
$1.7M
Cap Rate 7%
$1,222,214
$1.2M
Cap Rate 9%
$950,611
$950.6K
Market Conditions
NOI Build-Up for 3,500 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
$161.7K $46.20/SF
− Vacancy
−$6.1K −$1.76/SF
EGI
$155.6K $44.44/SF
− OpEx
−$70.0K −$20.00/SF
NOI
$85.6K $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 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%
$1,711,100
Cap Rate 7%
$1,222,214
Cap Rate 9%
$950,611
Alternative Uses
Best Use
Apartment 5plus
$1.22M
$1.07M – $1.43M
NOI $85,555 @ 7.0% cap · market cap 4.53%
Second Best
Multifamily LT 5
$827.6K
$724.1K – $965.5K
NOI $57,931 @ 7.0% cap · market cap 3.07%
Theoretical Best
Office A
$2.58M
$2.26M – $3.01M
NOI $180,617 @ 7.0% cap · market cap 9.56%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
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
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 - Two full-floor residences pair with a finished lower level, private yard, and rooftop outdoor space.
Where is this duplex located?
The property is located at 18-34 120th Street College Point, NY.
What is the asking price?
The asking price for this property is $1,890,000.
What are key features of this property?
This property features: 2024 all‑brick construction; 2,563 SF of finished living area; Two units, each with 3 bedrooms and 2 full bathrooms
