2-Unit Brick
For Sale
$1,890,000
18-34 120th Street, College Point, NY 11356
Two three-bedroom residences are complemented by a finished lower level and a private rooftop patio.
Property Size2,563 SF
Lot Size0.08 Acres
Price / SF$737.42
Days on Market66
Property Features for 18-34 120th Street
General Information
Standard status
Active
Size
2,563 SF
Lot size
0.08 Acres
Property subtype
Multi Family Home
Units
Unit Mix
2 x 3BR/2BA
Multifamily Units
2
Amenities
rooftop deck
private yard
radiant heated basement
summer kitchen
Building Details
Year Built
2024
Buildings
1
Stories
2
Construction
all-brick
Listing Agency:
CRYSTIN & CO REALTY LLC
Listed By:
Crystin Drowlette
(518) 986-5484
Source:
Crystinandcorealty
Added: Aug 20
Changed: Oct 23
Last Checked: Oct 23 at 3:57PM
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 CRYSTIN & CO REALTY LLC
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Investment Insights
Based on property information with market context.
Completed in 2024, this all-brick duplex contains two residences, each with three bedrooms and two full bathrooms. The property offers 2,563 square feet of finished living area on a 3,500-square-foot lot. A full finished basement adds radiant heat, a separate side entrance, a full bathroom, laundry space, a summer kitchen, and access to the private backyard.
A private rooftop patio looks toward the Manhattan skyline. The property is located at 18-34 120th Street in College Point, Queens.
A private rooftop patio looks toward the Manhattan skyline. The property is located at 18-34 120th Street in College Point, Queens.
Key Highlights
- 2024 all‑brick construction
- Two residences, each with 3 bedrooms and 2 full bathrooms
- 2,563 SF of finished living area on a 3,500 SF lot
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$62,651
Cap Rate
3.31%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,253,020
$1.3M
Cap Rate 7%
$895,014
$895.0K
Cap Rate 9%
$696,122
$696.1K
Market Conditions
NOI Build-Up for 2,563 SF
Gross rent
$118.4K $46.20/SF
− Vacancy
−$4.5K −$1.76/SF
EGI
$113.9K $44.44/SF
− OpEx
−$51.3K −$20.00/SF
NOI
$62.7K $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%
$1,253,020
Cap Rate 7%
$895,014
Cap Rate 9%
$696,122
Alternative Uses
Best Use
Apartment 5plus
$895.0K
$783.1K – $1.04M
NOI $62,651 @ 7.0% cap · market cap 3.31%
Second Best
Multifamily LT 5
$606.0K
$530.3K – $707.0K
NOI $42,422 @ 7.0% cap · market cap 2.24%
Theoretical Best
Office A
$1.89M
$1.65M – $2.20M
NOI $132,263 @ 7.0% cap · market cap 7.00%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,475
Businesses Nearby
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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
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two three-bedroom residences are complemented by a finished lower level and a private rooftop patio.
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; Two residences, each with 3 bedrooms and 2 full bathrooms; 2,563 SF of finished living area on a 3,500 SF lot
