Renovated Two-Family
For Sale
$1,480,000
Pending
1814 120th Street, College Point, NY 11356
A legal two-family layout includes a finished basement, a second-floor balcony, and an attic that can be divided into two rooms.
Property Size2,148 SF
Days on Market9
Property Features for 1814 120th Street
General Information
Standard status
Pending
Size
2,148 SF
Property subtype
Residential Income
Additional Details
Public Transit
Yes
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$5,318
Amenities
Finished,Full
6
Yes
7
First Floor Bedroom,First Floor Full Bath,Other
Finished, Full
Public
No
2148
Building Details
Building Size
2,148 SF
Year Built
1910
Listing Agency:
(516) 703-2918
Listed By:
Barbara Murray
Source:
Hedgestonehomes
Added: Oct 21
Changed: Oct 28
Last Checked: Oct 28 at 3:13PM
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 Barbara Murray
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Investment Insights
Based on property information with market context.
This legal two-family duplex has approved plans and a renovated interior with new electrical, plumbing, and gas systems. The first floor contains four bedrooms, a living room, two full bathrooms, and a half bath. The second floor has three bedrooms, a living room, a full bathroom, a half bath, and a large balcony. The attic can be partitioned into two additional rooms. A finished basement includes a large room, high ceilings, and a full bathroom. The property was built in 1910.
The home is two blocks from College Point’s main street, near restaurants, supermarkets, banks, and shops. Q20B, Q26, and Q76 bus service is nearby.
The home is two blocks from College Point’s main street, near restaurants, supermarkets, banks, and shops. Q20B, Q26, and Q76 bus service is nearby.
Key Highlights
- Legal two‑family property with approved plans
- Updated electrical, plumbing, and gas systems
- First floor: 4 bedrooms, living room, 2 full bathrooms, and 1 half bath
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$52,507
Cap Rate
3.55%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,050,140
$1.1M
Cap Rate 7%
$750,100
$750.1K
Cap Rate 9%
$583,411
$583.4K
Market Conditions
NOI Build-Up for 2,148 SF
Gross rent
$99.2K $46.20/SF
− Vacancy
−$3.8K −$1.76/SF
EGI
$95.5K $44.44/SF
− OpEx
−$43.0K −$20.00/SF
NOI
$52.5K $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%
$1,050,140
Cap Rate 7%
$750,100
Cap Rate 9%
$583,411
Alternative Uses
Best Use
Apartment 5plus
$750.1K
$656.3K – $875.1K
NOI $52,507 @ 7.0% cap · market cap 3.55%
Second Best
Multifamily LT 5
$507.9K
$444.4K – $592.6K
NOI $35,553 @ 7.0% cap · market cap 2.40%
Theoretical Best
Office A
$1.58M
$1.39M – $1.85M
NOI $110,847 @ 7.0% cap · market cap 7.49%
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
1,756
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
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - A legal two-family layout includes a finished basement, a second-floor balcony, and an attic that can be divided into two rooms.
Where is this duplex located?
The property is located at 1814 120th Street College Point, NY.
What is the asking price?
The asking price for this property is $1,480,000.
What are key features of this property?
This property features: Legal two‑family property with approved plans; Updated electrical, plumbing, and gas systems; First floor: 4 bedrooms, living room, 2 full bathrooms, and 1 half bath
