Renovated Residential Income
For Sale
Contact for pricing
2-2036 126th St, College Point, NY 11356
First-floor three-bedroom residence with updated finishes, stainless-steel appliances, and individually controlled heating and cooling.
Property Size1,100 SF
Price / SF$2.73
Days on Market41
Property Features for 2-2036 126th St
General Information
Standard status
Active
Size
1,100 SF
Property subtype
Residential Income
Units
Unit Mix
1 x 3BR/2BA
Multifamily Units
1
Additional Details
Highway Access
Yes
Amenities
individual heating and cooling units
stainless-steel appliances
Listing Agency:
BC Realty Group LLC
Listed By:
Anny Yau · License #823004448
(347) 921-2111
Source:
Exprealty
Added: Sep 11
Changed: Oct 10
Last Checked: Oct 20 at 8:52PM
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 BC Realty Group LLC
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This first-floor residential income property contains 1,100 square feet with three bedrooms and two full bathrooms. The interior has undergone a gut renovation with updated finishes, a combined kitchen and living area, stainless-steel appliances, and individual heating and cooling units. Optional parking spaces are available for an additional fee. The residence does not include laundry facilities, and pets and smoking are not permitted. The tenant is responsible for heat, electricity, and gas.
The property is in College Point, Queens, within a residential setting near waterfront areas, parks, neighborhood retail, restaurants, and everyday services. MacNeil Park, Powell’s Cove Park, Flushing, Whitestone, and major roadways are identified as nearby destinations.
The property is in College Point, Queens, within a residential setting near waterfront areas, parks, neighborhood retail, restaurants, and everyday services. MacNeil Park, Powell’s Cove Park, Flushing, Whitestone, and major roadways are identified as nearby destinations.
Key Highlights
- 1,100 SF first‑floor residence
- Three bedrooms and two full bathrooms
- Gut renovation with updated finishes
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,889
Suggested Prices Based on Cap Rates
Cap Rate 5%
$537,780
$537.8K
Cap Rate 7%
$384,129
$384.1K
Cap Rate 9%
$298,767
$298.8K
Market Conditions
NOI Build-Up for 1,100 SF
Gross rent
$50.8K $46.20/SF
− Vacancy
−$1.9K −$1.76/SF
EGI
$48.9K $44.44/SF
− OpEx
−$22.0K −$20.00/SF
NOI
$26.9K $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 Rate 5%
$537,780
Cap Rate 7%
$384,129
Cap Rate 9%
$298,767
Alternative Uses
Best Use
Apartment 5plus
$384.1K
$336.1K – $448.2K
NOI $26,889 @ 7.0% cap · market cap 896.30%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$810.9K
$709.6K – $946.1K
NOI $56,765 @ 7.0% cap · market cap 1,892.17%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
412
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
Frequently Asked Questions
What type of property is this?
Residential income property - First-floor three-bedroom residence with updated finishes, stainless-steel appliances, and individually controlled heating and cooling.
Where is this residential income property located?
The property is located at 2-2036 126th St College Point, NY.
What are key features of this property?
This property features: 1,100 SF first‑floor residence; Three bedrooms and two full bathrooms; Gut renovation with updated finishes
