Duplex with Upper-Unit
New
For Sale
$1,288,888
Pending
20-13 124th Street, College Point, NY 11356
Two three-bedroom residences sit above a finished basement with separate entrances.
Property Size2,036 SF
Days on Market4
Property Features for 20-13 124th Street
General Information
Standard status
Pending
Size
2,036 SF
Property subtype
Residential Income
Units
Unit Mix
2 x 3BR/2BA
Multifamily Units
2
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$12,379
Amenities
balcony
Finished,Full
4
Yes
6
First Floor Bedroom,First Floor Full Bath,Primary Bathroom
Finished, Full
Public
No
Driveway, Garage
2036
Building Details
Building Size
2,036 SF
Year Built
2004
Buildings
1
Construction
brick
Listing Agency:
Keller Williams Rlty Landmark
(516) 703-2918
Listed By:
Randy Kral
Source:
Hedgestonehomes
Added: Oct 29
Last Checked: Oct 29 at 2:37PM
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 Keller Williams Rlty Landmark
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Investment Insights
Based on property information with market context.
Built in 2004, this 2,036-square-foot brick duplex contains two residences, each with three bedrooms, two full bathrooms, a combined living and dining room, an open kitchen, and oak flooring. The upper residence also has a balcony. A finished basement adds a large family room, half bathroom, closet storage, recessed lighting, tiled floors, and two separate entrances. Mechanical equipment includes two boilers and two hot water tanks.
The property is near schools, shops, and transportation. A driveway and garage provide on-site vehicle access.
The property is near schools, shops, and transportation. A driveway and garage provide on-site vehicle access.
Key Highlights
- Two residences, each with three bedrooms and two full bathrooms
- 2,036‑square‑foot brick duplex built in 2004
- Finished basement with family room, half bathroom, and two separate entrances
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$49,769
Cap Rate
3.86%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$995,380
$995.4K
Cap Rate 7%
$710,986
$711.0K
Cap Rate 9%
$552,989
$553.0K
Market Conditions
NOI Build-Up for 2,036 SF
Gross rent
$94.1K $46.20/SF
− Vacancy
−$3.6K −$1.76/SF
EGI
$90.5K $44.44/SF
− OpEx
−$40.7K −$20.00/SF
NOI
$49.8K $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%
$995,380
Cap Rate 7%
$710,986
Cap Rate 9%
$552,989
Alternative Uses
Best Use
Apartment 5plus
$711.0K
$622.1K – $829.5K
NOI $49,769 @ 7.0% cap · market cap 3.86%
Second Best
Multifamily LT 5
$481.4K
$421.2K – $561.7K
NOI $33,699 @ 7.0% cap · market cap 2.61%
Theoretical Best
Office A
$1.50M
$1.31M – $1.75M
NOI $105,067 @ 7.0% cap · market cap 8.15%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
981
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 sit above a finished basement with separate entrances.
Where is this duplex located?
The property is located at 20-13 124th Street College Point, NY.
What is the asking price?
The asking price for this property is $1,288,888.
What are key features of this property?
This property features: Two residences, each with three bedrooms and two full bathrooms; 2,036‑square‑foot brick duplex built in 2004; Finished basement with family room, half bathroom, and two separate entrances
