4-Unit
2114 College Point Boulevard, College Point, NY 11356
For Sale
$1,900,000
Four apartments each include three bedrooms, a living room, and an eat-in kitchen.
Property Size4,032 SF
Days on Market12
Property Features for 2114 College Point Boulevard
General Information
Standard status
Size
Property subtype
Additional Details
Multifamily Units
Tenant in Place
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Listing Agency:
Signature Premier Properties
Listed By:
Joy R. Buscemi SFR
(516) 429-7958
Source:
Serhant
Added: Oct 28
Changed: Nov 3
Last Checked: Nov 6 at 6:48PM
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 Signature Premier Properties
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Investment Insights
Based on property information with market context.
Built in 1931, this quadplex contains four apartments, each arranged with a living room, eat-in kitchen, and three bedrooms. Each unit has a separate gas heating system, with the tenant responsible for that unit’s gas heating expense.
Three apartments are occupied and one is vacant. The property is not rent controlled.
Three apartments are occupied and one is vacant. The property is not rent controlled.
Key Highlights
- Four apartments, each with three bedrooms, a living room, and an eat‑in kitchen
- Separate gas heating system in each apartment; tenants pay their own gas heating expenses
- Three apartments occupied and one vacant
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$98,560
Cap Rate
5.19%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,971,200
$2.0M
Cap Rate 7%
$1,408,000
$1.4M
Cap Rate 9%
$1,095,111
$1.1M
Market Conditions
NOI Build-Up for 4,032 SF
Gross rent
$186.3K $46.20/SF
− Vacancy
−$7.1K −$1.76/SF
EGI
$179.2K $44.44/SF
− OpEx
−$80.6K −$20.00/SF
NOI
$98.6K $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 Rate 5%
$1,971,200
Cap Rate 7%
$1,408,000
Cap Rate 9%
$1,095,111
Alternative Uses
Best Use
Apartment 5plus
$1.41M
$1.23M – $1.64M
NOI $98,560 @ 7.0% cap · market cap 5.19%
Second Best
Multifamily LT 5
$953.4K
$834.2K – $1.11M
NOI $66,736 @ 7.0% cap · market cap 3.51%
Theoretical Best
Office A
$2.97M
$2.60M – $3.47M
NOI $208,071 @ 7.0% cap · market cap 10.95%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
4
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
$893,100
Median Home Value
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Market
Average Price Trend$/SF for Quadplexes in Queens County, NY
Properties on Market for Quadplexes in Queens County
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Quadplex - Four apartments each include three bedrooms, a living room, and an eat-in kitchen.
Where is this quadplex located?
The property is located at 2114 College Point Boulevard College Point, NY.
What is the asking price?
The asking price for this property is $1,900,000.
What are key features of this property?
This property features: Four apartments, each with three bedrooms, a living room, and an eat‑in kitchen; Separate gas heating system in each apartment; tenants pay their own gas heating expenses; Three apartments occupied and one vacant
