22-08 120th Street, Queens, NY 11356
MULTI_FAMILY - Queens, NY
- Added:
- Jan 15, 2026
- Days on Market:
- 156
- Last Refresh:
- Jun 20 at 4:06 am
Property Features for 22-08 120th Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Single Family Residence
- Zoning
- R4A
- Bedrooms
- 12
- Bathrooms
- 6
- Rooms
- Bedroom 3, Bedroom 5, Bedroom 7, Bedroom 8, Bathroom 1, Bedroom 9, Bedroom 10, Bedroom 4, Bedroom 1, Bedroom 11, Bathroom 3, Bathroom 5, Bathroom 6, Bathroom 4, Bedroom 2, Bathroom 2, Bedroom 6, Bedroom 12
- Interior features
- A/C Unit, Fireplace, Microwave, Refrigerator, Stove
- Fireplace
- 1
- Basement
- Finished
- Standard status
- Active
- Size
- 4,300 SF
- Lot size
- 0.11 Acres
Taxes and HOA fees
- Tax Annual Amount
- 154730
Building Details
- Year built
- 1931
- Floors in Building
- 3
- Number of units
- 6
- Flooring type
- Tile, Hardwood
- Building materials
- Brick
- Roof type
- Rubber
- Architectural style
- Ranch
Listing agent Sumei Lan License #SL4755 (718) 612-3088
Listing office RE/MAX Edge 1812 Bath Ave, Brooklyn, NY (718) 612-3088
Listing date Jan 15, 2026
Copyright © 2026 Brooklyn New York Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Detached six‑family residence in College Point built in 1931 (brick construction, ranch style)
- Five recently renovated units; all six units have a functional railroad‑style layout with 2 bedrooms and 1 bathroom
- Unit features include hardwood floors, tiled kitchens, and fully tiled bathrooms
- Recent upgrades include a new electrical system and a new roof (rubber roofing)
- Private, fenced‑in driveway with approximately 10 on‑site parking spaces
- Potential for 2–3 vacant units upon closing; reported approximate 6% capitalization rate
Overview
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $198.7k | $46.20 |
| − Vacancy | −$7.5k | −$1.76 |
| EGI | $191.1k | $44.44 |
| − OpEx | −$86.0k | −$20.00 |
| NOI | $105.1k | $24.44 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Queens
- County
- Queens
- State
- New York
- Longitude
- -73.848135
- Latitude
- 40.779882
