4-Unit Attached Multifamily
22-12 126th Street, Queens, NY 11356
For Sale
$1,999,000
Pending
Two attached residential buildings each contain a pair of apartments, with separate basement entrances.
Property Size3,168 SF
Lot Size0.11 Acres
Days on Market114
Property Features for 22-12 126th Street
General Information
Standard status
Size
Lot size
Property subtype
Additional Details
Public Transit
Multifamily Units
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Buildings
Listing Agency:
Laffey Real Estate NYC LLC
Listed By:
Philip C Laffey · License NY #10491206601
(516) 626-1500
Source:
Irynaferenets
Added: Jul 20
Changed: Nov 9
Last Checked: Nov 9 at 7:59PM
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 Laffey Real Estate NYC LLC
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Investment Insights
Based on property information with market context.
This four-unit property comprises two attached residential buildings on a 5,000-square-foot lot. The combined property size is 3,168 square feet, and the apartments offer a mix of one-, two-, and three-bedroom layouts. Each building has its own basement entrance. All four units are scheduled to be vacant at closing.
The property is near P.S. 29, Poppenhusen Playground, neighborhood retail and dining, and public transportation. The two-building configuration and varied apartment layouts are defining features of the asset.
The property is near P.S. 29, Poppenhusen Playground, neighborhood retail and dining, and public transportation. The two-building configuration and varied apartment layouts are defining features of the asset.
Key Highlights
- Four residential units across two attached buildings
- 5,000‑square‑foot lot; property size is 3,168 square feet
- Apartment layouts include one-, two-, and three‑bedroom options
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$78,284
Cap Rate
3.92%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,565,680
$1.6M
Cap Rate 7%
$1,118,343
$1.1M
Cap Rate 9%
$869,822
$869.8K
Market Conditions
NOI Build-Up for 3,168 SF
Gross rent
$121.7K $38.40/SF
− Vacancy
−$9.8K −$3.10/SF
EGI
$111.8K $35.30/SF
− OpEx
−$33.6K −$10.59/SF
NOI
$78.3K $24.71/SF
Area
Queens County, NY
Vacancy
8.07%
Lease Rate
$38.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,565,680
Cap Rate 7%
$1,118,343
Cap Rate 9%
$869,822
Alternative Uses
Best Use
Multifamily LT 5
$1.12M
$978.6K – $1.30M
NOI $78,284 @ 7.0% cap · market cap 3.92%
Second Best
Apartment 5plus
$1.11M
$968.0K – $1.29M
NOI $77,440 @ 7.0% cap · market cap 3.87%
Theoretical Best
Office A
$2.34M
$2.04M – $2.72M
NOI $163,484 @ 7.0% cap · market cap 8.18%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
1,659
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
$893,100
Median Home Value
Market
Average Price Trend$/SF for Quadplexes in Queens, NY
Properties on Market for Quadplexes in Queens
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Quadplex - Two attached residential buildings each contain a pair of apartments, with separate basement entrances.
Where is this quadplex located?
The property is located at 22-12 126th Street Queens, NY.
What is the asking price?
The asking price for this property is $1,999,000.
What are key features of this property?
This property features: Four residential units across two attached buildings; 5,000‑square‑foot lot; property size is 3,168 square feet; Apartment layouts include one-, two-, and three‑bedroom options
