Four-Unit
For Sale
$1,888,000
22-12/14 126th Street, College Point, NY 11356
Two attached two-family homes provide flexible residential layouts with separate basement entrances and vacant delivery at closing.
Property Size3,168 SF
Lot Size0.11 Acres
Days on Market67
Property Features for 22-12/14 126th Street
General Information
Standard status
Active
Size
3,168 SF
Lot size
0.11 Acres
Property subtype
Quadruplex
Taxes and HOA fees
Annual Taxes
$12,035
Building Details
Building Size
3,168 SF
Year Built
1901
Buildings
2
Tenancy
Multi
Listing Agency:
LAFFEY REAL ESTATE
Listed By:
Sonia A. Cauchi
(917) 444-2996
Source:
Barbieliteam
Added: Jul 20
Changed: Sep 19
Last Checked: Sep 22 at 9:42PM
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
Investment Insights
Based on property information with market context.
Built in 1901, this four-unit quadplex consists of two attached two-family homes situated on a 5,000-square-foot lot. The property includes a mix of one-, two-, and three-bedroom layouts, offering varied residential configurations. Both buildings feature separate basement entrances, adding functional access to each structure. All four units will be delivered vacant at closing, allowing the next owner to establish occupancy and leasing plans.
The property is located in College Point near P.S. 29, Poppenhusen Playground, neighborhood shopping, restaurants, public transportation, and other local amenities. The two-building configuration combines four residential units on one lot with distinct basement access for each building.
The property is located in College Point near P.S. 29, Poppenhusen Playground, neighborhood shopping, restaurants, public transportation, and other local amenities. The two-building configuration combines four residential units on one lot with distinct basement access for each building.
Key Highlights
- Four residential units across two attached 2‑family homes
- 5,000‑square‑foot lot in College Point
- Mix of one-, two-, and three‑bedroom layouts
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$77,440
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.10%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,548,800
$1.5M
Cap Rate 7%
$1,106,286
$1.1M
Cap Rate 9%
$860,444
$860.4K
Market Conditions
NOI Build-Up for 3,168 SF
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.
Gross rent
$146.4K $46.20/SF
− Vacancy
−$5.6K −$1.76/SF
EGI
$140.8K $44.44/SF
− OpEx
−$63.4K −$20.00/SF
NOI
$77.4K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,548,800
Cap Rate 7%
$1,106,286
Cap Rate 9%
$860,444
Alternative Uses
Best Use
Apartment 5plus
$1.11M
$968.0K – $1.29M
NOI $77,440 @ 7.0% cap · market cap 4.10%
Second Best
Multifamily LT 5
$749.1K
$655.5K – $873.9K
NOI $52,436 @ 7.0% cap · market cap 2.78%
Theoretical Best
Office A
$2.34M
$2.04M – $2.72M
NOI $163,484 @ 7.0% cap · market cap 8.66%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Two attached two-family homes provide flexible residential layouts with separate basement entrances and vacant delivery at closing.
Where is this quadplex located?
The property is located at 22-12/14 126th Street College Point, NY.
What is the asking price?
The asking price for this property is $1,888,000.
What are key features of this property?
This property features: Four residential units across two attached 2‑family homes; 5,000‑square‑foot lot in College Point; Mix of one-, two-, and three‑bedroom layouts
