Duplex with Saltwater
For Sale
$1,399,000
2219 120th Street, College Point, NY 11356
Two residences pair updated kitchens and bathrooms with a private patio, pool, garage, and driveway.
Property Size2,244 SF
Price / SF$623.44
Days on Market10
Property Features for 2219 120th Street
General Information
Standard status
Active
Size
2,244 SF
Property subtype
Residential Income
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$13,079
Amenities
pool
patio
laundry area
Common,Finished,Walk-Out Access
Ceramic Tile,Hardwood,Wood
6
Yes
4
Storm Window(s)
First Floor Bedroom,First Floor Full Bath,Ceiling Fan(s),Eat-in Kitchen,Entrance Foyer,Formal Dining,Granite Counters,Kitchen Island,Marble Counters,Open Floorplan,Open Kitchen,Pantry
Common, Finished, Walk-Out Access
First Floor Bedroom,First Floor Full Bath,Ceiling Fan(s),Eat-in Kitchen,Entrance Foyer,Formal Dining,Granite Counters,Kitchen Island,Marble Counters,Open Floorplan,Open Kitchen,Pantry,Primary Bathroo
Back Yard,Fenced
All appliances,washer,dryer,AC units
Public
2
No
Driveway, Garage, On Street
Mailbox
2244
Building Details
Building Size
2,244 SF
Year Built
2004
Buildings
1
Listing Agency:
Coldwell Banker Realty
(631) 613-8782
Listed By:
Geralda Desir
Source:
Goldcrestrealtygrp
Added: Oct 20
Changed: Oct 28
Last Checked: Oct 28 at 4:01PM
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 Coldwell Banker Realty
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Investment Insights
Based on property information with market context.
This 2,244-square-foot duplex, built in 2004, contains two residences. The upper home has two bedrooms and two full bathrooms, plus a loft with a half bath, laundry, and patio access. Its kitchen and primary bedroom have been renovated, and the bathrooms, lighting, and flooring have also been updated. The first-floor residence includes an updated kitchen, appliances, flooring, and bathroom. A finished walk-out basement adds a half bath and laundry area.
Outdoor features include a fenced backyard, patio, and 10-by-15-foot semi-above-ground saltwater pool. Parking is provided by a one-car garage and private driveway, with on-street parking also available. The property is in College Point, with views of LaGuardia Airport and the New York City skyline.
The hot water heater was replaced in 2020, the pool liner in 2022, and the roof in approximately 2013.
Outdoor features include a fenced backyard, patio, and 10-by-15-foot semi-above-ground saltwater pool. Parking is provided by a one-car garage and private driveway, with on-street parking also available. The property is in College Point, with views of LaGuardia Airport and the New York City skyline.
The hot water heater was replaced in 2020, the pool liner in 2022, and the roof in approximately 2013.
Key Highlights
- Two‑family duplex with 2,244 square feet of property size
- Upper residence has 2 bedrooms, 2 full baths, and a loft with half bath and laundry
- Finished walk‑out basement with half bath and laundry area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$54,853
Cap Rate
3.92%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,097,060
$1.1M
Cap Rate 7%
$783,614
$783.6K
Cap Rate 9%
$609,478
$609.5K
Market Conditions
NOI Build-Up for 2,244 SF
Gross rent
$103.7K $46.20/SF
− Vacancy
−$3.9K −$1.76/SF
EGI
$99.7K $44.44/SF
− OpEx
−$44.9K −$20.00/SF
NOI
$54.9K $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%
$1,097,060
Cap Rate 7%
$783,614
Cap Rate 9%
$609,478
Alternative Uses
Best Use
Apartment 5plus
$783.6K
$685.7K – $914.2K
NOI $54,853 @ 7.0% cap · market cap 3.92%
Second Best
Multifamily LT 5
$530.6K
$464.3K – $619.0K
NOI $37,142 @ 7.0% cap · market cap 2.65%
Theoretical Best
Office A
$1.65M
$1.45M – $1.93M
NOI $115,801 @ 7.0% cap · market cap 8.28%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,756
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 residences pair updated kitchens and bathrooms with a private patio, pool, garage, and driveway.
Where is this duplex located?
The property is located at 2219 120th Street College Point, NY.
What is the asking price?
The asking price for this property is $1,399,000.
What are key features of this property?
This property features: Two‑family duplex with 2,244 square feet of property size; Upper residence has 2 bedrooms, 2 full baths, and a loft with half bath and laundry; Finished walk‑out basement with half bath and laundry area
