4-Unit Apartment
For Sale
$1,129,999
Pending
2236 121st Street, College Point, NY 11356
The four apartments include two one-bedroom units and two two-bedroom units.
Property Size3,480 SF
Days on Market9
Property Features for 2236 121st Street
General Information
Standard status
Pending
Size
3,480 SF
Property subtype
Residential Income
Taxes and HOA fees
Annual Taxes
$13,894
Amenities
Partially Finished,Storage Space,Walk-Out Access
Hardwood,Linoleum,Wood
4
Yes
6
First Floor Bedroom,First Floor Full Bath,Eat-in Kitchen
Partially Finished, Storage Space, Walk-Out Access
No
Back Yard,Chain Link
Public
On Street
Lighting,Mailbox,Rain Gutters
Block
3480
Building Details
Building Size
3,480 SF
Year Built
1931
Listing Agency:
Suydam Agency Inc
(631) 613-8782
Listed By:
Geralda Desir
Source:
Goldcrestrealtygrp
Added: Oct 21
Changed: Oct 28
Last Checked: Oct 28 at 2:42PM
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 Suydam Agency Inc
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Investment Insights
Based on property information with market context.
This 1931 quadplex contains four apartments across two floors, with one one-bedroom and one two-bedroom unit on each level. A walk-up provides access to the roof, while the semi-finished basement offers storage space and a rear walk-out entrance.
Building updates include a gas hot water boiler installed three years ago, a hot water system replaced in 2022, and a new flat roof completed in 2021.
Building updates include a gas hot water boiler installed three years ago, a hot water system replaced in 2022, and a new flat roof completed in 2021.
Key Highlights
- Four apartments: two one‑bedroom units and two two‑bedroom units
- Each floor contains one one‑bedroom apartment and one two‑bedroom apartment
- Semi‑finished basement with storage and a rear walk‑out entrance
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$85,067
Cap Rate
7.53%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,701,340
$1.7M
Cap Rate 7%
$1,215,243
$1.2M
Cap Rate 9%
$945,189
$945.2K
Market Conditions
NOI Build-Up for 3,480 SF
Gross rent
$160.8K $46.20/SF
− Vacancy
−$6.1K −$1.76/SF
EGI
$154.7K $44.44/SF
− OpEx
−$69.6K −$20.00/SF
NOI
$85.1K $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%
$1,701,340
Cap Rate 7%
$1,215,243
Cap Rate 9%
$945,189
Alternative Uses
Best Use
Apartment 5plus
$1.22M
$1.06M – $1.42M
NOI $85,067 @ 7.0% cap · market cap 7.53%
Second Best
Multifamily LT 5
$822.9K
$720.0K – $960.0K
NOI $57,600 @ 7.0% cap · market cap 5.10%
Theoretical Best
Office A
$2.57M
$2.24M – $2.99M
NOI $179,585 @ 7.0% cap · market cap 15.89%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
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
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Quadplex - The four apartments include two one-bedroom units and two two-bedroom units.
Where is this quadplex located?
The property is located at 2236 121st Street College Point, NY.
What is the asking price?
The asking price for this property is $1,129,999.
What are key features of this property?
This property features: Four apartments: two one‑bedroom units and two two‑bedroom units; Each floor contains one one‑bedroom apartment and one two‑bedroom apartment; Semi‑finished basement with storage and a rear walk‑out entrance
