Two-Family Duplex with
For Sale
$1,198,888
2347 125th Street, College Point, NY 11356
Two-level layout includes updated baths, two kitchens, a basement, and off-street parking.
Property Size1,800 SF
Lot Size0.07 Acres
Days on Market50
Property Features for 2347 125th Street
General Information
Standard status
Active
Size
1,800 SF
Lot size
0.07 Acres
Property subtype
Duplex
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$8,721
Building Details
Building Size
1,800 SF
Year Built
1930
Stories
2
Listing Agency:
Douglas Elliman Real Estate
Listed By:
Andrea Sorrentino E-PRO
(516) 639-2596
Source:
Barbieliteam
Added: Sep 10
Changed: Oct 27
Last Checked: Oct 28 at 6:19PM
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 Douglas Elliman Real Estate
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Investment Insights
Based on property information with market context.
This two-family duplex was built in 1930 and provides five bedrooms and two full baths across two levels. Interior features include hardwood floors, spacious living rooms, and kitchens on both floors with granite countertops, tile backsplashes, and substantial cabinetry; one kitchen also has stainless steel appliances. The bathrooms have been updated, and a full unfinished basement adds storage and usable supplemental space.
The property occupies a 2,910-square-foot lot in College Point and includes an elevated rear deck, a detached two-car garage, and parking for approximately 4-5 vehicles. Shopping, dining, transportation, and major roadways are nearby, with access to Flushing, LaGuardia Airport, and other Queens destinations.
The property occupies a 2,910-square-foot lot in College Point and includes an elevated rear deck, a detached two-car garage, and parking for approximately 4-5 vehicles. Shopping, dining, transportation, and major roadways are nearby, with access to Flushing, LaGuardia Airport, and other Queens destinations.
Key Highlights
- Two‑family duplex with five bedrooms and two full baths
- 2,910‑square‑foot lot with a full unfinished basement
- Two kitchens with granite countertops, tile backsplashes, and generous cabinetry
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$44,000
Cap Rate
3.67%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$880,000
$880.0K
Cap Rate 7%
$628,571
$628.6K
Cap Rate 9%
$488,889
$488.9K
Market Conditions
NOI Build-Up for 1,800 SF
Gross rent
$83.2K $46.20/SF
− Vacancy
−$3.2K −$1.76/SF
EGI
$80.0K $44.44/SF
− OpEx
−$36.0K −$20.00/SF
NOI
$44.0K $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%
$880,000
Cap Rate 7%
$628,571
Cap Rate 9%
$488,889
Alternative Uses
Best Use
Apartment 5plus
$628.6K
$550.0K – $733.3K
NOI $44,000 @ 7.0% cap · market cap 3.67%
Second Best
Multifamily LT 5
$425.6K
$372.4K – $496.6K
NOI $29,793 @ 7.0% cap · market cap 2.49%
Theoretical Best
Office A
$1.33M
$1.16M – $1.55M
NOI $92,889 @ 7.0% cap · market cap 7.75%
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
1,811
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-level layout includes updated baths, two kitchens, a basement, and off-street parking.
Where is this duplex located?
The property is located at 2347 125th Street College Point, NY.
What is the asking price?
The asking price for this property is $1,198,888.
What are key features of this property?
This property features: Two‑family duplex with five bedrooms and two full baths; 2,910‑square‑foot lot with a full unfinished basement; Two kitchens with granite countertops, tile backsplashes, and generous cabinetry
