All-Brick Two-Family
For Sale
$1,588,000
3-24 125th Street Unit 3-22, College Point, NY 11356
Newly built two-family residence with a private driveway, garage, finished basement, and attic.
Property Size2,427 SF
Days on Market188
Property Features for 3-24 125th Street Unit 3-22
General Information
Standard status
Active
Size
2,427 SF
Property subtype
Duplex
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$8,000
Amenities
hardwood floor
central A/C
finished basement
finished attic
private driveway
oversized garage
Building Details
Building Size
2,427 SF
Year Built
2025
Buildings
1
Construction
all-brick
Listing Agency:
Winzone Realty Inc
Listed By:
Chung Kit Cheung
(646) 942-8477
Source:
Barbieliteam
Added: Apr 14
Changed: Oct 6
Last Checked: Oct 16 at 4:11PM
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 Winzone Realty Inc
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Investment Insights
Based on property information with market context.
Built in 2025, this all-brick duplex is arranged as a two-family home with 6 bedrooms and 5 bathrooms across a 20-by-52 building footprint. Interior features include hardwood flooring and central A/C, with a finished street-level basement offering 9-foot height and a finished stand-up attic with 8-foot height. Three electric meters serve the property.
The home is located at 3-24 125th Street 3-22 in College Point, NY 11356. A private driveway and garage provide on-site vehicle access, while the basement and attic add finished areas beyond the primary living floors. The three-and-a-half-story configuration supports the property's two-family layout and provides a substantial residential income property profile.
The home is located at 3-24 125th Street 3-22 in College Point, NY 11356. A private driveway and garage provide on-site vehicle access, while the basement and attic add finished areas beyond the primary living floors. The three-and-a-half-story configuration supports the property's two-family layout and provides a substantial residential income property profile.
Key Highlights
- All‑brick two‑family duplex built in 2025
- 6 bedrooms and 5 bathrooms
- 20x52 building size with 3.5‑story configuration
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$59,327
Cap Rate
3.74%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,186,540
$1.2M
Cap Rate 7%
$847,529
$847.5K
Cap Rate 9%
$659,189
$659.2K
Market Conditions
NOI Build-Up for 2,427 SF
Gross rent
$112.1K $46.20/SF
− Vacancy
−$4.3K −$1.76/SF
EGI
$107.9K $44.44/SF
− OpEx
−$48.5K −$20.00/SF
NOI
$59.3K $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%
$1,186,540
Cap Rate 7%
$847,529
Cap Rate 9%
$659,189
Alternative Uses
Best Use
Apartment 5plus
$847.5K
$741.6K – $988.8K
NOI $59,327 @ 7.0% cap · market cap 3.74%
Second Best
Multifamily LT 5
$573.9K
$502.1K – $669.5K
NOI $40,171 @ 7.0% cap · market cap 2.53%
Theoretical Best
Office A
$1.79M
$1.57M – $2.09M
NOI $125,245 @ 7.0% cap · market cap 7.89%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
412
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 - Newly built two-family residence with a private driveway, garage, finished basement, and attic.
Where is this duplex located?
The property is located at 3-24 125th Street Unit 3-22 College Point, NY.
What is the asking price?
The asking price for this property is $1,588,000.
What are key features of this property?
This property features: All‑brick two‑family duplex built in 2025; 6 bedrooms and 5 bathrooms; 20x52 building size with 3.5‑story configuration
