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 Market175
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: Sep 20
Last Checked: Oct 4 at 3:38PM
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
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 = 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
$59,327
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
3.74%
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%
$1,186,540
$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
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
$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 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%
$1,186,540
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.
Property Analytics
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Open Analytics
Current Use
Lease Details
2
Residential units
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
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Market
Vacancy Rate% for Multifamily in Northeast region
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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
