Three-Story Duplex
343 Soundview Lane, College Point, NY 11356
For Sale
$1,568,000
Pending
Legal two-family residence with private outdoor space, attached parking, and separate living areas across multiple levels.
Property Size3,036 SF
Days on Market54
Property Features for 343 Soundview Lane
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Additional Details
Public Transit
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
in-unit washer & dryer
private balcony
backyard access
Building Details
Building Size
Year Built
Stories
Listing Agency:
E Realty International Corp
Listed By:
Hsin Yuan Yang · License #10311205376
(646) 688-8998
Source:
Serhant
Added: Sep 16
Changed: Oct 31
Last Checked: Nov 6 at 6:18PM
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 E Realty International Corp
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Investment Insights
Based on property information with market context.
This legal two-family residence was built in 2009 and is arranged across three floors. The first-floor unit includes one bedroom, one full bath, a living room, dining area, in-unit washer and dryer, and direct access to the backyard. It also has an attached garage and one additional parking space in front.
The upper residence includes three bedrooms and two full baths on the second floor, with a living room, kitchen, private balcony, and washer and dryer. The third floor adds three bedrooms and one full bath. The property is in College Point, near shopping, restaurants, schools, parks, and public transportation.
The upper residence includes three bedrooms and two full baths on the second floor, with a living room, kitchen, private balcony, and washer and dryer. The third floor adds three bedrooms and one full bath. The property is in College Point, near shopping, restaurants, schools, parks, and public transportation.
Key Highlights
- Legal 2‑family home built in 2009
- First‑floor unit with 1 bedroom and 1 full bath
- Upper residence includes 3 bedrooms and 2 full baths
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$74,213
Cap Rate
4.73%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,484,260
$1.5M
Cap Rate 7%
$1,060,186
$1.1M
Cap Rate 9%
$824,589
$824.6K
Market Conditions
NOI Build-Up for 3,036 SF
Gross rent
$140.3K $46.20/SF
− Vacancy
−$5.3K −$1.76/SF
EGI
$134.9K $44.44/SF
− OpEx
−$60.7K −$20.00/SF
NOI
$74.2K $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%
$1,484,260
Cap Rate 7%
$1,060,186
Cap Rate 9%
$824,589
Alternative Uses
Best Use
Apartment 5plus
$1.06M
$927.7K – $1.24M
NOI $74,213 @ 7.0% cap · market cap 4.73%
Second Best
Multifamily LT 5
$717.9K
$628.1K – $837.5K
NOI $50,251 @ 7.0% cap · market cap 3.20%
Theoretical Best
Office A
$2.24M
$1.96M – $2.61M
NOI $156,672 @ 7.0% cap · market cap 9.99%
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
399
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
Properties on Market for Duplexes in College Point
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Legal two-family residence with private outdoor space, attached parking, and separate living areas across multiple levels.
Where is this duplex located?
The property is located at 343 Soundview Lane College Point, NY.
What is the asking price?
The asking price for this property is $1,568,000.
What are key features of this property?
This property features: Legal 2‑family home built in 2009; First‑floor unit with 1 bedroom and 1 full bath; Upper residence includes 3 bedrooms and 2 full baths
