Fully Renovated Duplex Townhouse with Private
For Sale
$1,068,000
408 121st Street Unit 26, Flushing, NY 11356
Fully renovated two-family condo townhouse with private garage, backyard space, and a 2-bedroom and 3-bedroom layout.
Days on Market65
Property Features for 408 121st Street Unit 26
General Information
Standard status
Active
Total Parking Spaces
1
Property subtype
Duplex
Additional Details
Highway Access
Yes
Amenities
private backyard
Building Details
Building Size
2,200 SF
Year Built
1981
Buildings
1
Stories
2
Tenancy
Multi
Listing Agency:
EXP Realty
(917) 655-9408
Listed By:
Jinping Lin
Source:
Barbieliteam
Added: May 29
Changed: Jul 31
Last Checked: Aug 1 at 10:57AM
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 EXP Realty
Investment Insights
Based on property information with market context.
Fully renovated two-family condo townhouse offering a flexible layout and private outdoor and parking amenities. The first floor features two bedrooms, a full bathroom, and a private garage. The second floor provides three bedrooms, two full bathrooms, and high ceilings with excellent natural light. A private backyard space adds room for outdoor enjoyment, supporting a range of living styles.
Set in the College Point neighborhood, the home is described as being in a quiet and scenic residential setting. It is close to waterfront parks and recreation, with minutes to Flushing downtown. Access is highlighted to LaGuardia Airport and major highways including I-495 and I-678.
Built in 1981 and presented as move-in ready with modern finishes throughout, this duplex property can serve end users looking for multi-generational living or buyers interested in a two-unit configuration.
Set in the College Point neighborhood, the home is described as being in a quiet and scenic residential setting. It is close to waterfront parks and recreation, with minutes to Flushing downtown. Access is highlighted to LaGuardia Airport and major highways including I-495 and I-678.
Built in 1981 and presented as move-in ready with modern finishes throughout, this duplex property can serve end users looking for multi-generational living or buyers interested in a two-unit configuration.
Key Highlights
- First‑floor unit: two bedrooms, full bathroom, and a private garage
- Second‑floor unit: three bedrooms, two full bathrooms, high ceilings, and natural light
- Private backyard space for outdoor enjoyment
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $101.6k | $46.20 |
| − Vacancy | −$3.9k | −$1.76 |
| EGI | $97.8k | $44.44 |
| − OpEx | −$44.0k | −$20.00 |
| NOI | $53.8k | $24.44 |
2,200 SF · lease $46.20/SF/yr · vacancy 3.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$768.3K
$672.2K – $896.3K
NOI $53,778 @ 7.0% cap · market cap 5.04%
Second Best
Multifamily LT 5
$520.2K
$455.2K – $606.9K
NOI $36,414 @ 7.0% cap · market cap 3.41%
Theoretical Best
Office A
$1.62M
$1.42M – $1.89M
NOI $113,531 @ 7.0% cap · market cap 10.63%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,726
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Fully renovated two-family condo townhouse with private garage, backyard space, and a 2-bedroom and 3-bedroom layout.
Where is this duplex located?
The property is located at 408 121st Street Unit 26 Flushing, NY.
What is the asking price?
The asking price for this property is $1,068,000.
What are key features of this property?
This property features: First‑floor unit: two bedrooms, full bathroom, and a private garage; Second‑floor unit: three bedrooms, two full bathrooms, high ceilings, and natural light; Private backyard space for outdoor enjoyment
