2-Unit Duplex with
5-15 123rd Street, College Point, NY 11356
For Sale
$1,490,000
Separate living areas occupy two floors, with a finished basement, private entry, and a one-car garage.
Property Size1,900 SF
Price / SF$784.21
Days on Market19
Property Features for 5-15 123rd Street
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Zoning
Units
Unit Mix
Multifamily Units
Additional Details
Public Transit
Taxes and HOA fees
Annual Taxes
Amenities
backyard
Finished,Full
4
Yes
5
First Floor Bedroom,First Floor Full Bath
Finished, Full
Public
No
Driveway, Garage
1900
Building Details
Building Size
Year Built
Buildings
Listing Agency:
Jamie Realty Group
(516) 703-2918
Listed By:
Amandeep Kakar
Source:
Hedgestonehomes
Added: Oct 21
Changed: Nov 7
Last Checked: Nov 7 at 1:15PM
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 Jamie Realty Group
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Investment Insights
Based on property information with market context.
Built in 1989, this duplex has two residential units. The first-floor unit includes a living and dining room, kitchen, two bedrooms, and one full bathroom. Upstairs, the second unit offers a living and dining room, kitchen, three bedrooms, and two full bathrooms. A finished basement with a separate entrance adds another full bathroom. The property also has a one-car garage and backyard space.
The home is at 5-15 123rd Street in College Point, with shops, restaurants, parks, and schools nearby. The Q25 bus is also close by. The property is zoned R3A.
The home is at 5-15 123rd Street in College Point, with shops, restaurants, parks, and schools nearby. The Q25 bus is also close by. The property is zoned R3A.
Key Highlights
- Two residential units with 2‑bedroom and 3‑bedroom layouts
- Building dimensions: 21x50; lot dimensions: 30x100
- R3A zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$46,444
Cap Rate
3.12%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$928,880
$928.9K
Cap Rate 7%
$663,486
$663.5K
Cap Rate 9%
$516,044
$516.0K
Market Conditions
NOI Build-Up for 1,900 SF
Gross rent
$87.8K $46.20/SF
− Vacancy
−$3.3K −$1.76/SF
EGI
$84.4K $44.44/SF
− OpEx
−$38.0K −$20.00/SF
NOI
$46.4K $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%
$928,880
Cap Rate 7%
$663,486
Cap Rate 9%
$516,044
Alternative Uses
Best Use
Apartment 5plus
$663.5K
$580.6K – $774.1K
NOI $46,444 @ 7.0% cap · market cap 3.12%
Second Best
Multifamily LT 5
$449.3K
$393.1K – $524.1K
NOI $31,448 @ 7.0% cap · market cap 2.11%
Theoretical Best
Office A
$1.40M
$1.23M – $1.63M
NOI $98,049 @ 7.0% cap · market cap 6.58%
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
981
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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Cap Rate, Value Estimation, Potential NOI and more
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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 - Separate living areas occupy two floors, with a finished basement, private entry, and a one-car garage.
Where is this duplex located?
The property is located at 5-15 123rd Street College Point, NY.
What is the asking price?
The asking price for this property is $1,490,000.
What are key features of this property?
This property features: Two residential units with 2‑bedroom and 3‑bedroom layouts; Building dimensions: 21x50; lot dimensions: 30x100; R3A zoning
