6-Bedroom Duplex
For Sale
$850,000
Pending
517 College Point Boulevard, College Point, NY 11356
Duplex-style residence with driveway parking and a substantial bedroom layout.
Property Size1,856 SF
Days on Market50
Property Features for 517 College Point Boulevard
General Information
Standard status
Pending
Size
1,856 SF
Property subtype
Duplex
Taxes and HOA fees
Annual Taxes
$7,678
Building Details
Building Size
1,856 SF
Year Built
1930
Listing Agency:
Island Advantage Realty LLC
Listed By:
Todd A. Yovino · License #49YO0956714
(631) 351-6000
Source:
Serhant
Added: Sep 16
Changed: Oct 31
Last Checked: Nov 3 at 2:06PM
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 Island Advantage Realty LLC
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Investment Insights
Based on property information with market context.
Built in 1930, this duplex-style residence includes 6 bedrooms, 2 full bathrooms, and driveway parking. The property is located at 517 College Point Boulevard in College Point, New York.
Key Highlights
- 6‑bedroom duplex‑style residence
- 2 full bathrooms
- Driveway parking
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$45,369
Cap Rate
5.34%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$907,380
$907.4K
Cap Rate 7%
$648,129
$648.1K
Cap Rate 9%
$504,100
$504.1K
Market Conditions
NOI Build-Up for 1,856 SF
Gross rent
$85.7K $46.20/SF
− Vacancy
−$3.3K −$1.76/SF
EGI
$82.5K $44.44/SF
− OpEx
−$37.1K −$20.00/SF
NOI
$45.4K $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%
$907,380
Cap Rate 7%
$648,129
Cap Rate 9%
$504,100
Alternative Uses
Best Use
Apartment 5plus
$648.1K
$567.1K – $756.2K
NOI $45,369 @ 7.0% cap · market cap 5.34%
Second Best
Multifamily LT 5
$438.9K
$384.0K – $512.0K
NOI $30,720 @ 7.0% cap · market cap 3.61%
Theoretical Best
Office A
$1.37M
$1.20M – $1.60M
NOI $95,779 @ 7.0% cap · market cap 11.27%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
986
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 - Duplex-style residence with driveway parking and a substantial bedroom layout.
Where is this duplex located?
The property is located at 517 College Point Boulevard College Point, NY.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: 6‑bedroom duplex‑style residence; 2 full bathrooms; Driveway parking
