Duplex with Finished
New
For Sale
$1,798,000
Pending
6-12 125th Street, College Point, NY 11356
Two units offer six bedrooms and five bathrooms in a residential income property.
Property Size4,000 SF
Days on Market4
Property Features for 6-12 125th Street
General Information
Standard status
Pending
Size
4,000 SF
Property subtype
Residential Income
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$14,760
Amenities
gourmet kitchens
full finished basement
central air
ample parking
large backyard
4
No
6
Other
Public
1
Detached
Building Details
Year Built
2016
Listing Agency:
(516) 703-2918
Listed By:
Matthew Dubinsky
Source:
Hedgestonehomes
Added: Oct 26
Changed: Oct 28
Last Checked: Oct 28 at 9:18AM
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 Matthew Dubinsky
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Investment Insights
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Built in 2016, this 4,000-square-foot duplex has two units with open-concept living areas and kitchens. The property includes six bedrooms and five bathrooms, along with a finished basement that adds interior space. Central air, parking, and a backyard are also part of the property.
Key Highlights
- 4,000‑square‑foot duplex built in 2016
- Two units with six bedrooms and five bathrooms
- Finished basement
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$97,778
Cap Rate
5.44%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,955,560
$2.0M
Cap Rate 7%
$1,396,829
$1.4M
Cap Rate 9%
$1,086,422
$1.1M
Market Conditions
NOI Build-Up for 4,000 SF
Gross rent
$184.8K $46.20/SF
− Vacancy
−$7.0K −$1.76/SF
EGI
$177.8K $44.44/SF
− OpEx
−$80.0K −$20.00/SF
NOI
$97.8K $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%
$1,955,560
Cap Rate 7%
$1,396,829
Cap Rate 9%
$1,086,422
Alternative Uses
Best Use
Apartment 5plus
$1.40M
$1.22M – $1.63M
NOI $97,778 @ 7.0% cap · market cap 5.44%
Second Best
Multifamily LT 5
$945.8K
$827.6K – $1.10M
NOI $66,206 @ 7.0% cap · market cap 3.68%
Theoretical Best
Office A
$2.95M
$2.58M – $3.44M
NOI $206,419 @ 7.0% cap · market cap 11.48%
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
412
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 - Two units offer six bedrooms and five bathrooms in a residential income property.
Where is this duplex located?
The property is located at 6-12 125th Street College Point, NY.
What is the asking price?
The asking price for this property is $1,798,000.
What are key features of this property?
This property features: 4,000‑square‑foot duplex built in 2016; Two units with six bedrooms and five bathrooms; Finished basement
