Duplex With Walk-Out Finished
616 College Place College Point, NY 11356
For Sale
$1,299,998
Two-family duplex with three full baths, a full walk-out finished basement, and an oversized 2-car garage.
Days on Market36
Property Features for 616 College Place
General Information
Standard status
Active
Property subtype
Triplex
Building Details
Year Built
1930
Listing Agency:
Suydam Agency Inc
(718) 359-3964
Listed By:
Anthony Skoros · License #31SK1151456
Source:
Serhant
Added: Jun 25
Changed: Jul 30
Last Checked: Jul 30 at 2:48AM
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 Suydam Agency Inc
Investment Insights
Based on property information with market context.
This two-family duplex is set up with comfort and flexibility, featuring three full baths across the home. A full walk-out finished basement includes a full bath and a family room, offering additional usable space for day-to-day living.
The home is described as very well maintained, with a new roof on the home and garage installed about three years ago. Vinyl siding is in place, and concrete has been replaced. An attic with high ceilings and pull-down stairs adds additional storage options.
For parking and convenience, the property includes a private driveway and an oversized two-car garage. Built in 1930, the layout combines traditional residential character with functional, finished lower-level space.
The home is described as very well maintained, with a new roof on the home and garage installed about three years ago. Vinyl siding is in place, and concrete has been replaced. An attic with high ceilings and pull-down stairs adds additional storage options.
For parking and convenience, the property includes a private driveway and an oversized two-car garage. Built in 1930, the layout combines traditional residential character with functional, finished lower-level space.
Key Highlights
- Three full baths in the two‑family duplex
- Full walk‑out finished basement with a full bath and family room
- New roof on home and garage installed about three years ago
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 | $88.7k | $46.20 |
| − Vacancy | −$3.4k | −$1.76 |
| EGI | $85.3k | $44.44 |
| − OpEx | −$38.4k | −$20.00 |
| NOI | $46.9k | $24.44 |
1,920 SF · lease $46.20/SF/yr · vacancy 3.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$670.5K
$586.7K – $782.2K
NOI $46,933 @ 7.0% cap · market cap 3.61%
Second Best
Multifamily LT 5
$454.0K
$397.2K – $529.7K
NOI $31,779 @ 7.0% cap · market cap 2.44%
Theoretical Best
Office A
$1.42M
$1.24M – $1.65M
NOI $99,081 @ 7.0% cap · market cap 7.62%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Duplex - Two-family duplex with three full baths, a full walk-out finished basement, and an oversized 2-car garage.
Where is this duplex located?
The property is located at 616 College Place College Point, NY.
What is the asking price?
The asking price for this property is $1,299,998.
What are key features of this property?
This property features: Three full baths in the two‑family duplex; Full walk‑out finished basement with a full bath and family room; New roof on home and garage installed about three years ago
