Duplex with Finished
New
For Sale
$1,890,000
7-17 college Place, College Point, NY 11356
Residential Income, College Point, NY
Property Size2,166 SF
Lot Size0.07 Acres
Price / SF$872.58
Days on Market5
Property Features for 7-17 college Place
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Parking features
Driveway
Interior features
First Floor Bedroom, First Floor Full Bath, Eat-in Kitchen
Elementary school
Ps 129 Patricia Larkin
Middle school
Jhs 194 William Carr
High school
Flushing High School
Elementary school district
Queens 25
Middle school district
Queens 25
High school district
Queens 25
Standard status
Active
APN
03942-0004
Lot size
0.07 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
11035
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas
Cooling system
Electric
Water source
Public
Building Details
Year built
2020
Number of units
2
Building materials
Brick
Listing Agency:
E Realty International Corp
(718) 886-8110
Listed By:
Hsin Yuan Yang · License #10311205376
(646) 688-8998
Added: Sep 16
Changed: Sep 17
Last Checked: Sep 20 at 10:06AM
MLS# 1051355
Copyright © 2026 OneKey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Completed in 2020, this legal two-family brick residence contains approximately 2,166 SF on a 3,133 SF lot. The first unit spans the first and second floors with 4 bedrooms and 2.5 bathrooms, while the second occupies the second and third floors with 3 bedrooms and 2 bathrooms. Both units include living rooms, dining areas, eat-in kitchens, and terraces.
Additional space includes a finished attic and a ground-level walk-in area with 2 bedrooms, 2 rooms, 1 bathroom, and its own entrance. The property also offers driveway parking, natural-gas heating, electric cooling, public water, and public sewer. Located in College Point near shopping, restaurants, public transportation, Flushing, Whitestone, and LaGuardia Airport.
Additional space includes a finished attic and a ground-level walk-in area with 2 bedrooms, 2 rooms, 1 bathroom, and its own entrance. The property also offers driveway parking, natural-gas heating, electric cooling, public water, and public sewer. Located in College Point near shopping, restaurants, public transportation, Flushing, Whitestone, and LaGuardia Airport.
Key Highlights
- 2020‑built legal 2‑family home
- Approximately 2,166 SF building on a 3,133 SF lot
- First unit has 4 bedrooms and 2.5 bathrooms; second unit has 3 bedrooms and 2 bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$52,947
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
2.80%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,058,940
$1.1M
Cap Rate 7%
$756,386
$756.4K
Cap Rate 9%
$588,300
$588.3K
Market Conditions
NOI Build-Up for 2,166 SF
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.
Gross rent
$100.1K $46.20/SF
− Vacancy
−$3.8K −$1.76/SF
EGI
$96.3K $44.44/SF
− OpEx
−$43.3K −$20.00/SF
NOI
$52.9K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,058,940
Cap Rate 7%
$756,386
Cap Rate 9%
$588,300
Alternative Uses
Best Use
Apartment 5plus
$756.4K
$661.8K – $882.5K
NOI $52,947 @ 7.0% cap · market cap 2.80%
Second Best
Multifamily LT 5
$512.2K
$448.1K – $597.5K
NOI $35,851 @ 7.0% cap · market cap 1.90%
Theoretical Best
Office A
$1.60M
$1.40M – $1.86M
NOI $111,776 @ 7.0% cap · market cap 5.91%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,475
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Newly built brick two-family property with terraces, driveway parking, and a separate-entry ground-level area.
Where is this duplex located?
The property is located at 7-17 college Place College Point, NY.
What is the asking price?
The asking price for this property is $1,890,000.
What are key features of this property?
This property features: 2020‑built legal 2‑family home; Approximately 2,166 SF building on a 3,133 SF lot; First unit has 4 bedrooms and 2.5 bathrooms; second unit has 3 bedrooms and 2 bathrooms
