Brick Duplex with
84-33 120th Street, Kew Gardens, NY 11415
For Sale
$1,699,999
Pending
Residential Income, Kew Gardens, NY
Property Size3,100 SF
Lot Size0.13 Acres
Days on Market97
Property Features for 84-33 120th Street
General Information
Property type
Property subtype
Bedrooms
Bathrooms
Full bathrooms
Rooms
Subdivision
Standard status
Lot size
Additional Details
Tenant in Place
Taxes and HOA fees
Tax Annual Amount
Building Details
Floors in Building
Buildings
Listing Agency:
METROPOLITAN BROKERS INC
(718) 200-8222
Listed By:
Daniel Eivazov
Added: Aug 5
Changed: Nov 3
Last Checked: Nov 9 at 2:06PM
MLS# 11920993
Copyright © 2026 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This legal two-family, all-brick residence includes approximately 3,100 square feet of existing building area, a full basement, multiple garages, and extensive driveway parking. The layout includes three bedrooms over three bedrooms over one bedroom. One upper apartment is occupied, while the other apartments are vacant; the basement and detached garages are used for storage. The property was built in 1973.
Located at 84-33 120th Street in Kew Gardens, Queens, the parcel measures approximately 5,600 square feet, with 30' x 170' dimensions. Parking includes an attached garage, front driveway, additional side driveway, and a detached 3-car garage.
The R6B-zoned property has an approximately 10,464-square-foot maximum buildable area, compared with the existing structure’s approximately 3,100 square feet. Buyers should verify development parameters with an architect and the NYC Department of Buildings.
Located at 84-33 120th Street in Kew Gardens, Queens, the parcel measures approximately 5,600 square feet, with 30' x 170' dimensions. Parking includes an attached garage, front driveway, additional side driveway, and a detached 3-car garage.
The R6B-zoned property has an approximately 10,464-square-foot maximum buildable area, compared with the existing structure’s approximately 3,100 square feet. Buyers should verify development parameters with an architect and the NYC Department of Buildings.
Key Highlights
- Legal 2‑family, all‑brick building constructed in 1973
- Approximately 5,600 sq. ft. lot measuring 30' x 170'
- Approximately 3,100 sq. ft. existing building with full basement
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$76,603
Cap Rate
4.51%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,532,060
$1.5M
Cap Rate 7%
$1,094,329
$1.1M
Cap Rate 9%
$851,144
$851.1K
Market Conditions
NOI Build-Up for 3,100 SF
Gross rent
$119.0K $38.40/SF
− Vacancy
−$9.6K −$3.10/SF
EGI
$109.4K $35.30/SF
− OpEx
−$32.8K −$10.59/SF
NOI
$76.6K $24.71/SF
Area
Queens County, NY
Vacancy
8.07%
Lease Rate
$38.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,532,060
Cap Rate 7%
$1,094,329
Cap Rate 9%
$851,144
Alternative Uses
Best Use
Multifamily LT 5
$1.09M
$957.5K – $1.28M
NOI $76,603 @ 7.0% cap · market cap 4.51%
Second Best
Apartment 5plus
$1.08M
$947.2K – $1.26M
NOI $75,778 @ 7.0% cap · market cap 4.46%
Theoretical Best
Office A
$2.29M
$2.00M – $2.67M
NOI $159,975 @ 7.0% cap · market cap 9.41%
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
2,928
Businesses Nearby
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Business Placement
Demographics for 11415, NY
20,241
Population
9,794
Households
2.1
Avg Household Size
41
Median Age
53%
College-Educated
89%
High-School Grad
0.6 sq mi
ZIP Area
33,735
Density / Sq Mi
$88,632
Median Household Income
$60,950
Median Earnings
$1,909
Median Rent
$367,900
Median Home Value
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Market
Properties on Market for Duplexes in Queens County
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Legal two-family residence with vacant apartments, basement storage, and substantial off-street parking.
Where is this duplex located?
The property is located at 84-33 120th Street Kew Gardens, NY.
What is the asking price?
The asking price for this property is $1,699,999.
What are key features of this property?
This property features: Legal 2‑family, all‑brick building constructed in 1973; Approximately 5,600 sq. ft. lot measuring 30' x 170'; Approximately 3,100 sq. ft. existing building with full basement
