Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    R4-1 Corner Lots Package Deal Title is generated by Realmo AI

    9-02 127th Street, College Point, NY 11356

    View on Map
    Claim this Listing
    For Sale
    $1,328,000

    LAND - College Point, NY

    Lot size:
    0.06 Acres
    Added:
    Apr 8, 2026
    Days on Market:
    39
    Last Refresh:
    May 16 at 5:06 pm

    Property Features for 9-02 127th Street

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    R4-1
    Standard status
    Active
    APN
    03974-0095
    Lot size
    0.06 Acres

    Taxes and HOA fees

    Tax Year
    2026
    Tax Annual Amount
    494

    We can help!

    Listing Contact
    Wenrou Chen

    Listing agent Wenrou Chen

    Listing office Royalux Realty LLC 131-12 40th Road Floor 2, Flushing, NY

    Listing date Apr 8, 2026

    MLS# 982229 Listing URL

    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.

    HighLights

    • Prime investment opportunity: Two adjacent R4‑1 corner lots totaling 5,000 sq ft in College Point.
    • Ideal for developers and long‑term investors.
    • Excellent location: 15 minutes to Flushing, close to Whitepoint Shopping & 20 Ave Plaza.
    • Convenient access to supermarkets, restaurants, and banks.
    • Walking distance to Q25 bus line.
    • Near schools and parks.

    Overview

    This offering presents a prime investment opportunity in College Point, featuring a package deal that includes a neighboring residential property. The offering consists of rare R4-1 corner lots, with each lot measuring 2500 square feet, totaling 5,000 square feet. This property is suitable for developers and long-term investors. The location is approximately 15 minutes from Flushing and offers proximity to Whitepoint Shopping and 20 Ave Plaza, providing access to supermarkets, restaurants, banks, and other amenities. The property is within walking distance to the Q25 bus line and is near schools and parks. The double lots, combined with a mature neighborhood and location, create potential.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Gym & Fitness Center Grocery & Convenience Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    College Point
    County
    Queens
    State
    New York
    Longitude
    -73.841242
    Latitude
    40.789186

    Nearby Similar for Sale

    • $1,680,000
      3,300 SF

      Well-Maintained Two-Family Brick Residence

      Two-family residence in College Point, ideal for owners or investors.
      20-08 125th Street, College Point, NY 11356
      View Details
    • $1,500,000
      3,200 SF

      College Point Income-Producing Industrial Property

      Well-maintained industrial property in College Point, offering stable income.
      124-15 18th Avenue, College Point, NY 11356
      View Details
    • $1,300,000
      2,674 SF

      College Point Two-Family Home

      Two-family home in College Point with parking and yard.
      117-11 14th Road, College Point, NY 11356
      View Details
    • $1,298,000
      3,200 SF

      Turnkey Brick Income Property

      Two-family property in prime waterfront community with high income potential.
      11463 Dalian Court, College Point, NY 11356
      View Details
    • $3,599,999
      5,500 SF

      College Point Warehouses For Sale

      Two warehouses in College Point, one vacant, one rented.
      110-19 and 110-23 15th Avenue, College Point, NY 11356
      View Details
    • $1,599,000
      2,900 SF

      College Point Multifamily Opportunity

      Two-family property in College Point, built around 2015.
      12304 6th Avenue, College Point, NY 11356
      View Details
    • $1,380,000
      3,000 SF

      College Point Two-Family Home

      Move-in ready, income-producing two-family home in College Point.
      1423 116th Street, College Point, NY 11356
      View Details
    • $1,600,000
      1,800 SF

      Spacious Two-Family Home with Upgrades

      Versatile two-family home with income potential in College Point.
      119-28 8th Avenue, College Point, NY 11356
      View Details
    • $1,510,000

      College Point Duplex For Sale

      Well-maintained duplex in College Point, Queens, ideal for investors.
      725 126th Street, College Point, NY 11356
      View Details
    • $1,380,000
      1,000 SF

      College Point Mixed-Use Investment Opportunity

      Semi-detached, renovated mixed-use building with M1-2 zoning in College Point.
      126-01 18TH Avenue, College Point, NY 11356
      View Details
    • $999,000
      2,600 SF

      College Point Two-Family Property

      Income-producing two-family property in prime College Point location.
      12-25 119th Street, College Point, NY 11356
      View Details
    • $2,350,000

      Versatile Warehouse with Office Suite

      Warehouse with office space in thriving College Point, Queens.
      1815 128th Street, College Point, NY 11356
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Prime investment opportunity in College Point, being sold as package.
    Where is this residential land & home lot located?
    The property is located at 9-02 127th Street College Point, NY.
    What is the asking price?
    The asking price for this property is $1,328,000.
    What are key features of this property?
    This property features: Prime investment opportunity: Two adjacent R4‑1 corner lots totaling 5,000 sq ft in College Point.; Ideal for developers and long‑term investors.; Excellent location: 15 minutes to Flushing, close to Whitepoint Shopping & 20 Ave Plaza.
    (347) 536-0888
    We can help!
    Listing Contact
    Wenrou Chen
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    9-02 127th Street, College Point, NY 11356
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!