All-Brick Two-Family
For Sale
$1,830,000
9-24 129th Street, College Point, NY 11356
Legal two-family residence with separate entrances, two kitchens, a finished basement, garage, and driveway.
Property Size2,278 SF
Lot Size0.11 Acres
Price / SF$803.34
Days on Market51
Property Features for 9-24 129th Street
General Information
Standard status
Active
Size
2,278 SF
Lot size
0.11 Acres
Property subtype
Duplex
Site & Location
Public Transit
Yes
Utilities to Site
Yes
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$12,632
Building Details
Building Size
2,278 SF
Year Built
2019
Buildings
1
Construction
all-brick
Listing Agency:
E Realty International Corp
Listed By:
Hsin Yuan Yang · License #10311205376
(646) 688-8998
Source:
Serhant
Added: Sep 14
Changed: Nov 2
Last Checked: Nov 1 at 3:01PM
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 E Realty International Corp
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Investment Insights
Based on property information with market context.
This semi-attached, all-brick duplex is configured as a legal two-family home with approximately 2,278 SF of building area on a 5,000 SF lot. The layout includes 7 bedrooms and 3 full bathrooms across the upper levels, along with two kitchens and separate entrances. A finished basement with its own entrance adds usable space, while the property also includes a private garage and driveway.
Separate utilities are supported by 3 electric meters and 2 gas meters. The property is in College Point near shopping, dining, transportation, and everyday amenities, with Q25 bus service providing access to Flushing Main Street. Its configuration supports extended or multi-generational living, owner occupancy, or investment use.
Separate utilities are supported by 3 electric meters and 2 gas meters. The property is in College Point near shopping, dining, transportation, and everyday amenities, with Q25 bus service providing access to Flushing Main Street. Its configuration supports extended or multi-generational living, owner occupancy, or investment use.
Key Highlights
- Legal two‑family home with 7 bedrooms and 3 full bathrooms
- Approximately 2,278 SF building on a 5,000 SF lot
- Two kitchens and separate entrances support flexible occupancy
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$55,684
Cap Rate
3.04%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,113,680
$1.1M
Cap Rate 7%
$795,486
$795.5K
Cap Rate 9%
$618,711
$618.7K
Market Conditions
NOI Build-Up for 2,278 SF
Gross rent
$105.2K $46.20/SF
− Vacancy
−$4.0K −$1.76/SF
EGI
$101.2K $44.44/SF
− OpEx
−$45.6K −$20.00/SF
NOI
$55.7K $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%
$1,113,680
Cap Rate 7%
$795,486
Cap Rate 9%
$618,711
Alternative Uses
Best Use
Apartment 5plus
$795.5K
$696.1K – $928.1K
NOI $55,684 @ 7.0% cap · market cap 3.04%
Second Best
Multifamily LT 5
$538.6K
$471.3K – $628.4K
NOI $37,705 @ 7.0% cap · market cap 2.06%
Theoretical Best
Office A
$1.68M
$1.47M – $1.96M
NOI $117,556 @ 7.0% cap · market cap 6.42%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
944
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
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Legal two-family residence with separate entrances, two kitchens, a finished basement, garage, and driveway.
Where is this duplex located?
The property is located at 9-24 129th Street College Point, NY.
What is the asking price?
The asking price for this property is $1,830,000.
What are key features of this property?
This property features: Legal two‑family home with 7 bedrooms and 3 full bathrooms; Approximately 2,278 SF building on a 5,000 SF lot; Two kitchens and separate entrances support flexible occupancy
