Brick Two-Family
921 127th Street, College Point, NY 11356
For Sale
$1,298,000
Two separate gas meters and two electricity meters support the property's two-family configuration.
Property Size1,900 SF
Price / SF$683.16
Days on Market17
Property Features for 921 127th Street
General Information
Standard status
Size
Property subtype
Site & Location
Public Transit
Utilities to Site
Units
Multifamily Units
Individually Metered Utilities
Taxes and HOA fees
Annual Taxes
Amenities
Hardwood Floors Throughout
Finished Basement with full bath
Large backyard
Gas heat
First Floor Bedroom
First Floor Full Bath
Building Details
Building Size
Year Built
Units
Construction
Listing Agency:
H N L Realty Inc
Listed By:
Ling Ling Wu
(516) 822-1222
Source:
Georgemcknight
Added: Oct 23
Changed: Nov 7
Last Checked: Nov 7 at 3:14PM
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 H N L Realty Inc
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Investment Insights
Based on property information with market context.
This brick duplex in College Point is arranged as a two-family residence. The first floor has a kitchen, two bedrooms and a full bathroom; the second floor contains a living room, dining area, kitchen, two bedrooms and a full bathroom. Hardwood flooring extends throughout, and the finished basement includes another full bathroom. The property has gas heat and a large backyard.
Bus service, a school, a park and shopping are nearby. The residence was built in 1960.
Bus service, a school, a park and shopping are nearby. The residence was built in 1960.
Key Highlights
- Two‑family brick duplex with separate gas and electricity meters for each unit
- First floor includes a kitchen, two bedrooms and a full bathroom
- Second floor has a living room, dining area, kitchen, two bedrooms and a full bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$46,444
Cap Rate
3.58%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$928,880
$928.9K
Cap Rate 7%
$663,486
$663.5K
Cap Rate 9%
$516,044
$516.0K
Market Conditions
NOI Build-Up for 1,900 SF
Gross rent
$87.8K $46.20/SF
− Vacancy
−$3.3K −$1.76/SF
EGI
$84.4K $44.44/SF
− OpEx
−$38.0K −$20.00/SF
NOI
$46.4K $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%
$928,880
Cap Rate 7%
$663,486
Cap Rate 9%
$516,044
Alternative Uses
Best Use
Apartment 5plus
$663.5K
$580.6K – $774.1K
NOI $46,444 @ 7.0% cap · market cap 3.58%
Second Best
Multifamily LT 5
$449.3K
$393.1K – $524.1K
NOI $31,448 @ 7.0% cap · market cap 2.42%
Theoretical Best
Office A
$1.40M
$1.23M – $1.63M
NOI $98,049 @ 7.0% cap · market cap 7.55%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Lease Details
2
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,462
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
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Market
Properties on Market for Duplexes in College Point
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two separate gas meters and two electricity meters support the property's two-family configuration.
Where is this duplex located?
The property is located at 921 127th Street College Point, NY.
What is the asking price?
The asking price for this property is $1,298,000.
What are key features of this property?
This property features: Two‑family brick duplex with separate gas and electricity meters for each unit; First floor includes a kitchen, two bedrooms and a full bathroom; Second floor has a living room, dining area, kitchen, two bedrooms and a full bathroom
