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22-14 120th Street #6, College Pt, NY, 11356

10beds
6baths
5,316sqft
$1,299,999
$245price/sqft
$8,576/moest. monthly cost
$343,040/yrincome needed

About This Home

Excellent opportunity to acquire a 6-unit income-producing property located in the desirable College Point neighborhood of Queens. This well-maintained multifamily building presents a strong investment opportunity with stable rental income and long-term upside. The property features an ideal unit mix consisting of two 1-bedroom apartments on the first floor and four 2-bedroom apartments located on the second and third floors, offering strong tenant appeal and consistent rental demand. Currently generating over $111,000 in annual gross rental income, the property offers investors an approximate 6.3% cap rate, making it an attractive addition to any investment portfolio. Conveniently located in College Point, the property is close to shopping, restaurants, parks, schools, and public transportation, with easy access to Downtown Flushing, major highways, and LaGuardia Airport. This area continues to experience strong rental demand due to its convenient location and vibrant community.

Getting Around

83
WalkingVery Walkable
0
TransitVery Limited Transit
47
BikeSomewhat Bikeable

Schools

6/10
Ps 29Grades PK-50.3 mi
7/10
Jhs 185 Edward BleekerGrades 6-81.6 mi
4/10
Flushing High SchoolGrades 9-121.5 mi

Construction

Condition

  • Year built: 1931

Materials

  • Construction materials: Brick,Stucco

Type & Style

  • Home type: MultiFamily
  • Property subType: Quadruplex,Multi Family

Interior

Appliances

  • Laundry features: In Basement

Basement

  • Has basement: Yes
  • Basement: Full,Storage Space,Unfinished,Walk-Out Access

Bedrooms & Bathrooms

  • Bedrooms: 10
  • Bathrooms: 6
  • Full bathrooms: 6

Features

  • First Floor Bedroom,First Floor Full Bath,Built-in Features,Natural Woodwork
  • Flooring: Ceramic Tile,Hardwood,Laminate

Heating & Cooling

  • Heating features: Has Heating (Unspecified Type)
  • Cooling features: Wall/Window Unit(s)

Interior Area

  • Total structure area: 5,316
  • Total interior livable area: 5,316 sqft

Property

Details

  • Parcel number: 041950032
  • Special condition: None

Features

  • Fencing: Chain Link
  • Has view: Yes
  • View description: Bridge(s),City,Neighborhood,River,Water
  • Has water view: Yes
  • Water view: River,Water

Lot

  • Lot size: 5,000 sqft

Parking

  • Total spaces: 3
  • Parking features: Driveway
  • Has uncovered spaces: Yes