22-14 120th Street Unit #6, College Point, NY 11356
- $1,299,999
- 10
- BD
- 6
- BA
- List Price
- $1,299,999
- Status
- ACTIVE
- Bedrooms
- 10
- Bathrooms
- 6
- MLS#
- 969527
Property Description
Six-unit rent Stabilized Queens multifamily with stable in-place income, long-term tenant base, and future upside upon legal vacancy. Ideal for a patient investor seeking a durable NYC income asset. Excellent opportunity located in the desirable College Point neighborhood of Queens. This well-maintained multifamily building presents a strong investment opportunity. 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.
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Additional Information
- Lot Size
- 5000
- Basement
- Full, Storage Space, Unfinished, Walk-Out Access
- Year Built
- 1931
- Waterview
- Yes
- School District
- Queens 25
- Taxes
- $20,015
- Heating
- Natural Gas, Separate Meters
- Parking
- Driveway
- Parking Spaces
- 3
- Water
- Public
- Sewer
- Public Sewer
Mortgage Calculator
Listing courtesy of Listing Agent: Jennifer Talley (jt@hamptonestatesrealty.com) from Listing Office: Hampton Estates Realty LLC.
Listings courtesy of OneKey® MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.