BEDS10
BATHS6 full
MLS#969527
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
SCHOOLQueens 25
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.
Property Features
Property Type: Multi Unit - Multiple
Basement: Full, Storage Space, Unfinished, Walk-Out Access
Basement: Yes
Cooling: Wall/Window Unit(s)
Heating: Natural Gas, Separate Meters
Lot Size: 0.11 Acres
Taxes: $20,015
Year Built: 1931
Amenities
First Floor Bedroom
First Floor Full Bath
Built-in Features
Natural Woodwork
Feature Descriptions
Building Area Total: 5316
Cap Rate: 7
Days on Site: 111
Exterior: Brick, Stucco
Fencing: Chain Link
Flooring: Ceramic Tile, Hardwood, Laminate
Heating Units: 6
Heating Zones: 6
Laundry: In Basement
On Market Date: 2026-03-24
Parcel Number: 04195-0032
Parking Features: Driveway
Parking Total: 3
Rental Term: Monthly
Road Responsibility: Public Maintained Road
Security: yes
Security Features: Fire Alarm, Fire Escape, Fire Sprinkler System, Security System, Video Cameras
Separate Electric Meters: 1
Separate Gas Meters: 6
Sewer: Public Sewer
Special View Info: Bridge(s), City, Neighborhood, River, Water
Tenant Pays: Electricity, Gas
Units: 6
Utilities: Cable Available, Electricity Available, Natural Gas Available
Water: Public
Local Schools
High School: Flushing High School
Middle School: Jhs 185 Edward Bleeker
School District: Queens 25
Listed By / Shown By
Listing By
Agency Name: Hampton Estates Realty LLC
Agency Contact: 631-288-6333
Shown By
Agency Title: Joyce Realty
Agency Phone: (800-275-5692)
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Estimated Payment
$ 4,940.32 per month $2,893.24 Principal & Interest $1,667.92 Property Tax $379.17 Homeowner's InsuranceChange Payment Information
Local Information
Corporate Headquarters
7 E Central Ave, Unit 15, Pearl River, NY 10965Phone: 800-ASK-JOYCE (800-275-5692)
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22-14 120th Street, Unit 6 | MLS# 969527
This multi-family property located at 22-14 120th Street, Unit 6, College Point, NY 11356 is currently listed for sale with an asking price of $1,299,999. 22-14 120th Street, Unit 6 is located within the Queens 25 school district. Search College Point real estate on www.joycerealty.com today.