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.
141 days
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431
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15
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Zillow last checked:
Listing updated:
Listed by:
Hampton Estates Realty LLC631-288-6333,
Jennifer Talley631-504-7170
Source: OneKey® MLS as distributed by MLS GRID,MLS#: 969527
Facts & features
Interior
Bedrooms & bathrooms
Bedrooms: 10
Bathrooms: 6
Full bathrooms: 6
Heating
Natural Gas, Separate Meters
Cooling
Wall/Window Unit(s)
Appliances
Laundry: In Basement
Features
First Floor Bedroom, First Floor Full Bath, Built-in Features, Natural Woodwork
View description: Bridge(s), City, Neighborhood, River, Water
Has water view: Yes
Water view: River,Water
Lot
Size: 5,000 Square Feet
Details
Parcel number: 041950032
Special conditions: None
Construction
Type & style
Home type: MultiFamily
Property subtype: Quadruplex, Multi Family
Materials
Brick, Stucco
Condition
Year built: 1931
Utilities & green energy
Gas: Separate Gas Meters: 6
Sewer: Public Sewer
Water: Public
Utilities for property: Cable Available, Electricity Available, Natural Gas Available
Community & HOA
Community
Security: Fire Alarm, Fire Escape, Fire Sprinkler System, Security System, Video Cameras
Location
Region: College Pt
Financial & listing details
Price per square foot: $245/sqft
Tax assessed value: $416,250
Annual tax amount: $20,015
Date on market: 3/24/2026
Cumulative days on market: 134 days
Listing agreement: Exclusive Right To Sell
Tenant pays: Electricity, Gas
Electric utility on property: Yes
Estimated market value
Zestimate®
Not available
Estimated sales range
Not available
Rent Zestimate®
Not available
Price history
Date
Event
Price
3/24/2026
Listed for sale
$1,299,999$245/sqft
Source: OneKey® MLS as distributed by MLS GRID #969527Report a problem
Public tax history
Tax history is unavailable.
Monthly payment
Estimated monthly payment$1,822
Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included
All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
See how much you could borrow to make a competitive offer.
Source: OneKey® MLS as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.