BEDS12
BATHS6 full
MLS#1028365
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
SCHOOLContact Agent
Property Description
Rare investment opportunity in the heart of College Point! This fully detached, three-story, six-family building sits on a generous 5,000 sq. ft. lot and offers incredible income-producing potential. The property features 12 bedrooms, 24 total rooms, 6 kitchens, 6 full bathrooms, and a full basement. Each apartment consists of 2 bedrooms, a living room, a kitchen, and a full bathroom.Five of the six units will be delivered vacant at closing, providing a rare opportunity for an investor or end user to renovate, set market rents, or customize the building to their needs. Only one unit will remain occupied.Includes a 2-car garage, a big backyard, and plenty of extra parking. This property requires a full renovation and is ideal for buyers with vision looking to restore and maximize its value. Opportunities like this are hard to find in College Point. Conveniently located near shopping, restaurants, public transportation, schools, and major highways.
Property Features
Property Type: Multi Unit - Multiple
Basement: Yes
Basement: Partially Finished
Cooling: None
Garage: 2
Heating: Baseboard, Other
Home Style: Colonial
Lot Size: 0.11 Acres
Taxes: $18,435
Year Built: 1931
Amenities
Other
Feature Descriptions
Building Area Total: 5400
Cap Rate: 11103
Exterior: Aluminum Siding
GarageY/N: Yes
Heating Units: 1
Heating Zones: 1
Lot Dimensions: 50x100
On Market Date: 2026-07-22
Parcel Number: 04086-0031
Parking Features: Carport, Detached
Rental Term: Monthly
Separate Electric Meters: 7
Separate Gas Meters: 7
Sewer: Public Sewer
Units: 6
Utilities: Electricity Connected, Sewer Connected, Water Connected
Water: Public
Local Schools
High School: Contact Agent
Elementary School: Contact Agent
School District: Contact Agent
Estimate Your Payment
Estimated Payment
$ 7,018.17 per month $5,182.96 Principal & Interest $1,536.25 Property Tax $298.96 Homeowner's InsuranceChange Payment Information
Listed By / Shown By
Listing By
Agency Name: Realty Executives Today
Agency Contact: 718-274-2400
Shown By
Agent Name: Keith Oringer
Agent Phone: (516) 334-4333
Agency Title: Coldwell Banker American Homes
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1524 124th Street | MLS# 1028365
This multi-family property located at 1524 124th Street , College Point, NY 11356 is currently listed for sale with an asking price of $1,025,000. 124th Street is located within the Contact Agent school district. Search College Point real estate on keithoringer.cbamhomes.com today.