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.
Listed by Jennifer Talley
·
Hampton Estates Realty LLC
·
631-288-6333
Last updated March 25, 2026
·
Source: OneKey #969527
Listing Facts
TypeMulti-family
NeighborhoodCollege Point
Bedrooms10
Bathrooms6
Days on Prevu11
Taxes$20,015.12/year
Amenities
Parking
Location
Mortgage Calculator
Listing History
03/24/2026
Status changed to Active
$1,299,999
03/24/2026
Listed by Hampton Estates Realty LLC
$1,299,999
Estimated Closing Costs
Total
$48,368
Attorney Fees
$4,000
NYC Mansion Tax
$12,999
Title Insurance
$5,850
Bank Attorney
$1,500
Mortgage Recording Tax
$20,019
Other Closing Costs
$4,000
Estimated closing costs are based on the list price of $1,299,999 and a 20% downpayment. These estimates are for indicative purposes only. Actual closing costs may vary for each transaction. See the Closing Costs Calculator for calculations specific to your situation.
Property Details for 22-14 120th Street 6
Exterior
Construction
Number Of Units Total: 6
Year Built: 1931
Construction Materials: Brick, Stucco
Features
Fencing: Chain Link
Road Frontage Type: Municipal
View: Bridge(s), City, Neighborhood, River, Water
Measurements
Building Area Total: 5,316
Building Area Units: Square Feet
Frontage Type: Municipal
Lot Size Acres: 0.11
Lot Size Square Feet: 5,000
Financial
Residential Income
Cap Rate: 7.0
Gross Income: $111,804.00
Operating Expense: $29,815.00
Taxes
Parcel Number: 04195-0032
Tax Annual Amount: $20,015.12
Tax Assessed Value: $416,250.00
Tax Year: 2025
Interior
Features
Flooring: Ceramic Tile, Hardwood, Laminate
Interior Features: First Floor Bedroom, First Floor Full Bath, Built-in Features, Natural Woodwork
Utilities: Cable Available, Electricity Available, Natural Gas Available
Water Source: Public
Frequently Asked Questions
How many bedrooms and bathrooms does this multi-family home have?
There are 10 bedrooms and 6 bathrooms in this multi-family home at 22-14 120th Street 6.
What schools are nearby to 22-14 120th Street 6?
Nearby schools include the Jhs 185 Edward Bleeker Middle School and Flushing High School.
Does this multi-family home have parking?
Yes, there are 3 parking spaces available for 22-14 120th Street 6.
What are the annual taxes for 22-14 120th Street 6?
Annual taxes for this multi-family home are estimated at $20,015.
How does 22-14 120th Street 6 compare to other multi-family homes in College Point?
This multi-family home is listed 6% below the average price for multi-family homes in College Point and has been on the market for 93 less days than the typical home in this area.
22-14 120th Street 6 is a 10-bedroom, 6-bath multi-family home for sale in College Point NY 11356. On Prevu for 11 days at $1,299,999. This residence is located in College Point. The median listing price for multi-family homes in this area is $1,039,998. Nearby schools include Jhs 185 Edward Bleeker Middle School and Flushing High School. The home offers parking. View other multi-family home listings in Queens.
The data relating to real estate for sale on this website comes in part from the IDX
Program of OneKey™ MLS. The source of the displayed data is either the property owner
or public record provided by non-governmental third parties. It is believed to be reliable
but not guaranteed. This information is provided exclusively for consumers’ personal,
non-commercial use. Information Copyright 2026, OneKey™ MLS. All Rights Reserved.
Rebate estimate is indicative only and based on listing price and estimated buyer's agent commission paid by owner, if applicable. Final rebates are subject to Terms of Use and may vary due to final negotiated transaction terms.