1417 117TH Street, New York, NY, 11356
$1,600,000
activeBedrooms
5
Bathrooms
5
Lot Size
2,500 sqft
Year Built
2020
Garage
1 car
Type
Multi Family
Estimate. Actual payment depends on credit, lender, taxes, and insurance.
A strong buy-and-hold investment property in College Point, Queens, especially for someone who wants stable rental income with minimal immediate work. Key investment positives: • Newer construction (2020): Lower near-term capital expenditure risk (roof, plumbing, electric, structure all relatively new), which typically improves cash flow. • Fully brick, three above-ground levels plus Finished basement, Brick and newer construction are attractive to lenders and tenants, and the basement with a separate entrance can boost effective income if used legally within zoning and code limits. • Two-family setup with separate meters: Separate electric, gas, and boilers are ideal for an investor because tenants can pay their own utilities, reducing your operating expenses and simplifying rent structures. • No-renovation, tenant-occupied: You can collect rent from day one after closing, which reduces vacancy risk and stabilizes early cash flow; this is common in College Point multifamily trades marketed as “turnkey.” • Modern amenities (split-system AC in each room): Ductless split systems are energy-efficient and quiet, which improves tenant satisfaction and can justify stronger rents compared with older walk-ups relying on window units or no AC. This configuration supports multiple income streams and flexibility for owner-occupancy plus rental, or pure investment. • Parking and laundry: Two parking spaces and a dedicated laundry room are high-value amenities in this part of Queens, where on-street parking can be challenging and in-unit or on-site laundry is a frequent tenant demand. • Transit and retail proximity: A short walk to Q26, Q20, and Q25 buses, all connecting directly to Flushing, makes the location attractive to commuters who rely on bus-to-subway access; proximity to College Point Plaza, supermarkets, banks, and restaurants increases walkability and tenant appeal.
Listed by Yanan Eill, E Realty International Corp
Listings courtesy of OneKey® MLS as distributed by MLS GRIDBased on information submitted to the MLS GRID as of Mar 25, 2026, 7:14 AM UTC (date and time MLS GRID Data was obtained). 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.
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