Two-Unit Duplex with
For Sale
$1,199,888
103-45 106th Street, Ozone Park, NY 11417
Residential Income, Ozone Park, NY
Property Size2,080 SF
Lot Size0.05 Acres
Price / SF$576.87
Days on Market29
Property Features for 103-45 106th Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
6
Bathrooms
3
Full bathrooms
3
Rooms
Bathroom 2, Bathroom 3, Bedroom 3, Basement, Bedroom 5, Bathroom 1, Bedroom 6, Bedroom 1, Bedroom 4, Bedroom 2
Parking features
Driveway
Interior features
First Floor Bedroom
Basement
Full
Elementary school
Ps 65 Raymond York Elem Sch
Middle school
Ms 137 America'S School-Heroes
High school
John Adams High School
Elementary school district
Queens 27
Middle school district
Queens 27
High school district
Queens 27
Standard status
Active
APN
09511-0048
Lot size
0.05 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
7340
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas
Water source
Public
Building Details
Year built
1930
Number of units
2
Building materials
Vinyl Siding
Listing Agency:
ERA/Top Service Realty Inc · ERA Real Estate
(718) 464-5800
Listed By:
Abdool N. Rahaman · License #10301205296
(917) 687-0252
Added: Aug 11
Changed: Sep 1
Last Checked: Sep 8 at 2:06AM
MLS# 1037974
Copyright © 2026 OneKey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This two-family duplex provides approximately 2,080 sq. ft. of living space across two stories, with two residential units and a full basement. The home includes a first-floor bedroom, three bathrooms, vinyl siding, natural gas heating, a private driveway, and public water and sewer service. Built in 1930, it sits on a 23' x 100' lot.
The property is located in Ozone Park near shopping, restaurants, schools, public transportation, and major roadways. Its two-unit layout supports residential income use and may also accommodate an owner-occupant or extended-family arrangement, as described in the property information.
The property is located in Ozone Park near shopping, restaurants, schools, public transportation, and major roadways. Its two-unit layout supports residential income use and may also accommodate an owner-occupant or extended-family arrangement, as described in the property information.
Key Highlights
- Approximately 2,080 sq. ft. of living space
- Two residential units in a two‑story duplex
- Full basement and first‑floor bedroom
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$50,844
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.24%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,016,880
$1.0M
Cap Rate 7%
$726,343
$726.3K
Cap Rate 9%
$564,933
$564.9K
Market Conditions
NOI Build-Up for 2,080 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$96.1K $46.20/SF
− Vacancy
−$3.7K −$1.76/SF
EGI
$92.4K $44.44/SF
− OpEx
−$41.6K −$20.00/SF
NOI
$50.8K $24.44/SF
Area
Queens County, NY
Vacancy
3.80%
Lease Rate
$46.20 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,016,880
Cap Rate 7%
$726,343
Cap Rate 9%
$564,933
Alternative Uses
Best Use
Apartment 5plus
$726.3K
$635.6K – $847.4K
NOI $50,844 @ 7.0% cap · market cap 4.24%
Second Best
Multifamily LT 5
$491.8K
$430.3K – $573.8K
NOI $34,427 @ 7.0% cap · market cap 2.87%
Theoretical Best
Office A
$1.53M
$1.34M – $1.79M
NOI $107,338 @ 7.0% cap · market cap 8.95%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
3,339
Businesses Nearby
Explore this area
Business Placement
Demographics for 11417, NY
31,229
Population
9,855
Households
3.2
Avg Household Size
38
Median Age
25%
College-Educated
78%
High-School Grad
1.1 sq mi
ZIP Area
28,390
Density / Sq Mi
$86,330
Median Household Income
$42,193
Median Earnings
$1,853
Median Rent
$731,900
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two-story configuration includes a full basement, driveway, and first-floor bedroom.
Where is this duplex located?
The property is located at 103-45 106th Street Ozone Park, NY.
What is the asking price?
The asking price for this property is $1,199,888.
What are key features of this property?
This property features: Approximately 2,080 sq. ft. of living space; Two residential units in a two‑story duplex; Full basement and first‑floor bedroom
