Renovated Brick
For Sale
$915,000
132-20 82nd Street, Ozone Park, NY 11417
Residential, Duplex - Reversed, Ozone Park, NY
Property Size1,288 SF
Lot Size0.05 Acres
Price / SF$710.40
Days on Market143
Property Features for 132-20 82nd Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R4-1
Bedrooms
4
Bathrooms
3
Full bathrooms
1
Half bathrooms
1
Rooms
Bedroom 1, Bathroom 1, Bedroom 2, Bathroom 3, Bedroom 4, Bedroom 3, Bathroom 2
Interior features
Stove
Basement
Finished, Full
Subdivision
Ozone Park
Standard status
Active
Size
1,288 SF
Lot size
0.05 Acres
Taxes and HOA fees
Tax Annual Amount
6700
Building Details
Year built
1940
Number of units
2
Flooring type
Tile, Hardwood
Building materials
Brick
Roof type
Flat
Architectural style
Other
Listing Agency:
Metro Realty Professionals
Listed By:
Jian Yang (Carey)
(718) 838-2600
Added: Apr 15
Changed: Aug 31
Last Checked: Sep 4 at 1:06PM
MLS# 500539
Copyright © 2026 Brooklyn New York Multiple Listing Service. 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 1,288-square-foot brick duplex, built in 1940, has been renovated with two residential units and a practical multi-level arrangement. The lower and main-floor residence includes a living room, three bedrooms with closets, a modern kitchen with granite counters and island cabinetry, a half bathroom, and a full bathroom. The upper unit offers a living room, one oversized bedroom with double closets, a contemporary kitchen with granite work surfaces and island seating, and a three-quarter bathroom. Tile and hardwood flooring are installed throughout portions of the home, with stove appliances included.
The 0.0503-acre property includes a shared driveway and a private rear yard accommodating two to three cars. R4-1 zoning applies. Supermarkets, restaurants, banks, laundry services, schools, and other daily necessities are located nearby, while the A train is within a short distance. Resorts World Casino Hotel is 2 miles away.
The 0.0503-acre property includes a shared driveway and a private rear yard accommodating two to three cars. R4-1 zoning applies. Supermarkets, restaurants, banks, laundry services, schools, and other daily necessities are located nearby, while the A train is within a short distance. Resorts World Casino Hotel is 2 miles away.
Key Highlights
- Two‑family brick residence with 1,288 square feet
- Renovated layout includes two kitchens and 3 bathrooms
- Lower and main‑floor unit offers 3 bedrooms
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
$31,484
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
3.44%
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%
$629,680
$629.7K
Cap Rate 7%
$449,771
$449.8K
Cap Rate 9%
$349,822
$349.8K
Market Conditions
NOI Build-Up for 1,288 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
$59.5K $46.20/SF
− Vacancy
−$2.3K −$1.76/SF
EGI
$57.2K $44.44/SF
− OpEx
−$25.8K −$20.00/SF
NOI
$31.5K $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%
$629,680
Cap Rate 7%
$449,771
Cap Rate 9%
$349,822
Alternative Uses
Best Use
Apartment 5plus
$449.8K
$393.6K – $524.7K
NOI $31,484 @ 7.0% cap · market cap 3.44%
Second Best
Multifamily LT 5
$304.5K
$266.5K – $355.3K
NOI $21,318 @ 7.0% cap · market cap 2.33%
Theoretical Best
Office A
$949.5K
$830.8K – $1.11M
NOI $66,467 @ 7.0% cap · market cap 7.26%
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
1,946
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 - Updated two-family residence with separate living areas, modern kitchens, and a private rear yard with vehicle parking.
Where is this duplex located?
The property is located at 132-20 82nd Street Ozone Park, NY.
What is the asking price?
The asking price for this property is $915,000.
What are key features of this property?
This property features: Two‑family brick residence with 1,288 square feet; Renovated layout includes two kitchens and 3 bathrooms; Lower and main‑floor unit offers 3 bedrooms
