New Construction
For Sale
$1,628,000
150-17 Hawtree Street, Ozone Park, NY 11417
Residential Income, Ozone Park, NY
Property Size2,473 SF
Lot Size0.08 Acres
Price / SF$658.31
Days on Market146
Property Features for 150-17 Hawtree Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Property condition
Under Construction
Bedrooms
6
Bathrooms
5
Full bathrooms
5
Rooms
Bedroom 3, Bedroom 4, Bathroom 1, Bathroom 5, Basement, Bathroom 2, Bedroom 1, Bedroom 5, Bedroom 6, Bathroom 4, Bathroom 3, Bedroom 2
Parking features
Garage, Driveway
Interior features
First Floor Bedroom, First Floor Full Bath, Eat-in Kitchen, Kitchen Island
Basement
Finished, Full
Standard status
Active
APN
11562-0156
Lot size
0.08 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
11175
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating)
Cooling system
Central Air
Water source
Public
Amenities
in-unit laundry
solar panels
central heating and cooling
full basement
Building Details
Year built
2025
Number of units
2
Building materials
Brick
Listing Agency:
E Realty International Corp
(718) 886-8110
Listed By:
Hsin Yuan Yang · License #10311205376
(646) 688-8998
Added: Mar 30
Changed: Aug 20
Last Checked: Aug 22 at 3:06PM
MLS# 978512
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 under-construction duplex is a 2025 brick residence with two distinct living levels. The first floor includes 3 bedrooms and 3 bathrooms, while the second floor offers 3 bedrooms and 2 bathrooms. Both levels feature open kitchen, dining, and living areas, along with in-unit laundry. Solar panels, electric heating, and central air conditioning are included. A full basement provides additional interior space, and the property has a private driveway and garage.
The building contains approximately 2,473 square feet on a 3,610-square-foot lot measuring 58 by 62 feet. Public water and sewer serve the property. Its Hawtree Street location is near the A train, bus service, major highways, and Resorts World Casino.
The building contains approximately 2,473 square feet on a 3,610-square-foot lot measuring 58 by 62 feet. Public water and sewer serve the property. Its Hawtree Street location is near the A train, bus service, major highways, and Resorts World Casino.
Key Highlights
- Two‑level duplex with 3 bedrooms and 3 bathrooms on the first floor
- Second floor includes 3 bedrooms and 2 bathrooms
- Approximately 2,473 square feet on a 3,610‑square‑foot lot
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
$60,451
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
3.71%
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%
$1,209,020
$1.2M
Cap Rate 7%
$863,586
$863.6K
Cap Rate 9%
$671,678
$671.7K
Market Conditions
NOI Build-Up for 2,473 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
$114.3K $46.20/SF
− Vacancy
−$4.3K −$1.76/SF
EGI
$109.9K $44.44/SF
− OpEx
−$49.5K −$20.00/SF
NOI
$60.5K $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%
$1,209,020
Cap Rate 7%
$863,586
Cap Rate 9%
$671,678
Alternative Uses
Best Use
Apartment 5plus
$863.6K
$755.6K – $1.01M
NOI $60,451 @ 7.0% cap · market cap 3.71%
Second Best
Multifamily LT 5
$584.7K
$511.7K – $682.2K
NOI $40,932 @ 7.0% cap · market cap 2.51%
Theoretical Best
Office A
$1.82M
$1.60M – $2.13M
NOI $127,619 @ 7.0% cap · market cap 7.84%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,887
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-family brick property with private parking, garage, and a full basement.
Where is this duplex located?
The property is located at 150-17 Hawtree Street Ozone Park, NY.
What is the asking price?
The asking price for this property is $1,628,000.
What are key features of this property?
This property features: Two‑level duplex with 3 bedrooms and 3 bathrooms on the first floor; Second floor includes 3 bedrooms and 2 bathrooms; Approximately 2,473 square feet on a 3,610‑square‑foot lot
