Three-Story Duplex
101-42 103rd Street, Ozone Park, NY 11416
For Sale
$1,199,999
Two-family residence with matching upper-floor layouts, garage access, basement entry, and flexible storage space.
Property Size3,430 SF
Lot Size0.07 Acres
Price / SF$349.85
Days on Market49
Property Features for 101-42 103rd Street
General Information
Standard status
Size
Total Parking Spaces
Lot size
Property subtype
Units
Unit Mix
Multifamily Units
Additional Details
Public Transit
Building Details
Year Built
Buildings
Stories
Listing Agency:
Momentum Real Estate LLC
Listed By:
Hung Lam · License NY HL2875
(718) 382-0001
Source:
Remaxedgenyc
Added: Sep 22
Changed: Oct 26
Last Checked: Nov 8 at 2:49AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Momentum Real Estate LLC
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Investment Insights
Based on property information with market context.
This two-family residence contains approximately 3,430 square feet across 3 stories on a 30 x 100 lot. The second and third floors mirror one another, with each level offering 3 bedrooms, one full bath, one 3/4 bath, a kitchen, living room, and separate dining room. The ground floor provides access to the garage and basement, along with additional storage space. Parking accommodates up to 4 cars.
The property is located near the A train at 104 St and the shops along Liberty Avenue, with access to JFK and Resorts World NYC. The home was built in 1972 and has been held by the same ownership for more than 50 years.
The property is located near the A train at 104 St and the shops along Liberty Avenue, with access to JFK and Resorts World NYC. The home was built in 1972 and has been held by the same ownership for more than 50 years.
Key Highlights
- Approximately 3,430 sq ft across 3 stories
- Two matching upper‑floor layouts, each with 3 bedrooms and 2 baths
- 30 x 100 lot with parking for up to 4 cars
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$84,758
Cap Rate
7.06%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,695,160
$1.7M
Cap Rate 7%
$1,210,829
$1.2M
Cap Rate 9%
$941,756
$941.8K
Market Conditions
NOI Build-Up for 3,430 SF
Gross rent
$131.7K $38.40/SF
− Vacancy
−$10.6K −$3.10/SF
EGI
$121.1K $35.30/SF
− OpEx
−$36.3K −$10.59/SF
NOI
$84.8K $24.71/SF
Area
Queens County, NY
Vacancy
8.07%
Lease Rate
$38.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,695,160
Cap Rate 7%
$1,210,829
Cap Rate 9%
$941,756
Alternative Uses
Best Use
Multifamily LT 5
$1.21M
$1.06M – $1.41M
NOI $84,758 @ 7.0% cap · market cap 7.06%
Second Best
Apartment 5plus
$1.20M
$1.05M – $1.40M
NOI $83,844 @ 7.0% cap · market cap 6.99%
Theoretical Best
Office A
$2.53M
$2.21M – $2.95M
NOI $177,004 @ 7.0% cap · market cap 14.75%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
3,681
Businesses Nearby
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Business Placement
Demographics for 11416, NY
28,381
Population
8,047
Households
3.5
Avg Household Size
35
Median Age
25%
College-Educated
78%
High-School Grad
0.7 sq mi
ZIP Area
40,544
Density / Sq Mi
$85,544
Median Household Income
$43,899
Median Earnings
$1,964
Median Rent
$733,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Properties on Market for Duplexes in Ozone Park
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two-family residence with matching upper-floor layouts, garage access, basement entry, and flexible storage space.
Where is this duplex located?
The property is located at 101-42 103rd Street Ozone Park, NY.
What is the asking price?
The asking price for this property is $1,199,999.
What are key features of this property?
This property features: Approximately 3,430 sq ft across 3 stories; Two matching upper‑floor layouts, each with 3 bedrooms and 2 baths; 30 x 100 lot with parking for up to 4 cars
