Three-Story Duplex
New
For Sale
$1,199,999
101-42 103rd Street, Ozone Park, NY 11416
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 Market3
Property Features for 101-42 103rd Street
General Information
Standard status
Active
Size
3,430 SF
Total Parking Spaces
4
Lot size
0.07 Acres
Property subtype
Multi-Family
Units
Unit Mix
2 x 3BR/1.75BA
Multifamily Units
2
Additional Details
Public Transit
Yes
Building Details
Year Built
1972
Buildings
1
Stories
3
Listing Agency:
Momentum Real Estate LLC
Listed By:
Hung Lam · License #HL2875
(718) 382-0001
Source:
Remaxedgenyc
Added: Sep 22
Changed: Sep 23
Last Checked: Sep 22 at 1:34PM
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
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 = 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
$83,844
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
6.99%
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%
$1,676,880
$1.7M
Cap Rate 7%
$1,197,771
$1.2M
Cap Rate 9%
$931,600
$931.6K
Market Conditions
NOI Build-Up for 3,430 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
$158.5K $46.20/SF
− Vacancy
−$6.0K −$1.76/SF
EGI
$152.4K $44.44/SF
− OpEx
−$68.6K −$20.00/SF
NOI
$83.8K $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%
$1,676,880
Cap Rate 7%
$1,197,771
Cap Rate 9%
$931,600
Alternative Uses
Best Use
Apartment 5plus
$1.20M
$1.05M – $1.40M
NOI $83,844 @ 7.0% cap · market cap 6.99%
Second Best
Multifamily LT 5
$811.0K
$709.7K – $946.2K
NOI $56,772 @ 7.0% cap · market cap 4.73%
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.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
3,681
Businesses Nearby
Explore this area
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
Vacancy Rate% for Multifamily in Northeast region
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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
