Three-Story Duplex with Garage
New
For Sale
$1,199,999
101-42 103rd Street, Ozone Park, NY 11416
Residential, Triplex, Ozone Park, NY
Property Size3,430 SF
Lot Size0.07 Acres
Price / SF$349.85
Days on Market2
Property Features for 101-42 103rd Street
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Zoning
R4-1
Bedrooms
6
Bathrooms
4
Full bathrooms
2
Rooms
Bathroom 4, Bedroom 3, Bathroom 2, Bedroom 4, Bedroom 6, Bathroom 3, Bedroom 1, Bathroom 1, Bedroom 5, Bedroom 2
Interior features
A/C Unit - Window, Dishwasher, Laundry Area, Microwave, Refrigerator, Stove, Terrace
Basement
Full, Unfinished
Subdivision
Ozone Park
Standard status
Active
Size
3,430 SF
Lot size
0.07 Acres
Taxes and HOA fees
Tax Annual Amount
8137
Building Details
Year built
1972
Number of units
2
Flooring type
Carpet, Tile, Hardwood
Building materials
Brick
Architectural style
Other
Listing Agency:
Momentum Real Estate LLC
Listed By:
Hung Lam
(718) 382-0001
Added: Sep 21
Changed: Sep 22
Last Checked: Sep 22 at 5:06AM
MLS# 504765
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 brick duplex at 101-42 103rd Street is arranged across three stories and contains approximately 3,430 square feet. The second and third floors each offer three bedrooms, one full bathroom, one three-quarter bathroom, a kitchen, living room, and separate dining room. The ground level provides garage access, basement entry, and flexible storage space. Window A/C, a dishwasher, laundry area, microwave, refrigerator, stove, terrace, tile, hardwood, and carpet are included among the property features. Built in 1972, the residence sits on a 30 x 100 lot and includes parking for up to four cars.
The property is located in Ozone Park, Queens, near the A train at 104 St and the shops along Liberty Avenue. JFK and Resorts World NYC are also identified as accessible from the property. R4-1 zoning applies.
The property is located in Ozone Park, Queens, near the A train at 104 St and the shops along Liberty Avenue. JFK and Resorts World NYC are also identified as accessible from the property. R4-1 zoning applies.
Key Highlights
- Two‑family duplex arranged over 3 stories with approximately 3,430 square feet
- Two upper‑floor layouts, each with 3 bedrooms, 1 full bath, and 1 three‑quarter bath
- Each upper floor includes a kitchen, living room, and separate dining room
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
3,179
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 matching upper-floor layouts provide bedrooms, baths, kitchens, living rooms, and dining rooms for flexible residential occupancy.
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: Two‑family duplex arranged over 3 stories with approximately 3,430 square feet; Two upper‑floor layouts, each with 3 bedrooms, 1 full bath, and 1 three‑quarter bath; Each upper floor includes a kitchen, living room, and separate dining room
