Ozone Park Two-Family
For Sale
$945,000
10152 102nd Street Ozone, Ozone Park, NY 11416
Two-family home with parking, garage, and finished basement.
Property Size1,926 SF
Days on Market193
Property Features for 10152 102nd Street Ozone
General Information
Standard status
Active
Size
1,926 SF
Property subtype
Multi-Family
Amenities
A/C Unit
A/C Unit - Wall
A/C Unit - Window
Steam/Radiator
Gas
microwave
refrigerator
stove
Pool, Porch, Asphalt/Tar, Flat
Building Details
Building Size
1,926 SF
Year Built
1920
Stories
2
Listing Agency:
Keller Williams Realty Landmark
(929) 479-4791
Listed By:
Carl Franklyn Jr · License #10401358447
(929) 479-4791
Source:
Kw
Added: Feb 12
Changed: Aug 23
Last Checked: Aug 24 at 2:57PM
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 Keller Williams Realty Landmark
Investment Insights
Based on property information with market context.
This fully detached two-family home is located in Ozone Park. Each unit features 2 bedrooms and 1 full bathroom, providing comfortable living spaces. The first-floor unit includes laundry hookups. The second-floor unit offers a bonus room suitable for a home office, nursery, guest room, or extra storage. The property includes a front porch, private parking, and a garage. The fully finished basement has separate entrances from both inside and outside. The property can be delivered vacant, offering flexibility for various living arrangements.
Key Highlights
- Fully detached two‑family home delivered vacant, offering flexibility for owner‑occupancy or rental income.
- Private parking and garage provide rare convenience in Ozone Park.
- Finished basement with separate entrances offers potential for additional living space or rental income.
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
$47,080
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
4.98%
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%
$941,600
$941.6K
Cap Rate 7%
$672,571
$672.6K
Cap Rate 9%
$523,111
$523.1K
Market Conditions
NOI Build-Up for 1,926 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
$89.0K $46.20/SF
− Vacancy
−$3.4K −$1.76/SF
EGI
$85.6K $44.44/SF
− OpEx
−$38.5K −$20.00/SF
NOI
$47.1K $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%
$941,600
Cap Rate 7%
$672,571
Cap Rate 9%
$523,111
Alternative Uses
Best Use
Apartment 5plus
$672.6K
$588.5K – $784.7K
NOI $47,080 @ 7.0% cap · market cap 4.98%
Second Best
Multifamily LT 5
$455.4K
$398.5K – $531.3K
NOI $31,878 @ 7.0% cap · market cap 3.37%
Theoretical Best
Office A
$1.42M
$1.24M – $1.66M
NOI $99,391 @ 7.0% cap · market cap 10.52%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
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
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 home with parking, garage, and finished basement.
Where is this duplex located?
The property is located at 10152 102nd Street Ozone Ozone Park, NY.
What is the asking price?
The asking price for this property is $945,000.
What are key features of this property?
This property features: Fully detached two‑family home delivered vacant, offering flexibility for owner‑occupancy or rental income.; Private parking and garage provide rare convenience in Ozone Park.; Finished basement with separate entrances offers potential for additional living space or rental income.
