Residential Income
For Sale
$749,000
109-07 Lefferts Boulevard, South Ozone Park, NY 11420
The second floor is occupied, while the property requires comprehensive renovation.
Property Size1,520 SF
Price / SF$492.76
Days on Market30
Property Features for 109-07 Lefferts Boulevard
General Information
Standard status
Active
Size
1,520 SF
Property subtype
Residential Income
Property Condition
Severity
Major Repairs Needed
Evidence
Complete renovations needed
Taxes and HOA fees
Annual Taxes
$7,158
Building Details
Building Size
1,520 SF
Year Built
1930
Units
2
Listing Agency:
Home Source Realty Inc
(718) 819-6500
Listed By:
Asef Ali · License #10311205166
(917) 776-9247
Source:
Jwsrealtygroup
Added: Oct 5
Changed: Oct 30
Last Checked: Nov 3 at 8:05AM
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 Home Source Realty Inc
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Investment Insights
Based on property information with market context.
Built in 1930, this residential income property requires comprehensive renovation. The second floor is occupied, and the property is being sold in its existing condition without representations.
Key Highlights
- Built in 1930
- Second floor is occupied
- Complete renovation required
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$37,156
Cap Rate
4.96%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$743,120
$743.1K
Cap Rate 7%
$530,800
$530.8K
Cap Rate 9%
$412,844
$412.8K
Market Conditions
NOI Build-Up for 1,520 SF
Gross rent
$70.2K $46.20/SF
− Vacancy
−$2.7K −$1.76/SF
EGI
$67.6K $44.44/SF
− OpEx
−$30.4K −$20.00/SF
NOI
$37.2K $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 Rate 5%
$743,120
Cap Rate 7%
$530,800
Cap Rate 9%
$412,844
Alternative Uses
Best Use
Apartment 5plus
$530.8K
$464.5K – $619.3K
NOI $37,156 @ 7.0% cap · market cap 4.96%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.12M
$980.5K – $1.31M
NOI $78,439 @ 7.0% cap · market cap 10.47%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Location Intelligence
Trade Area within ½ mile
3,858
Businesses Nearby
Explore this area
Business Placement
Demographics for 11420, NY
47,383
Population
14,835
Households
3.2
Avg Household Size
40
Median Age
22%
College-Educated
78%
High-School Grad
2.1 sq mi
ZIP Area
22,563
Density / Sq Mi
$98,584
Median Household Income
$45,571
Median Earnings
$2,032
Median Rent
$673,700
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - The second floor is occupied, while the property requires comprehensive renovation.
Where is this residential income property located?
The property is located at 109-07 Lefferts Boulevard South Ozone Park, NY.
What is the asking price?
The asking price for this property is $749,000.
What are key features of this property?
This property features: Built in 1930; Second floor is occupied; Complete renovation required
