Colonial Two-Family Home with Finished
For Sale
$899,999
10913 127, South Ozone Park, NY 11420
MULTI_FAMILY - Colonial - South Ozone Park, NY
Property Size1,772 SF
Lot Size0.05 Acres
Price / SF$507.90
Days on Market49
Property Features for 10913 127
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
6
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 2, Basement, Bedroom 3, Bedroom 6, Bedroom 4, Bathroom 2, Bedroom 1, Bedroom 5, Bathroom 1
Parking
1
Parking features
Driveway
Patio and Porch features
Deck
Interior features
First Floor Bedroom, First Floor Full Bath, Ceiling Fan(s), Pantry, Primary Bathroom
Basement
Finished
Elementary school
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Middle school
Call Listing Agent
High school
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Elementary school district
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Middle school district
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High school district
Contact Agent
Standard status
Active
Lot size
0.05 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
6573
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Natural Gas
Cooling system
Wall/Window Unit(s), Window Unit(s)
Water source
Public
Amenities
fully finished basement with separate entrance
Building Details
Year built
1930
Number of units
2
Building materials
Aluminum Siding, Frame
Architectural style
Colonial
Listing Agency:
Voro LLC
(877) 943-8676
Listed By:
Shahroz A. Syed
(646) 730-3062
Added: Jun 22
Changed: Aug 2
Last Checked: Aug 9 at 1:06PM
MLS# 1017270
Copyright © 2026 OneKey MLS. 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 well-maintained Colonial two-family home features a 3-bedroom apartment over a 3-bedroom apartment, with 2 full bathrooms and a fully finished basement. The finished basement includes a separate entrance, providing flexibility for additional living space. Interior features include a first-floor bedroom and first-floor full bath, along with a pantry, ceiling fan(s), and a primary bathroom. Heating is natural gas, and cooling is provided by wall/window unit(s) and window unit(s). The home includes a deck, driveway parking, and a detached 2-car garage.
Set on a 22' x 100' lot within South Ozone Park, the property is located near public transportation and convenient to shopping, schools, parks, and major roadways. Water is provided by public water and sewer service is public sewer.
Built in 1930, the property is constructed with aluminum siding. Buyer to verify all information independently.
Set on a 22' x 100' lot within South Ozone Park, the property is located near public transportation and convenient to shopping, schools, parks, and major roadways. Water is provided by public water and sewer service is public sewer.
Built in 1930, the property is constructed with aluminum siding. Buyer to verify all information independently.
Key Highlights
- Two 3‑bedroom apartments in a two‑family Colonial home
- Fully finished basement with separate entrance
- 2 full bathrooms plus first‑floor bedroom and first‑floor full bath
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
$43,316
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
4.81%
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%
$866,320
$866.3K
Cap Rate 7%
$618,800
$618.8K
Cap Rate 9%
$481,289
$481.3K
Market Conditions
NOI Build-Up for 1,772 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
$81.9K $46.20/SF
− Vacancy
−$3.1K −$1.76/SF
EGI
$78.8K $44.44/SF
− OpEx
−$35.4K −$20.00/SF
NOI
$43.3K $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%
$866,320
Cap Rate 7%
$618,800
Cap Rate 9%
$481,289
Alternative Uses
Best Use
Apartment 5plus
$618.8K
$541.5K – $721.9K
NOI $43,316 @ 7.0% cap · market cap 4.81%
Second Best
Multifamily LT 5
$419.0K
$366.6K – $488.8K
NOI $29,329 @ 7.0% cap · market cap 3.26%
Theoretical Best
Office A
$1.31M
$1.14M – $1.52M
NOI $91,444 @ 7.0% cap · market cap 10.16%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
2,359
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
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 - Well-maintained two-family Colonial home with two 3-bedroom apartments, finished basement with separate entrance, and detached 2-car garage.
Where is this duplex located?
The property is located at 10913 127 South Ozone Park, NY.
What is the asking price?
The asking price for this property is $899,999.
What are key features of this property?
This property features: Two 3‑bedroom apartments in a two‑family Colonial home; Fully finished basement with separate entrance; 2 full bathrooms plus first‑floor bedroom and first‑floor full bath
