Two-Family Duplex with Fenced
For Sale
$1,139,000
11029 107th Street, Ozone Park, NY 11417
Two floors offer living and dining areas, eat-in kitchens, and separate gas meters.
Property Size2,008 SF
Price / SF$567.23
Days on Market20
Property Features for 11029 107th Street
General Information
Standard status
Active
Size
2,008 SF
Property subtype
Residential Income
Units
Multifamily Units
2
Individually Metered Utilities
gas
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$8,599
Amenities
ceiling fans
air conditioning
fenced yard
paver patio
gazebo
storage shed
formal dining room
crown molding
hardwood floors
oak cabinetry
tile backsplash
stainless gas range
shared driveway
Formal Dining
Building Details
Building Size
2,008 SF
Year Built
1925
Buildings
1
Units
2
Listing Agency:
EXIT Realty Central
(718) 848-5900
Listed By:
Arthur F. Martinez SFR · License #1041648
(347) 385-4885
Source:
Croninreale
Added: Oct 5
Changed: Oct 23
Last Checked: Oct 23 at 4:58PM
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 EXIT Realty Central
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Investment Insights
Based on property information with market context.
This 2,008-square-foot duplex, built in 1925, contains two floors with a combined six bedrooms and two full bathrooms. Each floor has living space, a formal dining room with hardwood flooring and crown molding, and an eat-in kitchen with oak cabinets, tile backsplash, and a stainless gas range. Two A/C units and ceiling fans serve the home. The property also includes a shared driveway, a fenced backyard with a paver patio, gazebo, and storage shed, plus basement gas meters for each unit.
The forced-air heating system is five years old, the water heater is one year old, and the roof is six years old; a protective roof sealer was applied two years ago. Shopping, dining, and transit are nearby.
The forced-air heating system is five years old, the water heater is one year old, and the roof is six years old; a protective roof sealer was applied two years ago. Shopping, dining, and transit are nearby.
Key Highlights
- Two‑family property with 6 bedrooms and 2 full bathrooms
- 2,008 square feet; built in 1925
- Each floor has living space, formal dining, and an eat‑in kitchen
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$49,084
Cap Rate
4.31%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$981,680
$981.7K
Cap Rate 7%
$701,200
$701.2K
Cap Rate 9%
$545,378
$545.4K
Market Conditions
NOI Build-Up for 2,008 SF
Gross rent
$92.8K $46.20/SF
− Vacancy
−$3.5K −$1.76/SF
EGI
$89.2K $44.44/SF
− OpEx
−$40.2K −$20.00/SF
NOI
$49.1K $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 Rate 5%
$981,680
Cap Rate 7%
$701,200
Cap Rate 9%
$545,378
Alternative Uses
Best Use
Apartment 5plus
$701.2K
$613.6K – $818.1K
NOI $49,084 @ 7.0% cap · market cap 4.31%
Second Best
Multifamily LT 5
$474.8K
$415.5K – $553.9K
NOI $33,236 @ 7.0% cap · market cap 2.92%
Theoretical Best
Office A
$1.48M
$1.30M – $1.73M
NOI $103,622 @ 7.0% cap · market cap 9.10%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,707
Businesses Nearby
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Business Placement
Demographics for 11417, NY
31,229
Population
9,855
Households
3.2
Avg Household Size
38
Median Age
25%
College-Educated
78%
High-School Grad
1.1 sq mi
ZIP Area
28,390
Density / Sq Mi
$86,330
Median Household Income
$42,193
Median Earnings
$1,853
Median Rent
$731,900
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two floors offer living and dining areas, eat-in kitchens, and separate gas meters.
Where is this duplex located?
The property is located at 11029 107th Street Ozone Park, NY.
What is the asking price?
The asking price for this property is $1,139,000.
What are key features of this property?
This property features: Two‑family property with 6 bedrooms and 2 full bathrooms; 2,008 square feet; built in 1925; Each floor has living space, formal dining, and an eat‑in kitchen
