Two-Unit Colonial
New
For Sale
$749,900
114-29 130th Street, South Ozone Park, NY 11420
Detached two-dwelling residence with driveway parking and a two-bedroom, two-bath configuration.
Property Size1,488 SF
Price / SF$503.97
Days on Market4
Property Features for 114-29 130th Street
General Information
Standard status
Active
Size
1,488 SF
Property subtype
Residential Income
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$6,635
Amenities
First Floor Bedroom
First Floor Full Bath
Soaking Tub
Building Details
Building Size
1,488 SF
Year Built
1925
Units
2
Construction
colonial style
Listing Agency:
Island Advantage Realty LLC
Listed By:
Todd A. Yovino · License #49YO0956714
(516) 819-7800
Source:
Georgemcknight
Added: Oct 23
Changed: Oct 25
Last Checked: Oct 26 at 4:08AM
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 Island Advantage Realty LLC
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Investment Insights
Based on property information with market context.
This detached colonial-style duplex contains two legal dwelling units and offers 1,488 square feet of building area. The home has two bedrooms and two full bathrooms, with driveway parking. Built in 1925, it is located at 114-29 130th Street in South Ozone Park, New York.
Key Highlights
- Two legal dwelling units
- 1,488 square feet of building area
- Two bedrooms and two full bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$36,373
Cap Rate
4.85%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$727,460
$727.5K
Cap Rate 7%
$519,614
$519.6K
Cap Rate 9%
$404,144
$404.1K
Market Conditions
NOI Build-Up for 1,488 SF
Gross rent
$68.7K $46.20/SF
− Vacancy
−$2.6K −$1.76/SF
EGI
$66.1K $44.44/SF
− OpEx
−$29.8K −$20.00/SF
NOI
$36.4K $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%
$727,460
Cap Rate 7%
$519,614
Cap Rate 9%
$404,144
Alternative Uses
Best Use
Apartment 5plus
$519.6K
$454.7K – $606.2K
NOI $36,373 @ 7.0% cap · market cap 4.85%
Second Best
Multifamily LT 5
$351.8K
$307.9K – $410.5K
NOI $24,629 @ 7.0% cap · market cap 3.28%
Theoretical Best
Office A
$1.10M
$959.9K – $1.28M
NOI $76,788 @ 7.0% cap · market cap 10.24%
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
3,965
Businesses Nearby
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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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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Detached two-dwelling residence with driveway parking and a two-bedroom, two-bath configuration.
Where is this duplex located?
The property is located at 114-29 130th Street South Ozone Park, NY.
What is the asking price?
The asking price for this property is $749,900.
What are key features of this property?
This property features: Two legal dwelling units; 1,488 square feet of building area; Two bedrooms and two full bathrooms
