Brick Duplex with Private
For Sale
$850,000
11527 122nd Street South Ozone, South Ozone Park, NY 11420
Two separately entered residences with dedicated utilities, basement access, and connected municipal services.
Property Size1,296 SF
Days on Market258
Property Features for 11527 122nd Street South Ozone
General Information
Standard status
Active
Size
1,296 SF
Total Parking Spaces
1
Property subtype
Duplex
Units
Unit Mix
1 x 1BR/1BA, 1 x 2BR/1BA
Multifamily Units
2
Additional Details
Highway Access
Yes
Amenities
Wall/Window Unit(s)
Steam
Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Building Details
Building Size
1,296 SF
Year Built
1940
Buildings
1
Construction
semi-attached brick
Listing Agency:
Keller Williams Rty Gold Coast
Listed By:
Paul Q Zhou · License #10401260640
(718) 790-3288
Source:
Kw
Added: Feb 3
Changed: Oct 16
Last Checked: Oct 16 at 6:57AM
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 Rty Gold Coast
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Investment Insights
Based on property information with market context.
This 1940 semi-attached brick duplex contains two separate residences. The lower home includes one bedroom, one full bathroom, a kitchen, eat-in kitchen, living room, and a duplex layout extending to a walk-out basement with backyard access. A private one-car parking space serves the unit. The upper residence has its own entrance, two bedrooms, one full bathroom, an eat-in kitchen, and a spacious living/dining room.
Each residence is supported by separate electric and gas meters, and the property has brand new boilers. Electricity, natural gas, sewer, and water are connected. The property is located in South Ozone Park near major highways and Resorts World Casino. It can be delivered vacant.
Each residence is supported by separate electric and gas meters, and the property has brand new boilers. Electricity, natural gas, sewer, and water are connected. The property is located in South Ozone Park near major highways and Resorts World Casino. It can be delivered vacant.
Key Highlights
- Two‑family semi‑attached brick property built in 1940
- First‑floor duplex includes a walk‑out basement with backyard access
- Second‑floor residence has 2 bedrooms and a separate entrance
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,680
Cap Rate
3.73%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$633,600
$633.6K
Cap Rate 7%
$452,571
$452.6K
Cap Rate 9%
$352,000
$352.0K
Market Conditions
NOI Build-Up for 1,296 SF
Gross rent
$59.9K $46.20/SF
− Vacancy
−$2.3K −$1.76/SF
EGI
$57.6K $44.44/SF
− OpEx
−$25.9K −$20.00/SF
NOI
$31.7K $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%
$633,600
Cap Rate 7%
$452,571
Cap Rate 9%
$352,000
Alternative Uses
Best Use
Apartment 5plus
$452.6K
$396.0K – $528.0K
NOI $31,680 @ 7.0% cap · market cap 3.73%
Second Best
Multifamily LT 5
$306.4K
$268.1K – $357.5K
NOI $21,451 @ 7.0% cap · market cap 2.52%
Theoretical Best
Office A
$955.4K
$836.0K – $1.11M
NOI $66,880 @ 7.0% cap · market cap 7.87%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,426
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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two separately entered residences with dedicated utilities, basement access, and connected municipal services.
Where is this duplex located?
The property is located at 11527 122nd Street South Ozone South Ozone Park, NY.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: Two‑family semi‑attached brick property built in 1940; First‑floor duplex includes a walk‑out basement with backyard access; Second‑floor residence has 2 bedrooms and a separate entrance
