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 Market212
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: Sep 2
Last Checked: Sep 3 at 5:58AM
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
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 = 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
$31,680
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
3.73%
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%
$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
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
$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 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%
$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.
Property Analytics
Property Profile
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
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 - 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
