Two-Unit Residential
117-41 122nd Pl S, South Ozone Park, NY 11420
For Sale
$1,050,000
The two-unit layout includes five bedrooms, three full bathrooms, and off-street and street parking.
Property Size2,967 SF
Price / SF$353.89
Days on Market24
Property Features for 117-41 122nd Pl S
General Information
Standard status
Size
Property subtype
Additional Details
Multifamily Units
Building Details
Year Built
Listing Agency:
Realty Connect USA LLC
Listed By:
Simran Bajaj
(516) 225-9877
Source:
Searchhomesinlongisland
Added: Oct 16
Changed: Nov 7
Last Checked: Nov 7 at 5:05PM
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 Realty Connect USA LLC
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Investment Insights
Based on property information with market context.
This South Ozone Park residential duplex contains two units with a combined 2,967 square feet. The property was built in 1950 and has five bedrooms and three full bathrooms. Parking is available both on and off the street.
Shopping, dining, and transportation are nearby in Queens.
Shopping, dining, and transportation are nearby in Queens.
Key Highlights
- 2,967‑square‑foot residential duplex
- Two units with five bedrooms and three full bathrooms
- Built in 1950
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$72,527
Cap Rate
6.91%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,450,540
$1.5M
Cap Rate 7%
$1,036,100
$1.0M
Cap Rate 9%
$805,856
$805.9K
Market Conditions
NOI Build-Up for 2,967 SF
Gross rent
$137.1K $46.20/SF
− Vacancy
−$5.2K −$1.76/SF
EGI
$131.9K $44.44/SF
− OpEx
−$59.3K −$20.00/SF
NOI
$72.5K $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%
$1,450,540
Cap Rate 7%
$1,036,100
Cap Rate 9%
$805,856
Alternative Uses
Best Use
Apartment 5plus
$1.04M
$906.6K – $1.21M
NOI $72,527 @ 7.0% cap · market cap 6.91%
Second Best
Multifamily LT 5
$701.6K
$613.9K – $818.5K
NOI $49,109 @ 7.0% cap · market cap 4.68%
Theoretical Best
Office A
$2.19M
$1.91M – $2.55M
NOI $153,111 @ 7.0% cap · market cap 14.58%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,415
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
$673,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Duplexes in South Ozone Park, NY
Properties on Market for Duplexes in South Ozone Park
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - The two-unit layout includes five bedrooms, three full bathrooms, and off-street and street parking.
Where is this duplex located?
The property is located at 117-41 122nd Pl S South Ozone Park, NY.
What is the asking price?
The asking price for this property is $1,050,000.
What are key features of this property?
This property features: 2,967‑square‑foot residential duplex; Two units with five bedrooms and three full bathrooms; Built in 1950
