2-Unit Duplex with
New
For Sale
$1,050,000
117-41 122nd Place, South Ozone Park, NY 11420
Residential Income, South Ozone Park, NY
Property Size2,967 SF
Lot Size0.07 Acres
Price / SF$353.89
Days on Market2
Property Features for 117-41 122nd Place
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
5
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 2, Bedroom 3, Bathroom 3, Bathroom 1, Bedroom 5, Bedroom 1, Bedroom 4, Bathroom 2, Basement
Parking features
Driveway
Interior features
First Floor Bedroom
Basement
Full
Elementary school
Ps 155
Middle school
Jhs 226 Virgil I Grisson
High school
John Adams High School
Elementary school district
Queens 27
Middle school district
Queens 27
High school district
Queens 27
Standard status
Active
APN
11716-0023
Lot size
0.07 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
8512
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas
Cooling system
Wall/Window Unit(s), Window Unit(s)
Water source
Public
Building Details
Year built
1950
Number of units
2
Building materials
Vinyl Siding
Architectural style
Colonial
Listing Agency:
Realty Connect USA LLC
(516) 714-3606
Listed By:
Simran Bajaj
(516) 225-9877
Added: Oct 20
Changed: Oct 21
Last Checked: Oct 21 at 9:06PM
MLS# 1065123
Copyright © 2026 OneKey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This legal two-unit duplex was built in 1950 and contains 2,967 square feet, with five bedrooms and three full bathrooms. The exterior has vinyl siding, and the property includes a driveway. Heating is fueled by natural gas, with wall or window units for cooling.
Public water and sewer serve the property. Shopping, dining, and transportation are nearby in South Ozone Park.
Public water and sewer serve the property. Shopping, dining, and transportation are nearby in South Ozone Park.
Key Highlights
- Legal two‑family property with two units
- 2,967 square feet with 5 bedrooms and 3 full baths
- 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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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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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - The two-unit layout contains five bedrooms and three full bathrooms.
Where is this duplex located?
The property is located at 117-41 122nd Place 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: Legal two‑family property with two units; 2,967 square feet with 5 bedrooms and 3 full baths; Built in 1950
