Detached Duplex with Finished
For Sale
$1,900,000
12019 Linden Boulevard, South Ozone Park, NY 11420
Detached two-family layout includes finished attic space and a lower-level two-bedroom configuration.
Property Size2,322 SF
Lot Size0.11 Acres
Days on Market53
Property Features for 12019 Linden Boulevard
General Information
Standard status
Active
Size
2,322 SF
Lot size
0.11 Acres
Property subtype
Residential Income
Zoning
R4-A
Additional Details
Road Access
Yes
Land Use
residential
Taxes and HOA fees
Annual Taxes
$6,000
Building Details
Building Size
2,322 SF
Year Built
1920
Units
2
Listing Agency:
Keller Williams Realty NYC Grp
(646) 895-0136
Listed By:
Rabindranaut Persaud
(646) 895-0136
Source:
Millenniumhomes
Added: Jul 8
Changed: Aug 28
Last Checked: Aug 25 at 9:25AM
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 Realty NYC Grp
Investment Insights
Based on property information with market context.
This detached duplex, built in 1920, is arranged as two primary residential levels with two bedrooms on each floor. The finished attic adds two more bedrooms, while the full basement includes an additional two-bedroom configuration described as an accessory unit. Together, the improvements provide multiple interior living areas within the existing structure.
The property occupies a 5,000-square-foot lot measuring 50' x 100' at 120-19 Linden Boulevard in South Ozone Park, New York. R4-A contextual zoning is identified for the site. Its substantial lot area and existing two-family configuration support continued evaluation of the property as a multifamily asset or for other uses subject to applicable zoning and approvals.
The property occupies a 5,000-square-foot lot measuring 50' x 100' at 120-19 Linden Boulevard in South Ozone Park, New York. R4-A contextual zoning is identified for the site. Its substantial lot area and existing two-family configuration support continued evaluation of the property as a multifamily asset or for other uses subject to applicable zoning and approvals.
Key Highlights
- Two‑family detached property with 2 bedrooms over 2 bedrooms
- Finished attic contains 2 additional bedrooms
- Full basement configured with 2 bedrooms
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
$56,760
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
2.99%
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%
$1,135,200
$1.1M
Cap Rate 7%
$810,857
$810.9K
Cap Rate 9%
$630,667
$630.7K
Market Conditions
NOI Build-Up for 2,322 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
$107.3K $46.20/SF
− Vacancy
−$4.1K −$1.76/SF
EGI
$103.2K $44.44/SF
− OpEx
−$46.4K −$20.00/SF
NOI
$56.8K $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%
$1,135,200
Cap Rate 7%
$810,857
Cap Rate 9%
$630,667
Alternative Uses
Best Use
Apartment 5plus
$810.9K
$709.5K – $946.0K
NOI $56,760 @ 7.0% cap · market cap 2.99%
Second Best
Multifamily LT 5
$549.0K
$480.4K – $640.6K
NOI $38,433 @ 7.0% cap · market cap 2.02%
Theoretical Best
Office A
$1.71M
$1.50M – $2.00M
NOI $119,826 @ 7.0% cap · market cap 6.31%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,953
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 - Detached two-family layout includes finished attic space and a lower-level two-bedroom configuration.
Where is this duplex located?
The property is located at 12019 Linden Boulevard South Ozone Park, NY.
What is the asking price?
The asking price for this property is $1,900,000.
What are key features of this property?
This property features: Two‑family detached property with 2 bedrooms over 2 bedrooms; Finished attic contains 2 additional bedrooms; Full basement configured with 2 bedrooms
