New-Construction Two-Family
123-24 135 Street, South Ozone Park, NY 11420
For Sale
$1,239,999
Separate residences offer two- and three-bedroom layouts, with finished basement space and central heating and air conditioning.
Property Size2,050 SF
Price / SF$604.88
Days on Market46
Property Features for 123-24 135 Street
General Information
Standard status
Size
Property subtype
Site & Location
Highway Access
Public Transit
Units
Unit Mix
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
central air conditioning and heating
backyard
finished basement
separate entrance
bonus attic
ENERGY STAR Qualified Door(s)
Primary Bathroom
Quartz/Quartzite Counters
Recessed Lighting
Smart Thermostat
Walk-In Closet(s)
Washer/Dryer Hookup
Awning(s)
Building Details
Building Size
Year Built
Buildings
Units
Construction
Listing Agency:
LJ Realty Team Inc
(516) 218-1261
Listed By:
Harjit Singh
(347) 656-2442
Source:
Croninreale
Added: Sep 25
Changed: Nov 7
Last Checked: Nov 8 at 2:15PM
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 LJ Realty Team Inc
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Investment Insights
Based on property information with market context.
Completed in 2026, this 2,050-square-foot semi-detached duplex contains two residences. The first-floor unit has two bedrooms and two bathrooms; the upper unit is arranged as a three-bedroom, two-bathroom duplex and includes an open attic. A full finished basement has its own exterior entrance. Central heating and air conditioning serve the home, and the property also includes a backyard.
The home is in South Ozone Park, with the Van Wyck Expressway and JFK Airport described as minutes away. Local shopping, dining, and public transit are nearby.
The home is in South Ozone Park, with the Van Wyck Expressway and JFK Airport described as minutes away. Local shopping, dining, and public transit are nearby.
Key Highlights
- Two‑family semi‑detached property built in 2026
- 2,050 square feet
- First‑floor residence has 2 bedrooms and 2 bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$50,657
Cap Rate
4.09%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,013,140
$1.0M
Cap Rate 7%
$723,671
$723.7K
Cap Rate 9%
$562,856
$562.9K
Market Conditions
NOI Build-Up for 2,050 SF
Gross rent
$78.7K $38.40/SF
− Vacancy
−$6.4K −$3.10/SF
EGI
$72.4K $35.30/SF
− OpEx
−$21.7K −$10.59/SF
NOI
$50.7K $24.71/SF
Area
Queens County, NY
Vacancy
8.07%
Lease Rate
$38.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,013,140
Cap Rate 7%
$723,671
Cap Rate 9%
$562,856
Alternative Uses
Best Use
Multifamily LT 5
$723.7K
$633.2K – $844.3K
NOI $50,657 @ 7.0% cap · market cap 4.09%
Second Best
Apartment 5plus
$715.9K
$626.4K – $835.2K
NOI $50,111 @ 7.0% cap · market cap 4.04%
Theoretical Best
Office A
$1.51M
$1.32M – $1.76M
NOI $105,790 @ 7.0% cap · market cap 8.53%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
3,048
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
$673,700
Median Home Value
Market
Average Price Trend$/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 - Separate residences offer two- and three-bedroom layouts, with finished basement space and central heating and air conditioning.
Where is this duplex located?
The property is located at 123-24 135 Street South Ozone Park, NY.
What is the asking price?
The asking price for this property is $1,239,999.
What are key features of this property?
This property features: Two‑family semi‑detached property built in 2026; 2,050 square feet; First‑floor residence has 2 bedrooms and 2 bathrooms
