Two-Family Duplex with Finished
For Sale
$1,239,999
123-26 135 Street, South Ozone Park, NY 11420
The 2026-built property combines two residences with central heating and air conditioning and a backyard.
Property Size2,050 SF
Price / SF$604.88
Days on Market40
Property Features for 123-26 135 Street
General Information
Standard status
Active
Size
2,050 SF
Property subtype
Residential Income
Site & Location
Highway Access
Yes
Public Transit
Yes
Units
Unit Mix
1 x 2BR/2BA, 1 x 3BR/2BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$1,988
Amenities
ENERGY STAR Qualified Door(s)
Primary Bathroom
Quartz/Quartzite Counters
Walk-In Closet(s)
Washer/Dryer Hookup
Building Details
Building Size
2,050 SF
Year Built
2026
Buildings
1
Units
2
Listing Agency:
LJ Realty Team Inc
(516) 218-1261
Listed By:
Harjit Singh
(347) 656-2442
Source:
Adamstreetrealty
Added: Sep 25
Changed: Nov 2
Last Checked: Nov 3 at 5:56AM
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, two-family property has a first-floor residence with two bedrooms and two bathrooms, plus an upper duplex with three bedrooms and two bathrooms. The upper unit also includes an open attic area. A finished basement has a separate exterior entrance, and the property includes central heating and air conditioning and a backyard.
Located in South Ozone Park, the property is described as minutes from the Van Wyck Expressway and JFK Airport, with local shopping, dining, and public transit nearby.
Located in South Ozone Park, the property is described as minutes from the Van Wyck Expressway and JFK Airport, with local shopping, dining, and public transit nearby.
Key Highlights
- Two‑family property built in 2026 with 2,050 square feet
- First‑floor unit has 2 bedrooms and 2 bathrooms
- Upper duplex has 3 bedrooms, 2 bathrooms, and an open attic area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$50,111
Cap Rate
4.04%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,002,220
$1.0M
Cap Rate 7%
$715,871
$715.9K
Cap Rate 9%
$556,789
$556.8K
Market Conditions
NOI Build-Up for 2,050 SF
Gross rent
$94.7K $46.20/SF
− Vacancy
−$3.6K −$1.76/SF
EGI
$91.1K $44.44/SF
− OpEx
−$41.0K −$20.00/SF
NOI
$50.1K $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%
$1,002,220
Cap Rate 7%
$715,871
Cap Rate 9%
$556,789
Alternative Uses
Best Use
Apartment 5plus
$715.9K
$626.4K – $835.2K
NOI $50,111 @ 7.0% cap · market cap 4.04%
Second Best
Multifamily LT 5
$484.7K
$424.1K – $565.5K
NOI $33,931 @ 7.0% cap · market cap 2.74%
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
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - The 2026-built property combines two residences with central heating and air conditioning and a backyard.
Where is this duplex located?
The property is located at 123-26 135 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 property built in 2026 with 2,050 square feet; First‑floor unit has 2 bedrooms and 2 bathrooms; Upper duplex has 3 bedrooms, 2 bathrooms, and an open attic area
