Renovated Duplex with
For Sale
$1,450,000
124-23 135th Place, South Ozone Park, NY 11420
Three finished levels offer 10 bedrooms and five full bathrooms, with a separate entrance for each floor.
Property Size2,132 SF
Lot Size0.13 Acres
Price / SF$680.11
Days on Market41
Property Features for 124-23 135th Place
General Information
Standard status
Active
Size
2,132 SF
Lot size
0.13 Acres
Property subtype
Residential Income
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$7,397
Amenities
First Floor Bedroom
First Floor Full Bath
Building Details
Building Size
2,132 SF
Year Built
1940
Units
2
Listing Agency:
Winzone Realty Inc
(718) 899-7000
Listed By:
Havera Uddin
(212) 961-6512
Source:
Croninreale
Added: Sep 14
Changed: Oct 23
Last Checked: Oct 23 at 5:29PM
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 Winzone Realty Inc
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Investment Insights
Based on property information with market context.
This duplex has first- and second-floor living areas plus finished basement space. The first floor contains four bedrooms and two full bathrooms; the second has three bedrooms, two full bathrooms, and an eat-in kitchen. The basement adds three bedrooms, a bathroom, living and dining rooms, and a kitchen, and connects to the first-floor area. Each floor has its own entrance. Recent work includes a new roof and windows, updated finishes, custom kitchen cabinetry, marble countertops, and stainless-steel appliances. A washer and dryer are in the basement.
The property occupies an approximately 5,600 sq. ft. lot in South Ozone Park. Exterior features include a private driveway, detached two-car garage, front yard, and backyard.
The property occupies an approximately 5,600 sq. ft. lot in South Ozone Park. Exterior features include a private driveway, detached two-car garage, front yard, and backyard.
Key Highlights
- 10 bedrooms and 5 full bathrooms across the first floor, second floor, and finished basement
- Approximately 5,600 sq. ft. lot in South Ozone Park
- Separate entrance for each floor
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$52,116
Cap Rate
3.59%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,042,320
$1.0M
Cap Rate 7%
$744,514
$744.5K
Cap Rate 9%
$579,067
$579.1K
Market Conditions
NOI Build-Up for 2,132 SF
Gross rent
$98.5K $46.20/SF
− Vacancy
−$3.7K −$1.76/SF
EGI
$94.8K $44.44/SF
− OpEx
−$42.6K −$20.00/SF
NOI
$52.1K $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%
$1,042,320
Cap Rate 7%
$744,514
Cap Rate 9%
$579,067
Alternative Uses
Best Use
Apartment 5plus
$744.5K
$651.5K – $868.6K
NOI $52,116 @ 7.0% cap · market cap 3.59%
Second Best
Multifamily LT 5
$504.1K
$441.1K – $588.1K
NOI $35,288 @ 7.0% cap · market cap 2.43%
Theoretical Best
Office A
$1.57M
$1.38M – $1.83M
NOI $110,021 @ 7.0% cap · market cap 7.59%
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
1,154
Businesses Nearby
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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 - Three finished levels offer 10 bedrooms and five full bathrooms, with a separate entrance for each floor.
Where is this duplex located?
The property is located at 124-23 135th Place South Ozone Park, NY.
What is the asking price?
The asking price for this property is $1,450,000.
What are key features of this property?
This property features: 10 bedrooms and 5 full bathrooms across the first floor, second floor, and finished basement; Approximately 5,600 sq. ft. lot in South Ozone Park; Separate entrance for each floor
