Two-Unit Duplex with Separate
For Sale
$1,369,000
Pending
12614 133rd Avenue, South Ozone Park, NY 11420
Each residence has three bedrooms, two full baths, and its own kitchen, living room, and dining room.
Property Size3,000 SF
Days on Market9
Property Features for 12614 133rd Avenue
General Information
Standard status
Pending
Size
3,000 SF
Total Parking Spaces
6
Property subtype
Residential Income
Site & Location
Highway Access
Yes
Public Transit
Yes
Utilities to Site
Yes
Units
Unit Mix
2 x 3BR
Multifamily Units
2
Individually Metered Utilities
gas, electricity
Taxes and HOA fees
Annual Taxes
$9,342
Amenities
private front porch
back yard
private fence
stainless steel appliances
laundry
Finished,Full,Walk-Out Access
5
No
Yes
6
First Floor Bedroom,First Floor Full Bath,Eat-in Kitchen,Formal Dining,Granite Counters,High Ceilings,His and Hers Closets,Natural Woodwork,Open Floorplan,Primary Bathroom,Tile Counters
Finished, Full, Walk-Out Access
Back Yard,Fenced,Front Yard
Public
Detached, Driveway, Garage
3000
Building Details
Building Size
3,000 SF
Year Built
1940
Buildings
1
Listing Agency:
LJ Realty Team Inc
(516) 703-2918
Listed By:
Aman Deep Sabharwal
Source:
Hedgestonehomes
Added: Oct 21
Changed: Oct 28
Last Checked: Oct 28 at 3:32PM
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.
This detached duplex, built in 1940, has two residences arranged on separate levels. Each includes three bedrooms, two full bathrooms, a living room, a dining room, and a kitchen. The finished basement has high ceilings, bedrooms, laundry, and two entrances. Stainless steel appliances are present throughout the home, and storage includes multiple closets.
Outdoor features include a private front porch, a fenced backyard, front yard, driveway, and garage. Separate building systems include two boilers, two gas meters, two electric meters, and two hot water tanks.
The property is in South Ozone Park, Queens, with access to bus and train service, schools, and parks. Airports and highways are described as minutes away.
Outdoor features include a private front porch, a fenced backyard, front yard, driveway, and garage. Separate building systems include two boilers, two gas meters, two electric meters, and two hot water tanks.
The property is in South Ozone Park, Queens, with access to bus and train service, schools, and parks. Airports and highways are described as minutes away.
Key Highlights
- Two residences, each with 3 bedrooms, 2 full bathrooms, a kitchen, living room, and dining room
- Separate systems include 2 boilers, 2 gas meters, 2 electric meters, and 2 hot water tanks
- Finished basement with high ceilings, bedrooms, laundry, and 2 entrances
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$73,333
Cap Rate
5.36%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,466,660
$1.5M
Cap Rate 7%
$1,047,614
$1.0M
Cap Rate 9%
$814,811
$814.8K
Market Conditions
NOI Build-Up for 3,000 SF
Gross rent
$138.6K $46.20/SF
− Vacancy
−$5.3K −$1.76/SF
EGI
$133.3K $44.44/SF
− OpEx
−$60.0K −$20.00/SF
NOI
$73.3K $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%
$1,466,660
Cap Rate 7%
$1,047,614
Cap Rate 9%
$814,811
Alternative Uses
Best Use
Apartment 5plus
$1.05M
$916.7K – $1.22M
NOI $73,333 @ 7.0% cap · market cap 5.36%
Second Best
Multifamily LT 5
$709.4K
$620.7K – $827.6K
NOI $49,655 @ 7.0% cap · market cap 3.63%
Theoretical Best
Office A
$2.21M
$1.94M – $2.58M
NOI $154,814 @ 7.0% cap · market cap 11.31%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
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Open Analytics
Lease Details
2
Residential units
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,357
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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Each residence has three bedrooms, two full baths, and its own kitchen, living room, and dining room.
Where is this duplex located?
The property is located at 12614 133rd Avenue South Ozone Park, NY.
What is the asking price?
The asking price for this property is $1,369,000.
What are key features of this property?
This property features: Two residences, each with 3 bedrooms, 2 full bathrooms, a kitchen, living room, and dining room; Separate systems include 2 boilers, 2 gas meters, 2 electric meters, and 2 hot water tanks; Finished basement with high ceilings, bedrooms, laundry, and 2 entrances
