Renovated Two-Family
For Sale
$1,200,000
128-04 Gotham Road, South Ozone Park, NY 11420
Finished attic and basement expand the usable space, with a two-car garage on a corner parcel.
Property Size2,340 SF
Price / SF$512.82
Days on Market12
Property Features for 128-04 Gotham Road
General Information
Standard status
Active
Size
2,340 SF
Total Parking Spaces
2
Property subtype
Residential Income
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$7,209
Amenities
finished attic and basement
entertainment friendly backyard
First Floor Bedroom
First Floor Full Bath
Eat-in Kitchen
Formal Dining
Granite Counters
In-Law Floorplan
Kitchen Island
Recessed Lighting
Building Details
Building Size
2,340 SF
Year Built
1920
Units
2
Listing Agency:
Home Source Realty Inc
(718) 819-6500
Listed By:
Asef Ali · License #10311205166
(917) 776-9247
Source:
Croninreale
Added: Oct 12
Changed: Oct 23
Last Checked: Oct 23 at 4:11PM
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 Home Source Realty Inc
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Investment Insights
Based on property information with market context.
This renovated duplex provides two-family residential accommodation across 2,340 square feet. A finished attic and basement add usable interior space, and the property includes a two-car garage. Built in 1920, the building offers a two-family configuration with multiple finished levels.
Set on a corner property, it also features a backyard suited to outdoor entertaining.
Set on a corner property, it also features a backyard suited to outdoor entertaining.
Key Highlights
- Two‑family duplex with 2,340 square feet
- Renovated property with finished attic and basement
- Two‑car garage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$57,200
Cap Rate
4.77%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,144,000
$1.1M
Cap Rate 7%
$817,143
$817.1K
Cap Rate 9%
$635,556
$635.6K
Market Conditions
NOI Build-Up for 2,340 SF
Gross rent
$108.1K $46.20/SF
− Vacancy
−$4.1K −$1.76/SF
EGI
$104.0K $44.44/SF
− OpEx
−$46.8K −$20.00/SF
NOI
$57.2K $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%
$1,144,000
Cap Rate 7%
$817,143
Cap Rate 9%
$635,556
Alternative Uses
Best Use
Apartment 5plus
$817.1K
$715.0K – $953.3K
NOI $57,200 @ 7.0% cap · market cap 4.77%
Second Best
Multifamily LT 5
$553.3K
$484.1K – $645.5K
NOI $38,731 @ 7.0% cap · market cap 3.23%
Theoretical Best
Office A
$1.73M
$1.51M – $2.01M
NOI $120,755 @ 7.0% cap · market cap 10.06%
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
1,417
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 - Finished attic and basement expand the usable space, with a two-car garage on a corner parcel.
Where is this duplex located?
The property is located at 128-04 Gotham Road South Ozone Park, NY.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: Two‑family duplex with 2,340 square feet; Renovated property with finished attic and basement; Two‑car garage
