Tudor Multifamily
128-17 115th Avenue, South Ozone Park, NY 11420
For Sale
$1,250,000
Tudor-style multifamily property with an attached garage, fenced outdoor areas, and partially finished lower-level space.
Property Size2,448 SF
Days on Market102
Property Features for 128-17 115th Avenue
General Information
Standard status
Size
Property subtype
Taxes and HOA fees
Annual Taxes
Amenities
Wall/Window Unit(s)
Hot Water, Natural Gas, Other
Full, Partially Finished
Other
Fenced, Back Yard, Front Yard
Attached, Garage
Tudor
Building Details
Building Size
Year Built
Listing Agency:
MYNY Residential
Listed By:
Paul J. St Clair
(631) 645-1530
Source:
Evrealestate
Added: Jul 31
Changed: Nov 7
Last Checked: Nov 8 at 6:40AM
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 MYNY Residential
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Investment Insights
Based on property information with market context.
This Tudor-style multifamily property at 128-17 115th Avenue includes wall/window unit cooling, hot water service using natural gas and other fuel sources, and a full lower level that is partially finished. The exterior includes both front and rear yards with fencing, along with an attached garage.
Built in 1935, the property is located in South Ozone Park, Queens, NY 11420.
Built in 1935, the property is located in South Ozone Park, Queens, NY 11420.
Key Highlights
- Tudor‑style multifamily property built in 1935
- Attached garage with fenced front and back yards
- Full, partially finished lower level
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$59,840
Cap Rate
4.79%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,196,800
$1.2M
Cap Rate 7%
$854,857
$854.9K
Cap Rate 9%
$664,889
$664.9K
Market Conditions
NOI Build-Up for 2,448 SF
Gross rent
$113.1K $46.20/SF
− Vacancy
−$4.3K −$1.76/SF
EGI
$108.8K $44.44/SF
− OpEx
−$49.0K −$20.00/SF
NOI
$59.8K $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%
$1,196,800
Cap Rate 7%
$854,857
Cap Rate 9%
$664,889
Alternative Uses
Best Use
Apartment 5plus
$854.9K
$748.0K – $997.3K
NOI $59,840 @ 7.0% cap · market cap 4.79%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.80M
$1.58M – $2.11M
NOI $126,329 @ 7.0% cap · market cap 10.11%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
2,078
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
$673,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Multifamily properties in South Ozone Park, NY
Properties on Market for Multifamily properties in South Ozone Park
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Multifamily property - Tudor-style multifamily property with an attached garage, fenced outdoor areas, and partially finished lower-level space.
Where is this multifamily property located?
The property is located at 128-17 115th Avenue South Ozone Park, NY.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: Tudor‑style multifamily property built in 1935; Attached garage with fenced front and back yards; Full, partially finished lower level
