Tudor Multifamily
New
For Sale
$1,250,000
128-17 115th Avenue, South Ozone Park, NY 11420
Tudor-style multifamily property with an attached garage, fenced outdoor areas, and partially finished lower-level space.
Property Size2,448 SF
Days on Market7
Property Features for 128-17 115th Avenue
General Information
Standard status
Active
Size
2,448 SF
Property subtype
Residential Income
Taxes and HOA fees
Annual Taxes
$8,938
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
2,448 SF
Year Built
1935
Listing Agency:
MYNY Residential
(631) 645-1530
Listed By:
Paul J. St Clair
(631) 645-1530
Source:
Evrealestate
Added: Jul 31
Changed: Aug 5
Last Checked: Aug 6 at 4:50AM
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
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 For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $113.1k | $46.20 |
| − Vacancy | −$4.3k | −$1.76 |
| EGI | $108.8k | $44.44 |
| − OpEx | −$49.0k | −$20.00 |
| NOI | $59.8k | $24.44 |
2,448 SF · lease $46.20/SF/yr · vacancy 3.80% · expense 45.00%
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.
Property Analytics
Current Use
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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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
