Duplex With Renovated Rental
For Sale
$1,500,000
130-15 130th street, South Ozone Park, NY 11420
Residential Income, South Ozone Park, NY
Property Size3,173 SF
Lot Size0.15 Acres
Price / SF$472.74
Days on Market55
Property Features for 130-15 130th street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
6
Bathrooms
5
Full bathrooms
5
Rooms
Bathroom 3, Bedroom 4, Bathroom 4, Bathroom 5, Bedroom 6, Bedroom 1, Bathroom 2, Bedroom 5, Bedroom 3, Bathroom 1, Basement, Bedroom 2
Parking
2
Parking features
Carport
Interior features
First Floor Bedroom, Ceiling Fan(s), Washer/Dryer Hookup
Basement
Partially Finished, Full
Elementary school
Ps 100 Glen Morris
Middle school
Jhs 226 Virgil I Grisson
High school
Robert H Goddard Hs-Comm/Tech
Elementary school district
Queens 27
Middle school district
Queens 27
High school district
Queens 27
Standard status
Active
Lot size
0.15 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
9813
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas
Cooling system
Wall/Window Unit(s), Window Unit(s)
Water source
Public
Amenities
porch
balcony
backyard
laundry
solar panels
summer kitchen
Building Details
Year built
1950
Number of units
2
Building materials
Frame, Vinyl Siding
Architectural style
Other
Listing Agency:
HomeSmart CrossIsland
(718) 341-9800
Listed By:
Anthony Jones
(917) 407-0807
Added: Jul 23
Changed: Sep 13
Last Checked: Sep 15 at 8:06AM
MLS# 1033066
Copyright © 2026 OneKey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This two-family property at 130-15 130th Street offers 3,173 square feet on a 6,440-square-foot lot. The renovated rental residence includes four bedrooms, two full bathrooms, laundry, and a balcony. The owner's duplex has two bedrooms plus flexible additional space, while the lower level spans nearly the home's full footprint and includes 7+ foot ceilings, a summer kitchen, two full bathrooms, and a separate entrance.
Outdoor features include a first-floor porch, second-floor balcony, a large backyard, and one parking space. Fully paid-off solar panels are also installed. The property is near the A train, JFK, the Van Wyck Expressway, and the Belt Parkway, with public water and public sewer service. Built in 1950, the home has frame construction with vinyl siding, natural-gas heating, and wall/window cooling units.
Outdoor features include a first-floor porch, second-floor balcony, a large backyard, and one parking space. Fully paid-off solar panels are also installed. The property is near the A train, JFK, the Van Wyck Expressway, and the Belt Parkway, with public water and public sewer service. Built in 1950, the home has frame construction with vinyl siding, natural-gas heating, and wall/window cooling units.
Key Highlights
- 3,173 sq. ft. two‑family home on a 6,440 sq. ft. lot
- Renovated rental unit with 4 bedrooms, 2 full bathrooms, laundry, and balcony
- Owner's duplex includes 2 bedrooms plus flexible additional space
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$77,562
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.17%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,551,240
$1.6M
Cap Rate 7%
$1,108,029
$1.1M
Cap Rate 9%
$861,800
$861.8K
Market Conditions
NOI Build-Up for 3,173 SF
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.
Gross rent
$146.6K $46.20/SF
− Vacancy
−$5.6K −$1.76/SF
EGI
$141.0K $44.44/SF
− OpEx
−$63.5K −$20.00/SF
NOI
$77.6K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,551,240
Cap Rate 7%
$1,108,029
Cap Rate 9%
$861,800
Alternative Uses
Best Use
Apartment 5plus
$1.11M
$969.5K – $1.29M
NOI $77,562 @ 7.0% cap · market cap 5.17%
Second Best
Multifamily LT 5
$750.3K
$656.5K – $875.3K
NOI $52,518 @ 7.0% cap · market cap 3.50%
Theoretical Best
Office A
$2.34M
$2.05M – $2.73M
NOI $163,742 @ 7.0% cap · market cap 10.92%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,174
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two-family property with separate residences, outdoor space, solar panels, and commuter access near the A train.
Where is this duplex located?
The property is located at 130-15 130th street South Ozone Park, NY.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: 3,173 sq. ft. two‑family home on a 6,440 sq. ft. lot; Renovated rental unit with 4 bedrooms, 2 full bathrooms, laundry, and balcony; Owner's duplex includes 2 bedrooms plus flexible additional space
