Renovated Two-Family Brick
New
For Sale
$915,000
132-20 82nd Street, Ozone Park, NY 11417
Two residential units offer updated kitchens, flexible living areas, and access to a private backyard.
Property Size1,288 SF
Price / SF$710.40
Days on Market7
Property Features for 132-20 82nd Street
General Information
Standard status
Active
Size
1,288 SF
Property subtype
Multi Family
Additional Details
Public Transit
Yes
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$6,700
Amenities
shared driveway
private backyard
Building Details
Building Size
1,288 SF
Year Built
1940
Buildings
1
Construction
brick
Listing Agency:
Metro Realty Professionals
Listed By:
Jian (Carey) Yang
(718) 838-2600
Source:
Penrealty
Added: Oct 7
Changed: Oct 11
Last Checked: Oct 13 at 1:08AM
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 Metro Realty Professionals
Investment Insights
Based on property information with market context.
This 1,288-square-foot brick duplex, built in 1940, contains two residential units. The lower unit has a living area, an updated kitchen with a granite island, three bedrooms with individual closets, and a full bathroom. The second-floor unit includes a living room, an oversized bedroom with double closets, a renovated kitchen with a granite island, and a three-quarter bathroom. Both kitchens have a stove and range hood. A shared driveway serves the property, and the private backyard can accommodate two to three cars.
Supermarkets, restaurants, banks, laundry services, schools, and other everyday services are minutes away. The A train and Resorts World Casino Hotel are also within a short distance.
Supermarkets, restaurants, banks, laundry services, schools, and other everyday services are minutes away. The A train and Resorts World Casino Hotel are also within a short distance.
Key Highlights
- Two‑family brick property with 1,288 square feet; built in 1940
- Lower unit includes three bedrooms, a living area, and a full bathroom
- Second‑floor unit has an oversized bedroom with double closets and a three‑quarter bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,484
Cap Rate
3.44%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$629,680
$629.7K
Cap Rate 7%
$449,771
$449.8K
Cap Rate 9%
$349,822
$349.8K
Market Conditions
NOI Build-Up for 1,288 SF
Gross rent
$59.5K $46.20/SF
− Vacancy
−$2.3K −$1.76/SF
EGI
$57.2K $44.44/SF
− OpEx
−$25.8K −$20.00/SF
NOI
$31.5K $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%
$629,680
Cap Rate 7%
$449,771
Cap Rate 9%
$349,822
Alternative Uses
Best Use
Apartment 5plus
$449.8K
$393.6K – $524.7K
NOI $31,484 @ 7.0% cap · market cap 3.44%
Second Best
Multifamily LT 5
$304.5K
$266.5K – $355.3K
NOI $21,318 @ 7.0% cap · market cap 2.33%
Theoretical Best
Office A
$949.5K
$830.8K – $1.11M
NOI $66,467 @ 7.0% cap · market cap 7.26%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
3,153
Businesses Nearby
Explore this area
Business Placement
Demographics for 11417, NY
31,229
Population
9,855
Households
3.2
Avg Household Size
38
Median Age
25%
College-Educated
78%
High-School Grad
1.1 sq mi
ZIP Area
28,390
Density / Sq Mi
$86,330
Median Household Income
$42,193
Median Earnings
$1,853
Median Rent
$731,900
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
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Frequently Asked Questions
What type of property is this?
Duplex - Two residential units offer updated kitchens, flexible living areas, and access to a private backyard.
Where is this duplex located?
The property is located at 132-20 82nd Street Ozone Park, NY.
What is the asking price?
The asking price for this property is $915,000.
What are key features of this property?
This property features: Two‑family brick property with 1,288 square feet; built in 1940; Lower unit includes three bedrooms, a living area, and a full bathroom; Second‑floor unit has an oversized bedroom with double closets and a three‑quarter bathroom
