Renovated Two-Family Brick
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 Market20
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 25
Last Checked: Oct 24 at 10:09PM
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
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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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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
3,153
Businesses Nearby
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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
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
