Two-Family Colonial
For Sale
$663,500
13211 133rd Ave, South Ozone Park, NY 11420
Two-story duplex with basement storage, driveway parking, and access to public water and sewer.
Property Size1,184 SF
Lot Size0.07 Acres
Price / SF$560.39
Days on Market25
Property Features for 13211 133rd Ave
General Information
Standard status
Active
Size
1,184 SF
Lot size
0.07 Acres
Property subtype
Residential Income
Site & Location
Public Transit
Yes
Utilities to Site
Yes
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$6,405
Building Details
Year Built
1930
Stories
2
Construction
Colonial-style
Listing Agency:
REALHome Services & Solutions
(678) 201-0475
Listed By:
Christopher A. Rose · License #10311208824
(678) 201-0475
Source:
Exprealty
Added: Jul 16
Changed: Aug 9
Last Checked: Aug 9 at 3:55PM
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 REALHome Services & Solutions
Investment Insights
Based on property information with market context.
This two-family Colonial-style duplex offers approximately 1,184 square feet of above-grade living space across a traditional two-story layout. The residence includes 6 total rooms, 3 bedrooms, and 2 full bathrooms, along with a full basement that provides additional storage and utility space. Built in 1930, the property has driveway parking and is connected to public water and sewer.
The approximately 3,200-square-foot lot is located in South Ozone Park within a residential setting consisting of one- and two-family homes. Major roadways, public transit, parks, shopping, dining, and neighborhood services are located nearby, with transportation connections extending throughout Queens and the greater New York metropolitan area.
The approximately 3,200-square-foot lot is located in South Ozone Park within a residential setting consisting of one- and two-family homes. Major roadways, public transit, parks, shopping, dining, and neighborhood services are located nearby, with transportation connections extending throughout Queens and the greater New York metropolitan area.
Key Highlights
- Two‑family duplex with approximately 1,184 square feet of above‑grade living space
- 6 total rooms, 3 bedrooms, and 2 full bathrooms
- Full basement for additional storage and utility 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
$28,942
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
4.36%
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%
$578,840
$578.8K
Cap Rate 7%
$413,457
$413.5K
Cap Rate 9%
$321,578
$321.6K
Market Conditions
NOI Build-Up for 1,184 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
$54.7K $46.20/SF
− Vacancy
−$2.1K −$1.76/SF
EGI
$52.6K $44.44/SF
− OpEx
−$23.7K −$20.00/SF
NOI
$28.9K $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%
$578,840
Cap Rate 7%
$413,457
Cap Rate 9%
$321,578
Alternative Uses
Best Use
Apartment 5plus
$413.5K
$361.8K – $482.4K
NOI $28,942 @ 7.0% cap · market cap 4.36%
Second Best
Multifamily LT 5
$280.0K
$245.0K – $326.6K
NOI $19,597 @ 7.0% cap · market cap 2.95%
Theoretical Best
Office A
$872.9K
$763.8K – $1.02M
NOI $61,100 @ 7.0% cap · market cap 9.21%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,168
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?
Duplex - Two-story duplex with basement storage, driveway parking, and access to public water and sewer.
Where is this duplex located?
The property is located at 13211 133rd Ave South Ozone Park, NY.
What is the asking price?
The asking price for this property is $663,500.
What are key features of this property?
This property features: Two‑family duplex with approximately 1,184 square feet of above‑grade living space; 6 total rooms, 3 bedrooms, and 2 full bathrooms; Full basement for additional storage and utility space
