Detached Full-Brick
New
For Sale
$1,249,000
133-32 115 Street, South Ozone Park, NY 11420
Rebuilt in 2011 with a finished basement and dual-zone central heating and cooling.
Property Size1,850 SF
Price / SF$675.14
Days on Market4
Property Features for 133-32 115 Street
General Information
Standard status
Active
Size
1,850 SF
Property subtype
Multi Family
Site & Location
Highway Access
Yes
Public Transit
Yes
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$6,281
Amenities
central heating and cooling
finished basement
hardwood floors
Building Details
Building Size
1,850 SF
Year Renovated
2011
Construction
full-brick
Listing Agency:
Ashford Homes LLC
Listed By:
Jia Huang · License #10401354676
(929) 364-1301
Source:
Penrealty
Added: Sep 5
Changed: Sep 7
Last Checked: Sep 7 at 2:49PM
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 Ashford Homes LLC
Investment Insights
Based on property information with market context.
This fully detached, full-brick duplex at 133-32 115 Street provides 1,850 sq. ft. of above-ground living space plus a finished basement. The two-family configuration includes two bedrooms on each floor and four bathrooms overall, with hardwood flooring throughout. The basement can serve as a recreation room, home office, or gym. Rebuilt in 2011, the property includes updated electrical wiring and plumbing along with dual-zone central heating and cooling.
Exterior features include a private driveway accommodating up to four vehicles, a detached garage, and paved front and back yards. The property is in South Ozone Park, NY 11420, with access to local transit, major highways, schools, and shopping.
Exterior features include a private driveway accommodating up to four vehicles, a detached garage, and paved front and back yards. The property is in South Ozone Park, NY 11420, with access to local transit, major highways, schools, and shopping.
Key Highlights
- Fully detached, full‑brick duplex rebuilt in 2011
- 1,850 sq. ft. of above‑ground living space plus a finished basement
- Two bedrooms on each floor with four bathrooms total
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
$45,222
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
3.62%
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%
$904,440
$904.4K
Cap Rate 7%
$646,029
$646.0K
Cap Rate 9%
$502,467
$502.5K
Market Conditions
NOI Build-Up for 1,850 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
$85.5K $46.20/SF
− Vacancy
−$3.2K −$1.76/SF
EGI
$82.2K $44.44/SF
− OpEx
−$37.0K −$20.00/SF
NOI
$45.2K $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%
$904,440
Cap Rate 7%
$646,029
Cap Rate 9%
$502,467
Alternative Uses
Best Use
Apartment 5plus
$646.0K
$565.3K – $753.7K
NOI $45,222 @ 7.0% cap · market cap 3.62%
Second Best
Multifamily LT 5
$437.4K
$382.8K – $510.3K
NOI $30,620 @ 7.0% cap · market cap 2.45%
Theoretical Best
Office A
$1.36M
$1.19M – $1.59M
NOI $95,469 @ 7.0% cap · market cap 7.64%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,527
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 - Rebuilt in 2011 with a finished basement and dual-zone central heating and cooling.
Where is this duplex located?
The property is located at 133-32 115 Street South Ozone Park, NY.
What is the asking price?
The asking price for this property is $1,249,000.
What are key features of this property?
This property features: Fully detached, full‑brick duplex rebuilt in 2011; 1,850 sq. ft. of above‑ground living space plus a finished basement; Two bedrooms on each floor with four bathrooms total
