Detached Brick Two-Family
133-41 123rd Street South Ozone Park, NY 11420
133-41 123rd Street, South Ozone Park, NY, 11420
$999,999
For Sale
$999,999
MULTI_FAMILY - South Ozone Park, NY
Property Size2,341 SF
Lot Size0.09 Acres
Price / SF$427.17
Days on Market331
Property Features for 133-41 123rd Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 3
- Bathrooms
- 3
- Rooms
- Bathroom 3, Bedroom 1, Bathroom 2, Bedroom 2, Bathroom 1, Bedroom 3
- Interior features
- Entrance Foyer, Master Downstairs
- Standard status
- Active
- Size
- 2,341 SF
- Lot size
- 0.09 Acres
Taxes and HOA fees
- Tax Annual Amount
- 7199
Building Details
- Year built
- 1945
Listing Agency
JENEFER JOSEPH & ASSOCIATES INC
5 Sunrise Plaza Suite 105, VALLEY STREAM, NY
Listed by
Jenefer Joseph
Added: Aug 21, 2025 Checked: Jul 17 at 4:06 pm
MLS# 11889479
Listing URL
Copyright © 2026 My State 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.
Located at 133-41 123rd Street in South Ozone Park, Queens, this detached brick Cape Cod-style two-family home offers a classic, straightforward setup with two separate units. Each unit features a traditional Cape layout with bright living space, well-proportioned bedrooms, and eat-in kitchens. Hardwood floors and classic interior details add character throughout, while the solid brick construction supports long-term durability.
The property includes a private driveway for off-street parking and a backyard for outdoor space. Total building size is 2,341 square feet on a 0.0918-acre lot. This configuration can suit buyers looking to live in one unit while renting the other.
The property includes a private driveway for off-street parking and a backyard for outdoor space. Total building size is 2,341 square feet on a 0.0918-acre lot. This configuration can suit buyers looking to live in one unit while renting the other.
Key Highlights
- Detached brick two‑family Cape Cod‑style home built in 1945
- Master bedroom is located on the main level (master downstairs)
- Interior features include an entrance foyer and hardwood floors
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $108.2k | $46.20 |
| − Vacancy | −$4.1k | −$1.76 |
| EGI | $104.0k | $44.44 |
| − OpEx | −$46.8k | −$20.00 |
| NOI | $57.2k | $24.44 |
2,341 SF · lease $46.20/SF/yr · vacancy 3.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$817.5K
$715.3K – $953.7K
NOI $57,224 @ 7.0% cap · market cap 5.72%
Second Best
Multifamily LT 5
$553.5K
$484.3K – $645.8K
NOI $38,747 @ 7.0% cap · market cap 3.87%
Theoretical Best
Office A
$1.73M
$1.51M – $2.01M
NOI $120,807 @ 7.0% cap · market cap 12.08%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Detached two-family Cape Cod features brick construction, hardwood floors, eat-in kitchens, plus a private driveway and backyard.
Where is this duplex located?
The property is located at 133-41 123rd Street South Ozone Park, NY.
What is the asking price?
The asking price for this property is $999,999.
What are key features of this property?
This property features: Detached brick two‑family Cape Cod‑style home built in 1945; Master bedroom is located on the main level (master downstairs); Interior features include an entrance foyer and hardwood floors
