Two-Family Duplex
For Sale
$688,700
Pending
13310 116th Ave, South Ozone Park, NY 11420
Finished basement and detached garage provide added flexibility for living or storage.
Property Size2,107 SF
Days on Market101
Property Features for 13310 116th Ave
General Information
Standard status
Pending
Size
2,107 SF
Property subtype
Residential Income
Taxes and HOA fees
Annual Taxes
$8,659
Building Details
Tenancy
Multi
Listing Agency:
REALHome Services & Solutions
(678) 201-0475
Listed By:
Christopher A. Rose · License #10311208824
(678) 201-0475
Source:
Exprealty
Added: May 19
Changed: Aug 25
Last Checked: Aug 26 at 10:50AM
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 duplex-style property offers approximately 2,107 square feet of living space across multiple levels, with 6 bedrooms and 3 bathrooms. The layout includes a fully finished basement and a detached garage, providing additional flexibility for living or storage. The property is being sold as-is.
Located at 13310 116th Ave in South Ozone Park, the property is situated in an established residential area characterized by one- to two-family properties. The location provides access to schools, shopping, transportation, and major roadways, supporting everyday connectivity in the surrounding area.
Located at 13310 116th Ave in South Ozone Park, the property is situated in an established residential area characterized by one- to two-family properties. The location provides access to schools, shopping, transportation, and major roadways, supporting everyday connectivity in the surrounding area.
Key Highlights
- Approximately 2, 107 sq ft of living space
- 6 bedrooms and 3 bathrooms
- Two‑family duplex‑style layout with multiple levels of finished living area
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
$51,504
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
7.48%
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%
$1,030,080
$1.0M
Cap Rate 7%
$735,771
$735.8K
Cap Rate 9%
$572,267
$572.3K
Market Conditions
NOI Build-Up for 2,107 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
$97.3K $46.20/SF
− Vacancy
−$3.7K −$1.76/SF
EGI
$93.6K $44.44/SF
− OpEx
−$42.1K −$20.00/SF
NOI
$51.5K $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 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%
$1,030,080
Cap Rate 7%
$735,771
Cap Rate 9%
$572,267
Alternative Uses
Best Use
Apartment 5plus
$735.8K
$643.8K – $858.4K
NOI $51,504 @ 7.0% cap · market cap 7.48%
Second Best
Multifamily LT 5
$498.2K
$435.9K – $581.2K
NOI $34,874 @ 7.0% cap · market cap 5.06%
Theoretical Best
Office A
$1.55M
$1.36M – $1.81M
NOI $108,731 @ 7.0% cap · market cap 15.79%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,240
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Finished basement and detached garage provide added flexibility for living or storage.
Where is this duplex located?
The property is located at 13310 116th Ave South Ozone Park, NY.
What is the asking price?
The asking price for this property is $688,700.
What are key features of this property?
This property features: Approximately 2, 107 sq ft of living space; 6 bedrooms and 3 bathrooms; Two‑family duplex‑style layout with multiple levels of finished living area
