Four-Level
138-12 Whitelaw Street, Ozone Park, NY 11417
For Sale
$899,000
Pending
Separate gas and electric meters serve the two units, alongside a private driveway, detached garage, and fenced yard.
Property Size1,726 SF
Days on Market12
Property Features for 138-12 Whitelaw Street
General Information
Standard status
Size
Property subtype
Units
Multifamily Units
Individually Metered Utilities
Additional Details
Utilities to Site
Taxes and HOA fees
Annual Taxes
Amenities
First Floor Full Bath
Formal Dining
Building Details
Building Size
Year Built
Buildings
Units
Listing Agency:
Esquire Realty Ciaramella & Co
Listed By:
Brina Ciaramella · License NY #10491213703
(917) 257-1584
Source:
Georgemcknight
Added: Oct 29
Changed: Nov 7
Last Checked: Nov 8 at 9:29AM
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 Esquire Realty Ciaramella & Co
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Investment Insights
Based on property information with market context.
This 1920-built, legal two-family property has four bedrooms and three full bathrooms across four levels. A second living area includes its own kitchen, while the upper floor provides additional interior space. The finished basement contains a full bathroom, extensive kitchen cabinetry, capped kitchen plumbing, and a separate exterior entrance. Two gas meters and two electric meters provide separate utility service for the units.
The property is at 138-12 Whitelaw Street in Ozone Park. A private driveway leads to a detached one-car garage, and the yard is fenced.
The property is at 138-12 Whitelaw Street in Ozone Park. A private driveway leads to a detached one-car garage, and the yard is fenced.
Key Highlights
- Legal two‑family property with 4 bedrooms and 3 full bathrooms
- Four levels, including a separate living area with its own kitchen
- Finished basement has a full bathroom, kitchen cabinetry, capped plumbing, and a separate outside entrance
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$42,651
Cap Rate
4.74%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$853,020
$853.0K
Cap Rate 7%
$609,300
$609.3K
Cap Rate 9%
$473,900
$473.9K
Market Conditions
NOI Build-Up for 1,726 SF
Gross rent
$66.3K $38.40/SF
− Vacancy
−$5.3K −$3.10/SF
EGI
$60.9K $35.30/SF
− OpEx
−$18.3K −$10.59/SF
NOI
$42.7K $24.71/SF
Area
Queens County, NY
Vacancy
8.07%
Lease Rate
$38.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$853,020
Cap Rate 7%
$609,300
Cap Rate 9%
$473,900
Alternative Uses
Best Use
Multifamily LT 5
$609.3K
$533.1K – $710.9K
NOI $42,651 @ 7.0% cap · market cap 4.74%
Second Best
Apartment 5plus
$602.7K
$527.4K – $703.2K
NOI $42,191 @ 7.0% cap · market cap 4.69%
Theoretical Best
Office A
$1.27M
$1.11M – $1.48M
NOI $89,070 @ 7.0% cap · market cap 9.91%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,650
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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Market
Properties on Market for Duplexes in Ozone Park
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Separate gas and electric meters serve the two units, alongside a private driveway, detached garage, and fenced yard.
Where is this duplex located?
The property is located at 138-12 Whitelaw Street Ozone Park, NY.
What is the asking price?
The asking price for this property is $899,000.
What are key features of this property?
This property features: Legal two‑family property with 4 bedrooms and 3 full bathrooms; Four levels, including a separate living area with its own kitchen; Finished basement has a full bathroom, kitchen cabinetry, capped plumbing, and a separate outside entrance
