Two-Unit Duplex with
New
For Sale
$1,449,000
13818 Redding Street, Ozone Park, NY 11417
Brick construction, a finished basement with separate entrance, and on-site parking add practical flexibility to the property.
Property Size3,969 SF
Price / SF$365.08
Days on Market2
Property Features for 13818 Redding Street
General Information
Standard status
Active
Size
3,969 SF
Total Parking Spaces
2
Property subtype
Residential Income
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$9,316
Amenities
First Floor Bedroom
First Floor Full Bath
Eat-in Kitchen
Building Details
Building Size
3,969 SF
Year Built
1960
Buildings
1
Units
2
Construction
brick
Listing Agency:
EXIT Realty Central
Listed By:
Arthur F. Martinez SFR · License #1041648
(347) 385-4885
Source:
Georgemcknight
Added: Oct 23
Last Checked: Oct 23 at 3:31PM
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 EXIT Realty Central
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Investment Insights
Based on property information with market context.
This brick duplex contains two units with a total of 6 bedrooms and 3 full bathrooms. A finished basement has a separate entrance, and the property includes a private driveway and a two-car garage. The building was constructed in 1960 and measures 3,969 square feet. It is scheduled for delivery vacant.
The property is located in Ozone Park, near shopping, restaurants, schools, transportation, and major roadways.
The property is located in Ozone Park, near shopping, restaurants, schools, transportation, and major roadways.
Key Highlights
- Two‑unit brick property with 6 bedrooms and 3 full bathrooms
- Finished basement with a separate entrance
- Private driveway and two‑car garage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$97,020
Cap Rate
6.70%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,940,400
$1.9M
Cap Rate 7%
$1,386,000
$1.4M
Cap Rate 9%
$1,078,000
$1.1M
Market Conditions
NOI Build-Up for 3,969 SF
Gross rent
$183.4K $46.20/SF
− Vacancy
−$7.0K −$1.76/SF
EGI
$176.4K $44.44/SF
− OpEx
−$79.4K −$20.00/SF
NOI
$97.0K $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 Rate 5%
$1,940,400
Cap Rate 7%
$1,386,000
Cap Rate 9%
$1,078,000
Alternative Uses
Best Use
Apartment 5plus
$1.39M
$1.21M – $1.62M
NOI $97,020 @ 7.0% cap · market cap 6.70%
Second Best
Multifamily LT 5
$938.5K
$821.2K – $1.09M
NOI $65,693 @ 7.0% cap · market cap 4.53%
Theoretical Best
Office A
$2.93M
$2.56M – $3.41M
NOI $204,819 @ 7.0% cap · market cap 14.14%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,188
Businesses Nearby
Explore this area
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
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Brick construction, a finished basement with separate entrance, and on-site parking add practical flexibility to the property.
Where is this duplex located?
The property is located at 13818 Redding Street Ozone Park, NY.
What is the asking price?
The asking price for this property is $1,449,000.
What are key features of this property?
This property features: Two‑unit brick property with 6 bedrooms and 3 full bathrooms; Finished basement with a separate entrance; Private driveway and two‑car garage
