2-Unit Duplex with Finished
14939 123rd Street, South Ozone Park, NY 11420
For Sale
New
$1,499,000
Both residences have three bedrooms, separate gas and electric meters, and updated kitchens.
Property Size1,910 SF
Lot Size0.09 Acres
Price / SF$784.82
Days on Market3
Property Features for 14939 123rd Street
General Information
Standard status
Size
Lot size
Property subtype
Site & Location
Highway Access
Public Transit
Utilities to Site
Units
Unit Mix
Multifamily Units
Individually Metered Utilities
Additional Details
Tenant in Place
Taxes and HOA fees
Annual Taxes
Amenities
laundry room
Finished,Full
Yes
First Floor Bedroom,Ceiling Fan(s),Chandelier,Crown Molding,Eat-in Kitchen,Entrance Foyer,Formal Dining,High Ceilings,His and Hers Closets,Kitchen Island,Pantry,Primary Bathroom,Master Downstairs
Finished, Full
First Floor Bedroom,Ceiling Fan(s),Chandelier,Crown Molding,Eat-in Kitchen,Entrance Foyer,Formal Dining,High Ceilings,His and Hers Closets,Kitchen Island,Pantry,Primary Bathroom,Master Downstairs,Rec
Public
No
Driveway, Garage
Pillar/Post/Pier
1910
Building Details
Building Size
Year Built
Buildings
Listing Agency:
Real Estate Homes LLC
(914) 788-6339
Listed By:
Emmanuel Faure
(917) 750-0466
Source:
Schunkrealtygroup
Added: Nov 7
Changed: Nov 9
Last Checked: Nov 9 at 12:04AM
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 Real Estate Homes LLC
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Investment Insights
Based on property information with market context.
This 1,910-square-foot duplex, built in 1960 on a 3,900-square-foot lot, contains two renovated residences, each with three bedrooms and one bathroom. The first-floor unit has an updated kitchen with an island, granite counters, and stainless steel appliances; the second-floor kitchen includes renovated counters, appliances, and a pantry. Both units have formal dining and living rooms, and the second-floor residence is occupied by tenants. Separate gas and electric meters serve the property.
The finished basement has high ceilings, a third kitchen, laundry and utility rooms, pantry and closet storage, and three exits. The exterior includes a backyard with a ceramic deck, a garage, and driveway parking for two to three cars. The property is in South Ozone Park, near JFK Airport, bus and subway service, and the Belt Parkway.
The finished basement has high ceilings, a third kitchen, laundry and utility rooms, pantry and closet storage, and three exits. The exterior includes a backyard with a ceramic deck, a garage, and driveway parking for two to three cars. The property is in South Ozone Park, near JFK Airport, bus and subway service, and the Belt Parkway.
Key Highlights
- Two renovated units, each with 3 bedrooms and 1 bathroom
- Separate gas and electric meters
- Finished basement with a third kitchen, laundry and utility rooms, and 3 exits
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$47,198
Cap Rate
3.15%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$943,960
$944.0K
Cap Rate 7%
$674,257
$674.3K
Cap Rate 9%
$524,422
$524.4K
Market Conditions
NOI Build-Up for 1,910 SF
Gross rent
$73.3K $38.40/SF
− Vacancy
−$5.9K −$3.10/SF
EGI
$67.4K $35.30/SF
− OpEx
−$20.2K −$10.59/SF
NOI
$47.2K $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%
$943,960
Cap Rate 7%
$674,257
Cap Rate 9%
$524,422
Alternative Uses
Best Use
Multifamily LT 5
$674.3K
$590.0K – $786.6K
NOI $47,198 @ 7.0% cap · market cap 3.15%
Second Best
Apartment 5plus
$667.0K
$583.6K – $778.2K
NOI $46,689 @ 7.0% cap · market cap 3.11%
Theoretical Best
Office A
$1.41M
$1.23M – $1.64M
NOI $98,565 @ 7.0% cap · market cap 6.58%
Zoning and permitted uses should be independently verified with authorities.
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See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
606
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
$673,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Duplexes in South Ozone Park, NY
Properties on Market for Duplexes in South Ozone Park
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Both residences have three bedrooms, separate gas and electric meters, and updated kitchens.
Where is this duplex located?
The property is located at 14939 123rd Street South Ozone Park, NY.
What is the asking price?
The asking price for this property is $1,499,000.
What are key features of this property?
This property features: Two renovated units, each with 3 bedrooms and 1 bathroom; Separate gas and electric meters; Finished basement with a third kitchen, laundry and utility rooms, and 3 exits
