Legal Two-Family Brick
150-14 127th Street South Ozone Park, NY 11420
For Sale
$1,150,000
Pending
MULTI_FAMILY - Colonial - South Ozone Park, NY
Property Size1,824 SF
Lot Size0.11 Acres
Days on Market114
Property Features for 150-14 127th Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
6
Bathrooms
5
Rooms
Bathroom 2, Bedroom 2, Bathroom 5, Bedroom 5, Bathroom 1, Bathroom 3, Basement, Bathroom 4, Bedroom 4, Bedroom 6, Bedroom 1, Bedroom 3
Parking features
Driveway
Interior features
First Floor Bedroom, First Floor Full Bath, Ceiling Fan(s)
Basement
Full
Standard status
Pending
APN
11895-0045
Lot size
0.11 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
7970
Utilities
Sewer type
Public Sewer
Heating system
Baseboard
Cooling system
Wall/Window Unit(s), Window Unit(s)
Water source
Public
Building Details
Year built
1970
Number of units
2
Flooring type
Hardwood
Building materials
Frame
Architectural style
Colonial
Listing Agency:
Keller Williams Landmark II
(347) 846-1200
Listed By:
Vincent Thompson
(718) 749-9192
Added: Apr 8
Changed: Jul 28
Last Checked: Jul 30 at 12:06AM
MLS# 964636
Copyright © 2026 OneKey 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.
This legal two-family brick duplex offers a spacious, functional layout designed for extended households or residential income use. The home includes 6 bedrooms, 3 full bathrooms, and 2 half bathrooms, with a total size of 1,824 square feet. A full finished basement adds additional flexible living space, and it features a rear outside entrance for convenient access.
Set on a 5,000 square foot lot measuring 50 by 100, the property provides outdoor space alongside the interior square footage. The home is located in South Ozone Park, Queens, near JFK Airport, with proximity to shopping, transportation, schools, and major roadways.
For buyers and investors seeking a multi-unit residence, the duplex configuration and basement expansion support a practical tenant or household setup. The rear outside entrance to the basement can also be useful for day-to-day movement and flexibility in how the additional space is used, depending on the next occupant’s needs.
Set on a 5,000 square foot lot measuring 50 by 100, the property provides outdoor space alongside the interior square footage. The home is located in South Ozone Park, Queens, near JFK Airport, with proximity to shopping, transportation, schools, and major roadways.
For buyers and investors seeking a multi-unit residence, the duplex configuration and basement expansion support a practical tenant or household setup. The rear outside entrance to the basement can also be useful for day-to-day movement and flexibility in how the additional space is used, depending on the next occupant’s needs.
Key Highlights
- Legal two‑family colonial home in South Ozone Park with duplex‑style layout and income‑focused configuration
- Total of 1,824 sq ft with 6 bedrooms and 3 full bathrooms plus 2 half bathrooms
- Full finished basement with rear outside entrance for additional living space
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 | $84.3k | $46.20 |
| − Vacancy | −$3.2k | −$1.76 |
| EGI | $81.1k | $44.44 |
| − OpEx | −$36.5k | −$20.00 |
| NOI | $44.6k | $24.44 |
1,824 SF · lease $46.20/SF/yr · vacancy 3.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$637.0K
$557.3K – $743.1K
NOI $44,587 @ 7.0% cap · market cap 3.88%
Second Best
Multifamily LT 5
$431.3K
$377.4K – $503.2K
NOI $30,190 @ 7.0% cap · market cap 2.63%
Theoretical Best
Office A
$1.34M
$1.18M – $1.57M
NOI $94,127 @ 7.0% cap · market cap 8.18%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Duplex - A legal two-family brick home with multiple bedrooms and a finished basement with a rear outside entrance in South Ozone Park.
Where is this duplex located?
The property is located at 150-14 127th Street South Ozone Park, NY.
What is the asking price?
The asking price for this property is $1,150,000.
What are key features of this property?
This property features: Legal two‑family colonial home in South Ozone Park with duplex‑style layout and income‑focused configuration; Total of 1,824 sq ft with 6 bedrooms and 3 full bathrooms plus 2 half bathrooms; Full finished basement with rear outside entrance for additional living space
