Residential Income
New
For Sale
$1,900,000
150-24 117th Street, South Ozone Park, NY 11420
The property dates to 1950.
Property Size6,000 SF
Price / SF$316.67
Days on Market4
Property Features for 150-24 117th Street
General Information
Standard status
Active
Size
6,000 SF
Property subtype
Residential Income
Taxes and HOA fees
Annual Taxes
$9,536
Amenities
Finished,Full
10
No
8
First Floor Bedroom,First Floor Full Bath
Finished, Full
Public
Attached, Private
Building Details
Year Built
1950
Listing Agency:
(631) 613-8782
Listed By:
Geralda Desir
Source:
Goldcrestrealtygrp
Added: Oct 31
Last Checked: Nov 3 at 7:18AM
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 Geralda Desir
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Investment Insights
Based on property information with market context.
This residential income property was built in 1950.
Key Highlights
- Built in 1950
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$146,667
Cap Rate
7.72%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,933,340
$2.9M
Cap Rate 7%
$2,095,243
$2.1M
Cap Rate 9%
$1,629,633
$1.6M
Market Conditions
NOI Build-Up for 6,000 SF
Gross rent
$277.2K $46.20/SF
− Vacancy
−$10.5K −$1.76/SF
EGI
$266.7K $44.44/SF
− OpEx
−$120.0K −$20.00/SF
NOI
$146.7K $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%
$2,933,340
Cap Rate 7%
$2,095,243
Cap Rate 9%
$1,629,633
Alternative Uses
Best Use
Apartment 5plus
$2.10M
$1.83M – $2.44M
NOI $146,667 @ 7.0% cap · market cap 7.72%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.42M
$3.87M – $5.16M
NOI $309,629 @ 7.0% cap · market cap 16.30%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Location Intelligence
Trade Area within ½ mile
2,632
Businesses Nearby
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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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Frequently Asked Questions
What type of property is this?
Residential income property - The property dates to 1950.
Where is this residential income property located?
The property is located at 150-24 117th Street South Ozone Park, NY.
What is the asking price?
The asking price for this property is $1,900,000.
What are key features of this property?
This property features: Built in 1950
