Two-Unit Residential
New
For Sale
$999,000
15018 99th Place, Ozone Park, NY 11417
Each residence has three bedrooms and two full bathrooms, and the current occupants will remain after the sale.
Property Size1,600 SF
Price / SF$624.38
Days on Market6
Property Features for 15018 99th Place
General Information
Standard status
Active
Size
1,600 SF
Property subtype
Residential Income
Units
Unit Mix
2 x 3BR/2BA
Multifamily Units
2
Additional Details
Public Transit
Yes
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$4,586
Amenities
First Floor Bedroom
First Floor Full Bath
Building Details
Building Size
1,600 SF
Year Built
1930
Units
2
Listing Agency:
Century 21 Monticello Realty
Listed By:
Jose R. Hernandez Duran
(917) 517-1019
Source:
Georgemcknight
Added: Oct 19
Changed: Oct 23
Last Checked: Oct 23 at 2:16PM
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 Century 21 Monticello Realty
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Investment Insights
Based on property information with market context.
This 1,600-square-foot, two-family residence was built in 1930. Each unit has three bedrooms and two full bathrooms. The property also includes a finished basement with its own exterior entrance and off-street parking.
The building is occupied by paying Section 8 tenants and will not be delivered vacant. Schools, shopping, restaurants, and public transportation are nearby in Ozone Park.
The building is occupied by paying Section 8 tenants and will not be delivered vacant. Schools, shopping, restaurants, and public transportation are nearby in Ozone Park.
Key Highlights
- Two‑family property with 1,600 square feet
- Each unit has 3 bedrooms and 2 full bathrooms
- Finished basement with a separate exterior entrance
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$39,111
Cap Rate
3.92%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$782,220
$782.2K
Cap Rate 7%
$558,729
$558.7K
Cap Rate 9%
$434,567
$434.6K
Market Conditions
NOI Build-Up for 1,600 SF
Gross rent
$73.9K $46.20/SF
− Vacancy
−$2.8K −$1.76/SF
EGI
$71.1K $44.44/SF
− OpEx
−$32.0K −$20.00/SF
NOI
$39.1K $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%
$782,220
Cap Rate 7%
$558,729
Cap Rate 9%
$434,567
Alternative Uses
Best Use
Apartment 5plus
$558.7K
$488.9K – $651.9K
NOI $39,111 @ 7.0% cap · market cap 3.92%
Second Best
Multifamily LT 5
$378.3K
$331.0K – $441.4K
NOI $26,483 @ 7.0% cap · market cap 2.65%
Theoretical Best
Office A
$1.18M
$1.03M – $1.38M
NOI $82,568 @ 7.0% cap · market cap 8.27%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
939
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
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Each residence has three bedrooms and two full bathrooms, and the current occupants will remain after the sale.
Where is this duplex located?
The property is located at 15018 99th Place Ozone Park, NY.
What is the asking price?
The asking price for this property is $999,000.
What are key features of this property?
This property features: Two‑family property with 1,600 square feet; Each unit has 3 bedrooms and 2 full bathrooms; Finished basement with a separate exterior entrance
