Two-Family Duplex with Finished
New
For Sale
$949,000
75-07 95th Avenue, Ozone Park, NY 11416
Separate entrances serve two residential units, with a finished lower level and paved rear parking area.
Property Size1,243 SF
Lot Size0.04 Acres
Price / SF$763.48
Days on Market5
Property Features for 75-07 95th Avenue
General Information
Standard status
Active
Size
1,243 SF
Total Parking Spaces
2
Lot size
0.04 Acres
Property subtype
Residential Income
Site & Location
Highway Access
Yes
Road Access
Yes
Public Transit
Yes
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$6,106
Amenities
First Floor Bedroom
Cathedral Ceiling(s)
Eat-in Kitchen
Entrance Foyer
Storage
Walk-In Closet(s)
Building Details
Building Size
1,243 SF
Year Built
1920
Buildings
1
Stories
2
Units
2
Listing Agency:
Keller Williams Landmark II
Listed By:
George Herrera · License #10401224259
(718) 968-5538
Source:
Georgemcknight
Added: Oct 20
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 Keller Williams Landmark II
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Investment Insights
Based on property information with market context.
Built in 1920, this attached two-family property contains 1,243 square feet on an 18 x 100-foot lot, with an 18 x 32-foot building. The two upper units each have two bedrooms, a full bathroom, a kitchen, and living space. A finished basement adds recreation space, a kitchenette, and another full bathroom; access is available from the front, backyard, and first-floor interior. The gated, paved rear yard includes a two-car parking pad.
Improvements span several years: a boiler and central A/C with ductwork were installed in 2018, plumbing lines were separated in 2019, and the hot water tank and front masonry were updated in 2020. Both upper bathrooms were renovated that year. Kitchens were remodeled and laminate flooring installed in 2021; windows and the flat roof layer were replaced in 2022. The property is in Ozone Park, with the Q24 bus one block away, the A train within six blocks, and JFK Airport 12 minutes away.
Improvements span several years: a boiler and central A/C with ductwork were installed in 2018, plumbing lines were separated in 2019, and the hot water tank and front masonry were updated in 2020. Both upper bathrooms were renovated that year. Kitchens were remodeled and laminate flooring installed in 2021; windows and the flat roof layer were replaced in 2022. The property is in Ozone Park, with the Q24 bus one block away, the A train within six blocks, and JFK Airport 12 minutes away.
Key Highlights
- Two residential units, each with two bedrooms and a full bathroom
- 1,243 square feet on an 18 x 100‑foot lot; building measures 18 x 32 feet
- Finished basement includes recreation space, kitchenette, and full bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,384
Cap Rate
3.20%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$607,680
$607.7K
Cap Rate 7%
$434,057
$434.1K
Cap Rate 9%
$337,600
$337.6K
Market Conditions
NOI Build-Up for 1,243 SF
Gross rent
$57.4K $46.20/SF
− Vacancy
−$2.2K −$1.76/SF
EGI
$55.2K $44.44/SF
− OpEx
−$24.9K −$20.00/SF
NOI
$30.4K $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%
$607,680
Cap Rate 7%
$434,057
Cap Rate 9%
$337,600
Alternative Uses
Best Use
Apartment 5plus
$434.1K
$379.8K – $506.4K
NOI $30,384 @ 7.0% cap · market cap 3.20%
Second Best
Multifamily LT 5
$293.9K
$257.2K – $342.9K
NOI $20,574 @ 7.0% cap · market cap 2.17%
Theoretical Best
Office A
$916.4K
$801.8K – $1.07M
NOI $64,145 @ 7.0% cap · market cap 6.76%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
4,385
Businesses Nearby
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Business Placement
Demographics for 11416, NY
28,381
Population
8,047
Households
3.5
Avg Household Size
35
Median Age
25%
College-Educated
78%
High-School Grad
0.7 sq mi
ZIP Area
40,544
Density / Sq Mi
$85,544
Median Household Income
$43,899
Median Earnings
$1,964
Median Rent
$733,500
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 - Separate entrances serve two residential units, with a finished lower level and paved rear parking area.
Where is this duplex located?
The property is located at 75-07 95th Avenue Ozone Park, NY.
What is the asking price?
The asking price for this property is $949,000.
What are key features of this property?
This property features: Two residential units, each with two bedrooms and a full bathroom; 1,243 square feet on an 18 x 100‑foot lot; building measures 18 x 32 feet; Finished basement includes recreation space, kitchenette, and full bathroom
