Brick Three-Family
New
For Sale
$1,390,000
81-49 102nd Road, Ozone Park, NY 11416
Residential Income, Ozone Park, NY
Property Size2,650 SF
Lot Size0.04 Acres
Price / SF$524.53
Days on Market1
Property Features for 81-49 102nd Road
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
5
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 4, Bathroom 1, Bedroom 5, Bathroom 2, Bathroom 3, Bedroom 2, Bedroom 1, Bedroom 3
Parking features
Driveway
Interior features
Entrance Foyer, Master Downstairs
Subdivision
Jamaica
Standard status
Active
Size
2,650 SF
Lot size
0.04 Acres
Taxes and HOA fees
Tax Annual Amount
7820
Utilities
Heating system
Natural Gas, Baseboard
Water source
Public
Building Details
Year built
1960
Flooring type
Hardwood
Building materials
Brick
Roof type
Flat, Asphalt
Listing Agency:
LANDMARK INTERNATIONAL REAL ESTATE GROUP LLC
(917) 530-5075
Listed By:
Zhi Ying Wu
Added: Sep 16
Last Checked: Sep 16 at 8:06PM
MLS# 11983426
Copyright © 2026 My State 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 brick three-family residence contains approximately 2,650 square feet across three stories and a basement. The first floor includes one bedroom and one bathroom, while the second and third floors each offer two bedrooms, a living room, kitchen, L-shaped dining area, and one bathroom. Hardwood flooring, baseboard heating with natural gas, and an unfinished basement are among the existing features. The property was built in 1960 and is vacant.
Located at 81-49 102nd Road in Ozone Park, the home includes a driveway and is situated just steps from public transportation. Public water service and a flat asphalt roof are also reported.
Located at 81-49 102nd Road in Ozone Park, the home includes a driveway and is situated just steps from public transportation. Public water service and a flat asphalt roof are also reported.
Key Highlights
- Approximately 2,650 Sq Ft
- Three‑story brick building with unfinished basement
- Three‑family layout with 1‑bedroom and 2‑bedroom floor plans
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$64,778
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.66%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,295,560
$1.3M
Cap Rate 7%
$925,400
$925.4K
Cap Rate 9%
$719,756
$719.8K
Market Conditions
NOI Build-Up for 2,650 SF
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.
Gross rent
$122.4K $46.20/SF
− Vacancy
−$4.7K −$1.76/SF
EGI
$117.8K $44.44/SF
− OpEx
−$53.0K −$20.00/SF
NOI
$64.8K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,295,560
Cap Rate 7%
$925,400
Cap Rate 9%
$719,756
Alternative Uses
Best Use
Apartment 5plus
$925.4K
$809.7K – $1.08M
NOI $64,778 @ 7.0% cap · market cap 4.66%
Second Best
Multifamily LT 5
$626.6K
$548.3K – $731.0K
NOI $43,862 @ 7.0% cap · market cap 3.16%
Theoretical Best
Office A
$1.95M
$1.71M – $2.28M
NOI $136,753 @ 7.0% cap · market cap 9.84%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
2,156
Businesses Nearby
Explore this area
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Vacant three-story residence with an unfinished basement, hardwood flooring, and driveway parking.
Where is this triplex located?
The property is located at 81-49 102nd Road Ozone Park, NY.
What is the asking price?
The asking price for this property is $1,390,000.
What are key features of this property?
This property features: Approximately 2,650 Sq Ft; Three‑story brick building with unfinished basement; Three‑family layout with 1‑bedroom and 2‑bedroom floor plans
