Two-Unit Residential
94-27 85th St, Ozone Park, NY 11416
For Sale
$740,000
Two kitchens and driveway parking serve a four-bedroom, two-bath residence.
Property Size1,408 SF
Price / SF$525.57
Days on Market36
Property Features for 94-27 85th St
General Information
Standard status
Size
Property subtype
Building Details
Year Built
Construction
Listing Agency:
Island Advantage Realty LLC
Listed By:
Todd A. Yovino · License NY 49YO0956714
(631) 351-6000
Source:
Searchhomesinlongisland
Added: Oct 5
Changed: Nov 8
Last Checked: Nov 8 at 6:35AM
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 Island Advantage Realty LLC
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1,408-square-foot duplex was built in 1910 and contains four bedrooms, two full bathrooms, and two eat-in kitchens. Driveway parking is also part of the property.
Key Highlights
- Four bedrooms and two full bathrooms
- Two eat‑in kitchens
- 1,408 square feet
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$34,793
Cap Rate
4.70%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$695,860
$695.9K
Cap Rate 7%
$497,043
$497.0K
Cap Rate 9%
$386,589
$386.6K
Market Conditions
NOI Build-Up for 1,408 SF
Gross rent
$54.1K $38.40/SF
− Vacancy
−$4.4K −$3.10/SF
EGI
$49.7K $35.30/SF
− OpEx
−$14.9K −$10.59/SF
NOI
$34.8K $24.71/SF
Area
Queens County, NY
Vacancy
8.07%
Lease Rate
$38.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$695,860
Cap Rate 7%
$497,043
Cap Rate 9%
$386,589
Alternative Uses
Best Use
Multifamily LT 5
$497.0K
$434.9K – $579.9K
NOI $34,793 @ 7.0% cap · market cap 4.70%
Second Best
Apartment 5plus
$491.7K
$430.2K – $573.6K
NOI $34,418 @ 7.0% cap · market cap 4.65%
Theoretical Best
Office A
$1.04M
$908.3K – $1.21M
NOI $72,660 @ 7.0% cap · market cap 9.82%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Location Intelligence
Trade Area within ½ mile
1,948
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
Properties on Market for Duplexes in Ozone Park
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two kitchens and driveway parking serve a four-bedroom, two-bath residence.
Where is this duplex located?
The property is located at 94-27 85th St Ozone Park, NY.
What is the asking price?
The asking price for this property is $740,000.
What are key features of this property?
This property features: Four bedrooms and two full bathrooms; Two eat‑in kitchens; 1,408 square feet
