Two-Family Duplex with
For Sale
$600,000
9409 Linden Boulevard, Ozone Park, NY 11417
Residential Income, Ozone Park, NY
Property Size1,183 SF
Lot Size0.05 Acres
Price / SF$507.19
Days on Market173
Property Features for 9409 Linden Boulevard
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
3
Bathrooms
3
Full bathrooms
3
Rooms
Bathroom 3, Bathroom 1, Basement, Bathroom 2, Bedroom 3, Bedroom 2, Bedroom 1
Parking features
Driveway
Interior features
Entrance Foyer
Basement
Finished
Special listing conditions
In Foreclosure
Standard status
Active
APN
11493-0072
Lot size
0.05 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
5672
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas
Cooling system
Wall/Window Unit(s), Window Unit(s)
Water source
Public
Building Details
Year built
1925
Number of units
1
Building materials
Frame
Listing Agency:
Coldwell Banker American Homes · Coldwell Banker Real Estate
(718) 206-1340
Listed By:
Charmaine J. Spence
(718) 502-1339
Added: Apr 11
Changed: Sep 28
Last Checked: Sep 30 at 3:06PM
MLS# 984958
Copyright © 2026 OneKey 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 legal two-family duplex was built in 1925 and contains approximately 1,183 square feet of living space across two floors. The layout includes three bedrooms, three bathrooms, a basement, an entrance foyer, and a backyard. Although configured and occupied as a single-family residence, the property is identified as a two-family home. Frame construction, natural-gas heating, window or wall/window cooling units, public water, and public sewer serve the property.
Located on Linden Boulevard in Ozone Park, the property occupies a 0.0455-acre lot and includes driveway parking. The sale is offered as-is and is subject to bank approval of a short sale.
Located on Linden Boulevard in Ozone Park, the property occupies a 0.0455-acre lot and includes driveway parking. The sale is offered as-is and is subject to bank approval of a short sale.
Key Highlights
- Legal two‑family home currently configured and occupied as a single‑family residence
- Approximately 1,183 square feet of living space across two floors
- Three bedrooms and three bathrooms
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
$28,918
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
4.82%
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%
$578,360
$578.4K
Cap Rate 7%
$413,114
$413.1K
Cap Rate 9%
$321,311
$321.3K
Market Conditions
NOI Build-Up for 1,183 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
$54.7K $46.20/SF
− Vacancy
−$2.1K −$1.76/SF
EGI
$52.6K $44.44/SF
− OpEx
−$23.7K −$20.00/SF
NOI
$28.9K $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%
$578,360
Cap Rate 7%
$413,114
Cap Rate 9%
$321,311
Alternative Uses
Best Use
Apartment 5plus
$413.1K
$361.5K – $482.0K
NOI $28,918 @ 7.0% cap · market cap 4.82%
Second Best
Multifamily LT 5
$279.7K
$244.8K – $326.4K
NOI $19,581 @ 7.0% cap · market cap 3.26%
Theoretical Best
Office A
$872.1K
$763.1K – $1.02M
NOI $61,048 @ 7.0% cap · market cap 10.17%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Single-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,603
Businesses Nearby
Explore this area
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Legal two-family residence with a basement, backyard, and driveway parking.
Where is this duplex located?
The property is located at 9409 Linden Boulevard Ozone Park, NY.
What is the asking price?
The asking price for this property is $600,000.
What are key features of this property?
This property features: Legal two‑family home currently configured and occupied as a single‑family residence; Approximately 1,183 square feet of living space across two floors; Three bedrooms and three bathrooms
