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Two-Family Home with Finished Basement

9511 92nd Street, Ozone Park, NY 11416

For Sale
New
$1,489,000

Two separate residential levels each provide three bedrooms, two full bathrooms, and a kitchen.

Property Size3,220 SF
Lot Size0.10 Acres
Price / SF$462.42
Days on Market2

Property Features for 9511 92nd Street

General Information

Standard status Active
Size 3,220 SF
Lot size 0.10 Acres
Property subtype Residential Income

Units

Unit Mix 2 x 3BR/2BA
Multifamily Units 2

Taxes and HOA fees

Annual Taxes $9,232

Amenities

Finished,Walk-Out Access
Hardwood,Tile
4
No
Yes
6
First Floor Bedroom,First Floor Full Bath,Crown Molding,Granite Counters,Kitchen Island,Open Floorplan,Open Kitchen,Primary Bathroom,Master Downstairs,Storage,Washer/Dryer Hookup
Finished, Walk-Out Access
Public
2
Private
3220

Building Details

Building Size 3,220 SF
Year Built 1899
Buildings 1
Listing Agency:
Listed By: Sheraz Ali
Source: Suitsre
Added: Nov 10 Last Checked: Nov 10 at 2:20PM

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 Sheraz Ali

Rey
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Investment Insights

Based on property information with market context.

This detached two-family home contains 3,220 square feet on a 4,500-square-foot lot. Each of the two residential levels has three bedrooms, two full bathrooms, a kitchen, and living space. The first-floor unit features hardwood flooring, while the upper-level unit has elevated ceilings. A finished basement with a separate entrance includes a fifth full bathroom setup and utility hookups.

The property is located in Ozone Park. Exterior features include a paved private driveway and a backyard. Heating, electrical distribution boards, and two independent hot water heaters have been upgraded. The home was built in 1899.

Key Highlights

  • Detached two‑family home with 3,220 square feet of interior space
  • Two residential units, each with 3 bedrooms, 2 full bathrooms, and a kitchen
  • Finished basement with separate entrance and fifth full bathroom setup

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr
$79,569
Cap Rate
5.34%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,591,380 $1.6M
Cap Rate 7%
$1,136,700 $1.1M
Cap Rate 9%
$884,100 $884.1K
Market Conditions
NOI Build-Up for 3,220 SF
Gross rent
$123.6K $38.40/SF
− Vacancy
−$10.0K −$3.10/SF
EGI
$113.7K $35.30/SF
− OpEx
−$34.1K −$10.59/SF
NOI
$79.6K $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%
$1,591,380
Cap Rate 7%
$1,136,700
Cap Rate 9%
$884,100

Alternative Uses

Best Use
Multifamily LT 5
$1.14M
$994.6K – $1.33M (±1% cap)
NOI $79,569 @ 7.0% cap · market cap 5.34%
Second Best
Apartment 5plus
$1.12M
$983.9K – $1.31M (±1% cap)
NOI $78,711 @ 7.0% cap · market cap 5.29%
Theoretical Best
Office A
$2.37M
$2.08M – $2.77M (±1% cap)
NOI $166,167 @ 7.0% cap · market cap 11.16%
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

Lease Details

2
Residential units

Location Intelligence

Trade Area within ½ mile

3,096
Businesses Nearby

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

Jul
Aug
Sep
Oct

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025

Frequently Asked Questions

What type of property is this?
Duplex - Two separate residential levels each provide three bedrooms, two full bathrooms, and a kitchen.
Where is this duplex located?
The property is located at 9511 92nd Street Ozone Park, NY.
What is the asking price?
The asking price for this property is $1,489,000.
What are key features of this property?
This property features: Detached two‑family home with 3,220 square feet of interior space; Two residential units, each with 3 bedrooms, 2 full bathrooms, and a kitchen; Finished basement with separate entrance and fifth full bathroom setup
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