Brick Two-Family
For Sale
$998,000
9532 92nd Street, Ozone Park, NY 11416
Residential Income, Ozone Park, NY
Property Size1,856 SF
Lot Size0.04 Acres
Price / SF$537.72
Days on Market12
Property Features for 9532 92nd Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
6
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 5, Bedroom 4, Basement, Bedroom 6, Bedroom 1, Bedroom 2, Bedroom 3, Bathroom 1, Bathroom 2
Parking features
On Street
Window features
Aluminum Frames
Interior features
First Floor Bedroom, First Floor Full Bath
Exterior features
Mailbox
Basement
Finished
Elementary school
Ps 273
Middle school
Jhs 210 Elizabeth Blackwell
High school
Richmond Hill High School
Elementary school district
Queens 27
Middle school district
Queens 27
High school district
Queens 27
Standard status
Active
APN
09031-0120
Lot size
0.04 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
6867
Utilities
Sewer type
Public Sewer
Heating system
Hot Water(Heating), Baseboard, Natural Gas
Cooling system
Wall/Window Unit(s), Window Unit(s)
Water source
Public
Building Details
Year built
1920
Number of units
2
Flooring type
Hardwood
Building materials
Brick
Architectural style
Colonial
Listing Agency:
RE/MAX 1st Choice · RE/MAX International
(516) 888-6000
Listed By:
Theresa Xia Lin · License #10301218367
(516) 888-6000
Added: Aug 17
Changed: Aug 28
Last Checked: Aug 28 at 9:06PM
MLS# 1043708
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 1920 Colonial-style duplex is a brick two-family residence with approximately 1,856 square feet of interior space. The layout includes six bedrooms and two full bathrooms, with three bedrooms and one bathroom arranged on each floor. Hardwood flooring, baseboard and hot-water heating, natural-gas service, and wall or window air-conditioning units are included. A full basement with its own entrance adds flexible interior space, while first-floor bedroom and full-bath features support accessible day-to-day living. The property is offered in as-is condition.
Set on a 16 x 100 lot at 9532 92nd Street in Ozone Park, Queens, the home has public water and sewer service and on-street parking. Supermarkets, subway transportation, parks, restaurants, schools, shopping, and other everyday amenities are located nearby.
Set on a 16 x 100 lot at 9532 92nd Street in Ozone Park, Queens, the home has public water and sewer service and on-street parking. Supermarkets, subway transportation, parks, restaurants, schools, shopping, and other everyday amenities are located nearby.
Key Highlights
- Two‑family brick residence with 6 bedrooms and 2 full bathrooms
- Approximately 1,856 sq. ft. of interior space
- Each floor includes 3 bedrooms and 1 full bathroom
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
$45,369
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
4.55%
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%
$907,380
$907.4K
Cap Rate 7%
$648,129
$648.1K
Cap Rate 9%
$504,100
$504.1K
Market Conditions
NOI Build-Up for 1,856 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
$85.7K $46.20/SF
− Vacancy
−$3.3K −$1.76/SF
EGI
$82.5K $44.44/SF
− OpEx
−$37.1K −$20.00/SF
NOI
$45.4K $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 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%
$907,380
Cap Rate 7%
$648,129
Cap Rate 9%
$504,100
Alternative Uses
Best Use
Apartment 5plus
$648.1K
$567.1K – $756.2K
NOI $45,369 @ 7.0% cap · market cap 4.55%
Second Best
Multifamily LT 5
$438.9K
$384.0K – $512.0K
NOI $30,720 @ 7.0% cap · market cap 3.08%
Theoretical Best
Office A
$1.37M
$1.20M – $1.60M
NOI $95,779 @ 7.0% cap · market cap 9.60%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
3,096
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
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 - Two residential units provide three bedrooms and one full bath on each floor.
Where is this duplex located?
The property is located at 9532 92nd Street Ozone Park, NY.
What is the asking price?
The asking price for this property is $998,000.
What are key features of this property?
This property features: Two‑family brick residence with 6 bedrooms and 2 full bathrooms; Approximately 1,856 sq. ft. of interior space; Each floor includes 3 bedrooms and 1 full bathroom
