14947 124th Street, S. Ozone Park (South Ozone Park), NY, 11420 | $970,000

Well-maintained two-family brick and vinyl-sided property situated on an oversized, highly desirable corner lot in the heart of South Ozone Park. A prime opportunity for investors seeking stable income, long-term appreciation, and future upside. The building features two large units with formal, traditional floorplans, each offering three spacious bedrooms and a full bathroom, making them ideal for strong rental demand in this market. Excellent off-street parking adds significant value for tenants and owner-occupants alike. A full basement spans the footprint of the home and presents substantial expansion and value-add potential (subject to approvals), whether for additional living space, storage, or other permitted uses. Solid construction, generous layouts, and a functional configuration make this property well-suited for buy-and-hold investors, 1031 exchange buyers, or those looking to enhance cash flow through renovations or repositioning. Located in a high-demand South Ozone Park neighborhood known for its convenience and accessibility. Close proximity to multiple bus lines, nearby subway access, and major roadways including the Belt Parkway and Van Wyck Expressway provides seamless commuting throughout Brooklyn, Queens, and Manhattan. Minutes from JFK Airport—an added draw for airport employees and frequent travelers. Surrounded by everyday amenities including supermarkets, shopping centers, restaurants, cafes, schools, houses of worship, and local services along Cross Bay Boulevard and Rockaway Boulevard. Nearby attractions include Resorts World Casino, Aqueduct Racetrack, and neighborhood parks and recreation areas. A rare corner-lot two-family offering in a well-established, transit-rich area with consistent rental demand and strong long-term growth potential. OCCUPIED, SOLD-AS IS / WHERE IS with NO ACCESS TO PROPERTY, DO NOT DISTURB OCCUPANTS. It is a criminal offense to trespass on this property. Buyer agrees to take the property AS-IS including indemnifying the Seller related to any occupancy related title exceptions.

Features

  • Town: S. Ozone Park
  • Bedrooms: 6
  • Baths: 2 full
  • Style: Duplex
  • Year Built: 1960
  • Heating: Baseboard, Natural Gas
  • Cooling: None
  • Basement: Full
  • Acreage: 0.18
  • Est. Taxes: $7,354
  • Lot Desc: Corner Lot, Level
  • Elem. School: Contact Agent
  • High School: Contact Agent
  • School District: Contact Agent
  • MLS#: 959627
  • Days on Market: 49 days
  • Website: https://www.raveis.com
    /prop/959627/14947124thstreet_sozonepark_ny?source=qrflyer
Listing information has been assembled from various sources of varying degrees of reliability. Any information critical to the buying decision should be independently verified.Listing courtesy of Vylla Home   Phone: 845-204-3566

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Frank KolbSenior Vice President - Coaching & Strategic, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 81725

203.980.8025

Frank.Kolb@raveis.com

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14947 124th Street, S. Ozone Park (South Ozone Park), NY, 11420

$970,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Frank Kolb

Senior Vice President - Coaching & Strategic

William Raveis Mortgage, LLC

Phone: 203.980.8025

Frank.Kolb@raveis.com

NMLS Mortgage Loan Originator ID 81725

5/6 (30 Yr)
Adjustable Rate Jumbo*
30 Year
Fixed-Rate Jumbo
15 Year
Fixed-Rate Jumbo
Loan Amount $776,000 $776,000 $776,000
Term 360 months 360 months 180 months
Initial Interest Rate** 5.500% 6.250% 6.000%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 6.165% 6.361% 6.183%
Monthly Tax Payment $613 $613 $613
H/O Insurance Payment $92 $92 $92
Initial Principal & Interest Pmt $4,406 $4,778 $6,548
Total Monthly Payment $5,111 $5,483 $7,253

* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.

** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.

The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.