14947 124th Street, South Ozone Park, NY 11420

Property Description

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.