115-38 127th Street
About this property
Unlock the potential of this legal one-family home located in the desirable South Ozone Park neighborhood. Featuring 3 bedrooms, 2 bathrooms, a full basement, and an onsite garage, this property offers a solid footprint for a complete renovation. Conveniently situated just minutes from Rockaway Boulevard, public transportation, schools, shopping, dining, and other local amenities. While the home requires substantial repairs, it presents an excellent opportunity for investors, contractors, or end-users looking to customize a property to their own vision. Bring your imagination and transform this property into something special. Property is being sold strictly AS IS.
Listing details
- Property Type
- Residential
- Sub-Type
- Single Family Residence
- Year Built
- 1935
- Living Area
- 1,280 sqft
- Lot Size
- 2,000 sqft
- County
- Queens
- MLS #
- KEY1011878
- Status
- Active
Street view & aerial
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FMR for South Ozone Park, NY 11420
FY2025 · Nassau-Suffolk HUD Metro FMR Area
All bedroom sizes — ZIP 11420
| Unit Size | Monthly FMR | Annual Gross |
|---|---|---|
| Studio | $1,900 | $22,800 |
| 1 Bedroom | $2,156 | $25,872 |
| 2 Bedroom | $2,640 | $31,680 |
| 3 BedroomSubject | $3,324 | $39,888 |
| 4 Bedroom | $3,683 | $44,196 |
Source: U.S. Department of Housing & Urban Development — Nassau-Suffolk HUD Metro FMR Area, FY2025. FMR represents the 40th-percentile gross rent under the Section 8 Housing Choice Voucher program. Market rents in stable Long Island submarkets typically run 110–130% of FMR.
Mortgage calculator
Principal & interest plus taxes, insurance, and HOA. Edit any field below.
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Questions about this listing
Is 115-38 127th Street in South Ozone Park still available?
Inventory changes daily. 115-38 127th Street is currently listed as Active in OneKey® MLS. Contact East End Luxury Ltd. at (516) 449-2783 for the most up-to-date status, including any pending offers, auction date, or short-sale lender response.
Can I tour a foreclosure or short sale on Long Island?
Yes. Most distressed properties on Long Island, the Hamptons, and East End are available for showings by appointment. We coordinate access with the listing brokerage, asset manager, or seller's attorney and can typically schedule a tour within 24–72 hours.
How do offers work on a short sale or REO listing?
Short sales require lender approval and typically take 60–120 days from accepted offer to closing. REO/bank-owned listings follow asset-manager addenda and usually close in 30–45 days. Cash offers and pre-approved buyers receive priority. We guide you through every step.
Listings courtesy of OneKey® MLS as distributed by MLS GRID.
Listing last updated: 08/26/2026, 11:39 AM ET
Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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