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109-10 97th Street

Ozone Park, NY 11417
  • $2,098,000
  • STATUS: Active
  • ON SITE: 30 Days
  • MLS #: 3528425
UPDATED: 28 min ago
$2,098,000
  • 12
    BEDS
  • 0.09
    ACRES
  • 6
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1931
County:
Area:

School Information

Elementary School:
High School:
School District:

Description

Attention Investors! Introducing a splendid, fully detached oversized 5-family brick house in the Ozone Park neighborhood. The entire building has been luxuriously renovated from top to bottom, including water pipes, gas pipes, electrical wiring, doors, windows, roof, and exterior walls. This property has living area 5,304 SQFT on lot 4000 SQFT. Building size: 26' x 68' on a lot measuring 40' x 100'. Annual property taxes are $15,509. Both the first and second floors feature front and rear units, each offering generous 2-bedroom layouts with 1 bathroom, kitchen and a living room, and the ceiling over 9 feet height. The full-finished basement is a standout feature; it's a legal single unit with 4 bedrooms, 2 full bathrooms, and an impressive ceiling height of 8 feet. Each kitchen is equipped with granite countertops and brand-name stainless steels appliances. ALL UNITS ARE FREE MARKET RENT, WITH NO RENT CONTROLS AND RENT STABILIZED. The annual market rent for the entire building is approximately $192,000 with annual expenses totaling $25,109. The annual net income is $166,891 resulting in a 8% cap rate. The property features five separate two-in-one water heaters and boilers, 5 gas meters, and 6 electric meters. Public transportation options include the Q11, Q41, Q52-SBS, Q53-SBS, and the A train on Rockaway Blvd. This property offers convenience and flexibility for all residents. Whether you're an investor or looking for a multi-family home, this impressive brick house presents a wealth of opportunities.

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© 2024 OneKey MLS. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or TurnKey NY, LLC. Data last updated: 2024-03-01T12:20:35.447.
www.turnkeyny.com/homes/147074561
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109-10 97th Street Ozone Park, NY 11417

  • Price: $2,098,000
  • Status: Active
  • On Site: 30 Days
  • Updated: 28 min ago
  • MLS #: 3528425
12
Beds
6
Baths
0
½ Baths
0.09
Acres
1931
Built
Neighborhood:
Queens
County:
Queens
Area:
Queens
Elementary School:
Ps 108 Capt Vincent G Fowler
Middle School:
Ms 137 America's School-Heroes
High School:
John Adams High School
School District:
Queens 27
Property Description
Attention Investors! Introducing a splendid, fully detached oversized 5-family brick house in the Ozone Park neighborhood. The entire building has been luxuriously renovated from top to bottom, including water pipes, gas pipes, electrical wiring, doors, windows, roof, and exterior walls. This property has living area 5,304 SQFT on lot 4000 SQFT. Building size: 26' x 68' on a lot measuring 40' x 100'. Annual property taxes are $15,509. Both the first and second floors feature front and rear units, each offering generous 2-bedroom layouts with 1 bathroom, kitchen and a living room, and the ceiling over 9 feet height. The full-finished basement is a standout feature; it's a legal single unit with 4 bedrooms, 2 full bathrooms, and an impressive ceiling height of 8 feet. Each kitchen is equipped with granite countertops and brand-name stainless steels appliances. ALL UNITS ARE FREE MARKET RENT, WITH NO RENT CONTROLS AND RENT STABILIZED. The annual market rent for the entire building is approximately $192,000 with annual expenses totaling $25,109. The annual net income is $166,891 resulting in a 8% cap rate. The property features five separate two-in-one water heaters and boilers, 5 gas meters, and 6 electric meters. Public transportation options include the Q11, Q41, Q52-SBS, Q53-SBS, and the A train on Rockaway Blvd. This property offers convenience and flexibility for all residents. Whether you're an investor or looking for a multi-family home, this impressive brick house presents a wealth of opportunities.
Exterior Features

Architectural Style Other Attached Garage YN No Construction Materials Brick Cross Street 109th Ave Parking Features None Property Attached YN No

Interior Features

Appliances MicrowaveRefrigerator Basement Details FinishedSee Remarks Common Walls No Common Walls Cooling Wall Unit(s) Cooling YN Yes Fireplaces Total 0 Heating Natural GasHot Water Hot Water Gas Stand Alone Number Of Kitchens 5 Rooms Total 23

Property Features

Building Size 5304 Inclusions A/C UnitsMicrowaveRefrigerator Lease Considered YN No MLSArea Minor 13 New Construction YN No Number Of Separate Electric Meters 6 Number Of Separate Gas Meters 5 Property Sub Type Multi Family Senior Community YN No Sewer Other Tax Annual Amount 15509 Tax Annual Amount1 15509 Water Source See Remarks Zoning Description R4A

Listing courtesy of Kelly Wu of RE/MAX Edge: 718-288-3835
© 2024 OneKey MLS. All rights reserved.


© 2024 OneKey MLS. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or TurnKey NY, LLC. Data last updated: 2024-03-01T12:20:35.447.
 
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