Share Listing
Save Listing
109-10 97th Street
House in Ozone Park •  building info
12bd • 6ba • 4,000ft² $525 per ft²
Sold price


Key Details
Days on market
Last price change
Estimated payment
Monthly maintenance
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.

Read Less

Important Stuff
Pets allowed
Building Amenities
Bike Room
Fios Available
Parking Available
What it'll cost
Purchase price
Asking Price: $2,098,000
30 Years
Down Payment
$209,000 (10%)
Min: 10% (209,000)
6.5 %
Mortgage Amount
Mortgage Payment
Estimated closing cost
Total monthly cost $13,227
Listing Courtesy of RE/MAX Edge

Information ©2024, OneKey MLS. All rights reserved. The source of the displayed data is either the property owner or public record provided by non-governmental third parties. It is believed to be reliable but not guaranteed.