Ozone Park, NY 11417,109-10 97th ST
$1,900,000
$2,098,000
9.4%
Est.Price: ?

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12 BD
6 BA
3,920 Sqft Lot

109-10 97th ST Ozone Park, NY 11417

Est. payment /mo
SOLD DATE : 04/17/2024

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Key Details

Sold Price $1,900,000

Property Type Multi-Family

Sub Type Multi Family

Listing Status Sold

Purchase Type For Sale

MLS Listing ID 3528425

Sold Date 04/17/24

Style Other

Bedrooms 12

Full Baths 6

Originating Board onekey

Rental Info No

Year Built 1931

Annual Tax Amount $15,509

Lot Size 3,920 Sqft

Acres 0.09

Lot Dimensions 40x100

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.

Location

State NY

County Queens

Zoning R4A

Rooms

Basement Finished, See Remarks

Kitchen 5

Interior

Heating Natural Gas, Hot Water

Cooling Wall Unit(s)

Fireplace Y

Appliance Microwave, Refrigerator

Exterior

Garage None

Parking Type None

Garage No

Building

Sewer Other

Water See Remarks

Structure Type Brick

New Construction No

Schools

Elementary Schools Ps 108 Capt Vincent G Fowler

Middle Schools Ms 137 America'S School-Heroes

High Schools John Adams High School

School District Queens 27

Others

Senior Community No

Special Listing Condition None

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Listed by RE/MAX Edge • 718-288-3835
Bought with E Realty International Corp

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Roberto Ayala

Broker Associate | License ID: 10301207407

+1(917) 710-8792

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