109-10 97th Street

Ozone Park

SOLD

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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.

Listing Courtesy of re/max edge