Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    106-49 97Th St, Unit BLDG New York City, NY 11417

    Sponsored
    For Sale
    $895,000

    MULTI_FAMILY - New York City, NY

    Property size:
    1,626 SF
    Lot size:
    0.07 Acres
    Days on Market:
    2
    Last Refresh:
    Feb 25 at 12:06 am

    Property Features for 106-49 97Th St

    General Information

    Special listing conditions
    Standard
    Property type
    Residential Multi Family
    Property subtype
    Other
    TransactionType
    Standard
    Standard status
    Active
    Rooms
    Bathroom 1, Bedroom 5, Bathroom 2, Bedroom 1, Bedroom 4, Bedroom 3, Bathroom 3, Bedroom 2
    Bedrooms
    5
    Bathrooms
    3
    Pets allowed
    Breed Restrictions
    Size
    1,626 SF
    Lot size
    0.07 Acres

    Utilities

    Heating system
    Steam

    Building Details

    Year built
    1920
    Floors in Building
    3
    Number of units
    2

    We can help!

    Listing Contact
    Martin Olsen

    Brick & Mortar LLC (718) 599-0869

    Listing agent Martin Olsen (718) 809-1099

    Listing date Feb 24, 2026

    MLS# RSFT-110000000358

    Copyright © 2026 RESoft, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Ozone Park Two-Family Home

    Located in Ozone Park, this two-family home features a classic facade, a covered front porch, and a gated entry. The property includes a private garage. The first unit offers a living room with hardwood floors, an eat-in kitchen with a gas range and dishwasher, two bedrooms, and a full bathroom. The upper residence is a duplex spanning two levels, featuring three bedrooms. The second floor includes a large open kitchen with dining space, one bedroom with closet space, and a full bathroom. The third floor has two additional bedrooms. The duplex layout provides privacy between levels. A finished basement offers flexible space for recreation, storage, workspace, or extended living needs. Positioned off Rockaway Boulevard and near Cross Bay Boulevard, the home is near the A train at Rockaway Blvd station, multiple bus lines, and major roadways. It is surrounded by shopping, supermarkets, restaurants, banks, and neighborhood businesses, and is minutes from parks and community amenities. The lot size is 0.07 acres and the property size is 1626 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Gym & Fitness Center Grocery & Convenience Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    New York City
    County
    New York
    State
    New York
    Longitude
    -73.84114838
    Latitude
    40.67916107

    Nearby Similar for Sale

    • $699,000
      0.13 Acres

      Chelsea Garden Apartment in Landmarked Building

      Charming Chelsea garden apartment with private entrance and renovated kitchen.
      162 9 Ave Unit Garden-B, New York City, NY 10011
      View Details
    • Contact for pricing

      Waldorf Astoria Corner Residence

      Luxury two-bedroom residence with Chrysler Building views and premium amenities.
      303 Park Ave, New York City, NY 10022
      View Details
    • Contact for pricing

      Fort Greene Duplex with Rooftop

      Three-bed, three-bath duplex with private rooftop garden in Fort Greene.
      144 Vanderbilt Ave, New York City, NY 11205
      View Details
    • Contact for pricing
      4,103 SF

      Broadway Penthouse with River Views

      Luxury penthouse with terraces and panoramic Hudson River views.
      2505 Broadway, New York City, NY 10025
      View Details
    • Contact for pricing

      Luxurious Two-Bedroom Residence

      Exceptional natural light and luxurious finishes in Financial District.
      1 Wall Street Ct, New York City, NY 10005
      View Details
    • Contact for pricing

      Kensington Manor Condominium Residences

      Residential development with studios, one, two, and three-bedroom homes.
      428 E 9Th St, New York City, NY 11218
      View Details
    • Contact for pricing

      Luxury Greenwood Heights Condominium

      Boutique condominium with luxury finishes and functional layouts.
      193 22Nd St, New York City, NY 11232
      View Details
    • Contact for pricing

      Luxury Dumbo Residence with Views

      Reimagined one-bedroom condo in historic Dumbo with Manhattan views.
      30 Front St, New York City, NY 11201
      View Details
    • Contact for pricing

      Pre-war Style One Bedroom Home

      One bedroom home with custom details in Upper West Side.
      393 W End Ave, New York City, NY 10024
      View Details
    • Contact for pricing
      1,912 SF

      Spacious Harlem Condo with Private Deck

      Luxurious 4-bedroom condo with private roof deck in Central Harlem.
      23 W 116Th St, New York City, NY 10026
      View Details
    • Contact for pricing

      Brooklyn Heights Waterfront Luxury Residence

      Luxury three-bedroom residence with iconic Manhattan skyline views.
      50 Brg Park Dr, New York City, NY 11201
      View Details
    • Contact for pricing

      Stately Home on Coveted Block

      Spacious, elegant home built in 2005 on a 40x100 lot.
      850 E 23Rd St, New York City, NY 11210
      View Details

    FAQs

    What type of property is this?
    Duplex - Well-kept two-family home in a vibrant Queens neighborhood.
    Where is this duplex located?
    The property is located at 106-49 97Th St, Unit BLDG New York City, NY.
    What is the asking price?
    The asking price for this property is $895,000.
    What are key features of this property?
    This property features: - Legal 2-family home offering flexibility and potential rental income.; - Private garage provides valuable convenience.; - **Upper duplex unit features 3 bedrooms and a spacious open kitchen with dining area.**
    (718) 809-1099
    Request Owner's contact information
    106-49 97Th St, Unit BLDG New York City, NY 11417
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    106-49 97Th St, Unit BLDG
    New York City, NY 11417
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    106-49 97Th St, Unit BLDG New York City, NY 11417
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Martin Olsen
    (718) 809-1099 (860) 985-6785 (718) 599-0869
    Learn more
    Google sign-in failed. Please try again or use another login method.