Brick Duplex with Hardwood
For Sale
$930,000
Pending
97-47 91st Street, Ozone Park, NY 11416
Residential Income, Ozone Park, NY
Property Size1,512 SF
Lot Size0.04 Acres
Days on Market71
Property Features for 97-47 91st Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
4
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 1, Basement, Bedroom 3, Bathroom 3, Bedroom 4, Bathroom 2, Bedroom 2, Bathroom 1
Parking features
On Street
Interior features
First Floor Full Bath, Open Floorplan
Basement
Finished
Elementary school
Contact Agent
Middle school
Call Listing Agent
High school
Contact Agent
Elementary school district
Contact Agent
Middle school district
Contact Agent
High school district
Contact Agent
Directions
See MapQuest, Gps etc...
Standard status
Pending
APN
09065-0035
Lot size
0.04 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
7248
Utilities
Utilities
Natural Gas Available
Sewer type
Public Sewer
Heating system
Natural Gas
Water source
Public
Amenities
hardwood floors
stainless steel appliances
cooktop
washer and dryer
outdoor entertainment backyard
Building Details
Year built
1940
Number of units
2
Building materials
Brick
Listing Agency:
Winzone Realty Inc
(718) 899-7000
Listed By:
Padmoutie G. Singh · License #40SI0946922
(917) 693-6346
Added: Jun 26
Changed: Sep 3
Last Checked: Sep 4 at 5:06AM
MLS# 1019142
Copyright © 2026 OneKey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This legal two-family brick residence in Ozone Park offers approximately 1,512 square feet of living space with four bedrooms and three full bathrooms. Hardwood flooring extends throughout the home, while the interior includes an open floorplan, a first-floor full bath, basement space, stainless steel appliances, a cooktop, and a washer and dryer. Natural gas heating serves the property.
The residence sits on a 0.0413-acre lot at 97-47 91st Street. Public water and public sewer are available, and parking is provided on the street. An outdoor backyard area adds usable exterior space to the property, which was built in 1940.
The residence sits on a 0.0413-acre lot at 97-47 91st Street. Public water and public sewer are available, and parking is provided on the street. An outdoor backyard area adds usable exterior space to the property, which was built in 1940.
Key Highlights
- Legal 2‑family residence with approximately 1,512 square feet of living space
- Four bedrooms and 3 full bathrooms
- Hardwood floors throughout the home
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$36,960
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.97%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$739,200
$739.2K
Cap Rate 7%
$528,000
$528.0K
Cap Rate 9%
$410,667
$410.7K
Market Conditions
NOI Build-Up for 1,512 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$69.9K $46.20/SF
− Vacancy
−$2.7K −$1.76/SF
EGI
$67.2K $44.44/SF
− OpEx
−$30.2K −$20.00/SF
NOI
$37.0K $24.44/SF
Area
Queens County, NY
Vacancy
3.80%
Lease Rate
$46.20 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$739,200
Cap Rate 7%
$528,000
Cap Rate 9%
$410,667
Alternative Uses
Best Use
Apartment 5plus
$528.0K
$462.0K – $616.0K
NOI $36,960 @ 7.0% cap · market cap 3.97%
Second Best
Multifamily LT 5
$357.5K
$312.8K – $417.1K
NOI $25,026 @ 7.0% cap · market cap 2.69%
Theoretical Best
Office A
$1.11M
$975.3K – $1.30M
NOI $78,026 @ 7.0% cap · market cap 8.39%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
2,578
Businesses Nearby
Explore this area
Business Placement
Demographics for 11416, NY
28,381
Population
8,047
Households
3.5
Avg Household Size
35
Median Age
25%
College-Educated
78%
High-School Grad
0.7 sq mi
ZIP Area
40,544
Density / Sq Mi
$85,544
Median Household Income
$43,899
Median Earnings
$1,964
Median Rent
$733,500
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Legal two-family property with stainless steel appliances, natural gas heating, and a private backyard setting.
Where is this duplex located?
The property is located at 97-47 91st Street Ozone Park, NY.
What is the asking price?
The asking price for this property is $930,000.
What are key features of this property?
This property features: Legal 2‑family residence with approximately 1,512 square feet of living space; Four bedrooms and 3 full bathrooms; Hardwood floors throughout the home
