Multifamily Property with Detached
101-14 94th St, Ozone Park, NY 11416
For Sale
$1,199,000
A detached garage accompanies the residential property in Ozone Park.
Property Size2,096 SF
Price / SF$572.04
Days on Market16
Property Features for 101-14 94th St
General Information
Standard status
Size
Property subtype
Additional Details
Public Transit
Amenities
detached garage
Building Details
Year Built
Listing Agency:
Exit Realty Continental
Listed By:
Mohammed Rasel
(718) 255-1555
Source:
Searchhomesinlongisland
Added: Oct 23
Changed: Nov 7
Last Checked: Nov 7 at 12:54PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Exit Realty Continental
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Investment Insights
Based on property information with market context.
This multifamily property at 101-14 94th St in Ozone Park contains 2,096 square feet and dates to 1930. A detached garage is also part of the property.
The address is in Queens, New York, and the property is near local shopping, dining, and commuter transit options.
The address is in Queens, New York, and the property is near local shopping, dining, and commuter transit options.
Key Highlights
- 2,096 square feet of property area
- Detached garage
- Built in 1930
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$51,236
Cap Rate
4.27%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,024,720
$1.0M
Cap Rate 7%
$731,943
$731.9K
Cap Rate 9%
$569,289
$569.3K
Market Conditions
NOI Build-Up for 2,096 SF
Gross rent
$96.8K $46.20/SF
− Vacancy
−$3.7K −$1.76/SF
EGI
$93.2K $44.44/SF
− OpEx
−$41.9K −$20.00/SF
NOI
$51.2K $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 Rate 5%
$1,024,720
Cap Rate 7%
$731,943
Cap Rate 9%
$569,289
Alternative Uses
Best Use
Apartment 5plus
$731.9K
$640.5K – $853.9K
NOI $51,236 @ 7.0% cap · market cap 4.27%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.55M
$1.35M – $1.80M
NOI $108,164 @ 7.0% cap · market cap 9.02%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Location Intelligence
Trade Area within ½ mile
1,909
Businesses Nearby
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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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Properties on Market for Multifamily properties in Ozone Park
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Multifamily property - A detached garage accompanies the residential property in Ozone Park.
Where is this multifamily property located?
The property is located at 101-14 94th St Ozone Park, NY.
What is the asking price?
The asking price for this property is $1,199,000.
What are key features of this property?
This property features: 2,096 square feet of property area; Detached garage; Built in 1930
