Two-Unit Duplex with Finished
New
For Sale
$1,249,999
10205 97th Avenue, Ozone Park, NY 11416
Both residences offer two bedrooms and one full bathroom, complemented by additional finished lower-level space.
Property Size1,440 SF
Lot Size0.08 Acres
Price / SF$868.05
Days on Market2
Property Features for 10205 97th Avenue
General Information
Standard status
Active
Size
1,440 SF
Total Parking Spaces
4
Lot size
0.08 Acres
Property subtype
Residential Income
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$4,906
Amenities
First Floor Bedroom
Building Details
Building Size
1,440 SF
Year Built
1940
Buildings
1
Stories
2
Units
2
Listing Agency:
Gadura Real Estate LLC
Listed By:
Stephanie Silva
(917) 945-2278
Source:
Georgemcknight
Added: Oct 23
Last Checked: Oct 23 at 3:46PM
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 Gadura Real Estate LLC
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This two-story duplex in Ozone Park, Queens, contains two residences, each arranged with two bedrooms and one full bathroom. The building measures 1,440 square feet and includes a finished basement. Constructed in 1940, it occupies a 3,500-square-foot lot with a yard and a private driveway accommodating up to four cars.
Key Highlights
- Two residences, each with 2 bedrooms and 1 full bathroom
- 1,440‑square‑foot building constructed in 1940
- Finished basement adds usable interior space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$35,200
Cap Rate
2.82%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$704,000
$704.0K
Cap Rate 7%
$502,857
$502.9K
Cap Rate 9%
$391,111
$391.1K
Market Conditions
NOI Build-Up for 1,440 SF
Gross rent
$66.5K $46.20/SF
− Vacancy
−$2.5K −$1.76/SF
EGI
$64.0K $44.44/SF
− OpEx
−$28.8K −$20.00/SF
NOI
$35.2K $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%
$704,000
Cap Rate 7%
$502,857
Cap Rate 9%
$391,111
Alternative Uses
Best Use
Apartment 5plus
$502.9K
$440.0K – $586.7K
NOI $35,200 @ 7.0% cap · market cap 2.82%
Second Best
Multifamily LT 5
$340.5K
$297.9K – $397.2K
NOI $23,834 @ 7.0% cap · market cap 1.91%
Theoretical Best
Office A
$1.06M
$928.9K – $1.24M
NOI $74,311 @ 7.0% cap · market cap 5.94%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
3,681
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Both residences offer two bedrooms and one full bathroom, complemented by additional finished lower-level space.
Where is this duplex located?
The property is located at 10205 97th Avenue Ozone Park, NY.
What is the asking price?
The asking price for this property is $1,249,999.
What are key features of this property?
This property features: Two residences, each with 2 bedrooms and 1 full bathroom; 1,440‑square‑foot building constructed in 1940; Finished basement adds usable interior space
