Corner-Lot Triplex with Finished
103-03 97th St, Queens, NY 11417
For Sale
$1,299,000
Three stories provide two bedrooms and a living room on each level, with driveway parking and a finished basement.
Property Size2,112 SF
Price / SF$615.06
Days on Market26
Property Features for 103-03 97th St
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Additional Details
Public Transit
Multifamily Units
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Buildings
Stories
Units
Listing Agency:
Prime Realty
Listed By:
Shirley Y. Chen
(917) 254-0248
Source:
Elliman
Added: Oct 14
Changed: Nov 7
Last Checked: Nov 7 at 7:08PM
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 Prime Realty
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Investment Insights
Based on property information with market context.
This legal three-family property is a three-story semi-attached home built in 2007. Each floor has two bedrooms and a living room, for six bedrooms overall. The finished basement adds further finished space. The home contains approximately 2,112 square feet of finished living area and sits on a 40 × 50 lot at a corner. Driveway parking accommodates approximately four cars.
The property is at 103-03 97th St in Ozone Park, Queens. Shopping, dining, and public transportation are nearby. The recorded walk score is 82, the transit score is 83, and the bike score is 52.
The property is at 103-03 97th St in Ozone Park, Queens. Shopping, dining, and public transportation are nearby. The recorded walk score is 82, the transit score is 83, and the bike score is 52.
Key Highlights
- Legal three‑family property built in 2007
- Three stories with six bedrooms and a living room on each floor
- Approximately 2,112 square feet of finished living space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$51,627
Cap Rate
3.97%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,032,540
$1.0M
Cap Rate 7%
$737,529
$737.5K
Cap Rate 9%
$573,633
$573.6K
Market Conditions
NOI Build-Up for 2,112 SF
Gross rent
$97.6K $46.20/SF
− Vacancy
−$3.7K −$1.76/SF
EGI
$93.9K $44.44/SF
− OpEx
−$42.2K −$20.00/SF
NOI
$51.6K $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%
$1,032,540
Cap Rate 7%
$737,529
Cap Rate 9%
$573,633
Alternative Uses
Best Use
Apartment 5plus
$737.5K
$645.3K – $860.5K
NOI $51,627 @ 7.0% cap · market cap 3.97%
Second Best
Multifamily LT 5
$499.4K
$437.0K – $582.6K
NOI $34,957 @ 7.0% cap · market cap 2.69%
Theoretical Best
Office A
$1.56M
$1.36M – $1.82M
NOI $108,989 @ 7.0% cap · market cap 8.39%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
1,922
Businesses Nearby
Explore this area
Business Placement
Demographics for 11417, NY
31,229
Population
9,855
Households
3.2
Avg Household Size
38
Median Age
25%
College-Educated
78%
High-School Grad
1.1 sq mi
ZIP Area
28,390
Density / Sq Mi
$86,330
Median Household Income
$42,193
Median Earnings
$1,853
Median Rent
$731,900
Median Home Value
Market
Average Price Trend$/SF for Triplexes in Queens, NY
Properties on Market for Triplexes in Queens
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Three stories provide two bedrooms and a living room on each level, with driveway parking and a finished basement.
Where is this triplex located?
The property is located at 103-03 97th St Queens, NY.
What is the asking price?
The asking price for this property is $1,299,000.
What are key features of this property?
This property features: Legal three‑family property built in 2007; Three stories with six bedrooms and a living room on each floor; Approximately 2,112 square feet of finished living space
