Two-Family Duplex with Finished
New
For Sale
$919,000
103-16 89th Street, Ozone Park, NY 11417
Two separate living areas are complemented by kitchens on both floors and a finished basement with its own entrance.
Property Size1,495 SF
Lot Size0.05 Acres
Price / SF$614.72
Days on Market3
Property Features for 103-16 89th Street
General Information
Standard status
Active
Size
1,495 SF
Lot size
0.05 Acres
Property subtype
Residential Income
Zoning
R6B, C2-3
Units
Unit Mix
1 x 2BR/1.5BA, 1 x 2BR/1BA
Multifamily Units
2
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$5,618
Amenities
Master Downstairs
First Floor Bedroom
Building Details
Building Size
1,495 SF
Year Built
1920
Units
2
Listing Agency:
Exit Realty Prime
Listed By:
Shahnewaz Qurashi
(917) 587-4149
Source:
Georgemcknight
Added: Oct 23
Changed: Oct 24
Last Checked: Oct 24 at 3:03PM
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 Prime
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Investment Insights
Based on property information with market context.
This 1,495-square-foot, two-family property has a 20-by-100-foot lot and was built in 1920. The first floor includes two bedrooms, 1.5 baths, a living and dining area, and a kitchen. The second floor offers two bedrooms, one bath, a living and dining area, and a kitchen. Two large attic rooms add space, while the finished basement has a separate entrance and a bath.
Zoning is R6B and C2-3, with stated FAR of 2 for residential and 2 for facility use. Maximum buildable area is 4,000 square feet. The property is within a block of Liberty Avenue and near the A train, buses, a school, and shops.
Zoning is R6B and C2-3, with stated FAR of 2 for residential and 2 for facility use. Maximum buildable area is 4,000 square feet. The property is within a block of Liberty Avenue and near the A train, buses, a school, and shops.
Key Highlights
- Two‑family property with 1,495 square feet on a 20‑by‑100‑foot lot
- First floor has 2 bedrooms, 1.5 baths, living/dining area, and kitchen
- Second floor has 2 bedrooms, 1 bath, living/dining area, and kitchen
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$36,544
Cap Rate
3.98%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$730,880
$730.9K
Cap Rate 7%
$522,057
$522.1K
Cap Rate 9%
$406,044
$406.0K
Market Conditions
NOI Build-Up for 1,495 SF
Gross rent
$69.1K $46.20/SF
− Vacancy
−$2.6K −$1.76/SF
EGI
$66.4K $44.44/SF
− OpEx
−$29.9K −$20.00/SF
NOI
$36.5K $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%
$730,880
Cap Rate 7%
$522,057
Cap Rate 9%
$406,044
Alternative Uses
Best Use
Apartment 5plus
$522.1K
$456.8K – $609.1K
NOI $36,544 @ 7.0% cap · market cap 3.98%
Second Best
Multifamily LT 5
$353.5K
$309.3K – $412.4K
NOI $24,745 @ 7.0% cap · market cap 2.69%
Theoretical Best
Office A
$1.10M
$964.4K – $1.29M
NOI $77,149 @ 7.0% cap · market cap 8.39%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,971
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
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two separate living areas are complemented by kitchens on both floors and a finished basement with its own entrance.
Where is this duplex located?
The property is located at 103-16 89th Street Ozone Park, NY.
What is the asking price?
The asking price for this property is $919,000.
What are key features of this property?
This property features: Two‑family property with 1,495 square feet on a 20‑by‑100‑foot lot; First floor has 2 bedrooms, 1.5 baths, living/dining area, and kitchen; Second floor has 2 bedrooms, 1 bath, living/dining area, and kitchen
