2-Unit Multifamily
New
For Sale
$769,000
103-33 91st Street, Ozone Park, NY 11417
The two apartments offer one-bedroom and two-bedroom layouts on separate floors.
Property Size1,080 SF
Price / SF$712.04
Days on Market6
Property Features for 103-33 91st Street
General Information
Standard status
Active
Size
1,080 SF
Property subtype
Residential Income
Units
Unit Mix
1 x 1BR, 1 x 2BR
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$5,044
Amenities
large backyard
First Floor Bedroom
Eat-in Kitchen
Building Details
Building Size
1,080 SF
Year Built
1950
Units
2
Listing Agency:
RE/MAX 2000
Listed By:
Edwin Basdeo
(516) 974-3627
Source:
Georgemcknight
Added: Oct 19
Changed: Oct 23
Last Checked: Oct 23 at 2:16PM
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 RE/MAX 2000
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Investment Insights
Based on property information with market context.
This multifamily property contains two apartments across two floors: a one-bedroom unit on the first floor and a two-bedroom unit above. The property size is 1,080 SF. Recent updates include new flooring, and the property also has a large backyard.
Schools, shops, parks, transportation, houses of worship, and other amenities are nearby. The building dates to 1950.
Schools, shops, parks, transportation, houses of worship, and other amenities are nearby. The building dates to 1950.
Key Highlights
- Two apartments: one bedroom on the first floor and two bedrooms on the second
- Property size of 1,080 SF
- Recent flooring updates and a large backyard
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,400
Cap Rate
3.43%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$528,000
$528.0K
Cap Rate 7%
$377,143
$377.1K
Cap Rate 9%
$293,333
$293.3K
Market Conditions
NOI Build-Up for 1,080 SF
Gross rent
$49.9K $46.20/SF
− Vacancy
−$1.9K −$1.76/SF
EGI
$48.0K $44.44/SF
− OpEx
−$21.6K −$20.00/SF
NOI
$26.4K $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%
$528,000
Cap Rate 7%
$377,143
Cap Rate 9%
$293,333
Alternative Uses
Best Use
Apartment 5plus
$377.1K
$330.0K – $440.0K
NOI $26,400 @ 7.0% cap · market cap 3.43%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$796.2K
$696.7K – $928.9K
NOI $55,733 @ 7.0% cap · market cap 7.25%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,909
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?
Multifamily property - The two apartments offer one-bedroom and two-bedroom layouts on separate floors.
Where is this multifamily property located?
The property is located at 103-33 91st Street Ozone Park, NY.
What is the asking price?
The asking price for this property is $769,000.
What are key features of this property?
This property features: Two apartments: one bedroom on the first floor and two bedrooms on the second; Property size of 1,080 SF; Recent flooring updates and a large backyard
