Brick Quadplex with Finished
104-07 94th Ave, Ozone Park, NY 11416
For Sale
$1,099,000
Four apartments comprise a studio and three two-bedroom units, complemented by a finished basement with separate exterior access.
Property Size2,200 SF
Price / SF$499.55
Days on Market22
Property Features for 104-07 94th Ave
General Information
Standard status
Size
Property subtype
Units
Unit Mix
Multifamily Units
Building Details
Year Built
Buildings
Construction
Listing Agency:
Winzone Realty Inc
Listed By:
Jian Wang
(917) 288-9867
Source:
Searchhomesinlongisland
Added: Oct 19
Changed: Nov 8
Last Checked: Nov 8 at 7:09AM
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 Winzone Realty Inc
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Investment Insights
Based on property information with market context.
This 2,200-square-foot brick quadplex at 104-07 94th Ave in Ozone Park contains four apartments: a two-bedroom unit and a studio on the first floor, plus two two-bedroom units upstairs. The building also has a finished basement with an outside entrance. Renovation work was completed five years ago, and the property is expected to be vacant at closing. Built in 1920, the property is configured as a four-unit residential building.
Key Highlights
- Four apartments: three two‑bedroom units and one studio
- 2,200‑square‑foot brick building
- Finished basement with an outside entrance
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$54,364
Cap Rate
4.95%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,087,280
$1.1M
Cap Rate 7%
$776,629
$776.6K
Cap Rate 9%
$604,044
$604.0K
Market Conditions
NOI Build-Up for 2,200 SF
Gross rent
$84.5K $38.40/SF
− Vacancy
−$6.8K −$3.10/SF
EGI
$77.7K $35.30/SF
− OpEx
−$23.3K −$10.59/SF
NOI
$54.4K $24.71/SF
Area
Queens County, NY
Vacancy
8.07%
Lease Rate
$38.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,087,280
Cap Rate 7%
$776,629
Cap Rate 9%
$604,044
Alternative Uses
Best Use
Multifamily LT 5
$776.6K
$679.6K – $906.1K
NOI $54,364 @ 7.0% cap · market cap 4.95%
Second Best
Apartment 5plus
$768.3K
$672.2K – $896.3K
NOI $53,778 @ 7.0% cap · market cap 4.89%
Theoretical Best
Office A
$1.62M
$1.42M – $1.89M
NOI $113,531 @ 7.0% cap · market cap 10.33%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
3,501
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
$733,500
Median Home Value
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Market
Average Price Trend$/SF for Quadplexes in Queens County, NY
Properties on Market for Quadplexes in Queens County
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Quadplex - Four apartments comprise a studio and three two-bedroom units, complemented by a finished basement with separate exterior access.
Where is this quadplex located?
The property is located at 104-07 94th Ave Ozone Park, NY.
What is the asking price?
The asking price for this property is $1,099,000.
What are key features of this property?
This property features: Four apartments: three two‑bedroom units and one studio; 2,200‑square‑foot brick building; Finished basement with an outside entrance
