Colonial Residential Income
New
For Sale
$1,069,000
105-48 89th Street, Ozone Park, NY 11417
An open floor plan and high-speed internet are among the listed interior features.
Property Size1,600 SF
Days on Market4
Property Features for 105-48 89th Street
General Information
Standard status
Active
Size
1,600 SF
Property subtype
Residential Income
Taxes and HOA fees
Annual Taxes
$6,659
Amenities
Finished, Full
High Speed Internet, Open Floorplan
Driveway
Colonial
Building Details
Building Size
1,600 SF
Year Built
1925
Listed By:
Scott J. Taub
(718) 441-1800
Source:
Evrealestate
Added: Oct 5
Changed: Oct 6
Last Checked: Oct 7 at 12:52PM
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 Scott J. Taub
Investment Insights
Based on property information with market context.
This Colonial-style residential income property was built in 1925 and has a driveway. Interior features include an open floor plan and high-speed internet. The listing also identifies finished, full interior space.
The property is located at 105-48 89th Street in Ozone Park, Queens.
The property is located at 105-48 89th Street in Ozone Park, Queens.
Key Highlights
- Colonial‑style residential income property
- Built in 1925
- Driveway
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$39,111
Cap Rate
3.66%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$782,220
$782.2K
Cap Rate 7%
$558,729
$558.7K
Cap Rate 9%
$434,567
$434.6K
Market Conditions
NOI Build-Up for 1,600 SF
Gross rent
$73.9K $46.20/SF
− Vacancy
−$2.8K −$1.76/SF
EGI
$71.1K $44.44/SF
− OpEx
−$32.0K −$20.00/SF
NOI
$39.1K $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%
$782,220
Cap Rate 7%
$558,729
Cap Rate 9%
$434,567
Alternative Uses
Best Use
Apartment 5plus
$558.7K
$488.9K – $651.9K
NOI $39,111 @ 7.0% cap · market cap 3.66%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.18M
$1.03M – $1.38M
NOI $82,568 @ 7.0% cap · market cap 7.72%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
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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Frequently Asked Questions
What type of property is this?
Residential income property - An open floor plan and high-speed internet are among the listed interior features.
Where is this residential income property located?
The property is located at 105-48 89th Street Ozone Park, NY.
What is the asking price?
The asking price for this property is $1,069,000.
What are key features of this property?
This property features: Colonial‑style residential income property; Built in 1925; Driveway
