Legal Two-Family Home with
106-49 97th Street, New York City, NY 11417
MULTI_FAMILY - New York City, NY
Property size:
1,626 SFLot size:
0.07 AcresPrice / SF:
$550/SF- Added:
- Jan 31, 2026
- Days on Market:
- 131
- Last Refresh:
- Jun 11 at 1:06 am
Property Features for 106-49 97th Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 5
- Bathrooms
- 3
- Rooms
- Bedroom 2, Bedroom 4, Bedroom 5, Bathroom 2, Bedroom 3, Bathroom 3, Bedroom 1, Bathroom 1
- Pets allowed
- Breed Restrictions
- Standard status
- Active
- Size
- 1,626 SF
- Lot size
- 0.07 Acres
Taxes and HOA fees
- Tax Annual Amount
- 7800
Utilities
- Heating system
- Steam
Building Details
- Year built
- 1920
- Floors in Building
- 3
- Number of units
- 2
Listing agent Martin Olsen (718) 599-0869
Listing office Brick & Mortar LLC 135 N 7th Street, Brooklyn, NY (718) 599-0869
Listing date Jan 31, 2026
MLS# RSFT-110000000358
Listing URL
Copyright © 2026 RESoft, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Legal 2‑family home with private garage in Ozone Park
- Two‑family layout includes a parlor floor unit plus an upper duplex spanning the 2nd and 3rd floors
- Parlor unit features a bright living room with hardwood floors, an eat‑in kitchen (gas range and dishwasher), 2 bedrooms, and 1 full bath
- Upper duplex offers 3 bedrooms total across two levels with 2nd‑floor kitchen and full bath plus 3rd‑floor bedrooms
- Finished basement adds flexible extra space for recreation, storage, or workspace
- Steam heating; built in 1920
Overview
A legal two-family home with a private garage, presented in a well-kept condition with a classic exterior and welcoming entry. The parlor-level unit features a bright living room with hardwood floors, an eat-in kitchen with a gas range and dishwasher, two bedrooms positioned at opposite ends of the layout for separation, and a full bathroom. The upper residence is configured as a duplex spanning the second and third floors, with three bedrooms total and generously proportioned rooms. The second floor includes an open kitchen layout suitable for full dining, one spacious bedroom with substantial closet space, and a full bathroom, while the third floor completes the duplex with two additional bedrooms supported by pitched ceilings. A finished basement adds extra adaptable space for recreation, storage, or workspace, and can be arranged for viewing upon request.
Located in the heart of Ozone Park, the home is positioned just off Rockaway Boulevard and near Cross Bay Boulevard, with proximity to the A train at Rockaway Blvd station. The area is served by multiple bus lines and major roadways and is surrounded by shopping, supermarkets, restaurants, banks, and neighborhood businesses, with parks and community amenities nearby.
This property is well suited for buyers seeking a practical owner-occupy or rental setup, with a straightforward unit separation between floors and additional flexible space in the basement. The combination of defined bedrooms across both levels and a private garage supports long-term livability for tenants or family use.
Located in the heart of Ozone Park, the home is positioned just off Rockaway Boulevard and near Cross Bay Boulevard, with proximity to the A train at Rockaway Blvd station. The area is served by multiple bus lines and major roadways and is surrounded by shopping, supermarkets, restaurants, banks, and neighborhood businesses, with parks and community amenities nearby.
This property is well suited for buyers seeking a practical owner-occupy or rental setup, with a straightforward unit separation between floors and additional flexible space in the basement. The combination of defined bedrooms across both levels and a private garage supports long-term livability for tenants or family use.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $82.9k | $51.00 |
| − Vacancy | −$4.3k | −$2.65 |
| EGI | $78.6k | $48.35 |
| − OpEx | −$23.6k | −$14.50 |
| NOI | $55.0k | $33.84 |
1,626 SF · lease $51.00/SF/yr · vacancy 5.20% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$786.1K
$687.9K – $917.2K
NOI $55,030 @ 7.0% cap · market cap 6.15%
Second Best
Apartment 5plus
$726.8K
$635.9K – $847.9K
NOI $50,873 @ 7.0% cap · market cap 5.68%
Theoretical Best
Specialty Retail
$4.05M
$3.54M – $4.72M
NOI $283,314 @ 7.0% cap · market cap 31.66%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Location Insight
- Map
- Local Demand
- City
- New York City
- County
- New York
- State
- New York
- Longitude
- -73.8411484
- Latitude
- 40.6791611
Nearby Similar for Sale
FAQs
What type of property is this?
Duplex - Well-kept two-family with a finished basement and private garage, offering flexible income and everyday convenience in Queens.
Where is this duplex located?
The property is located at 106-49 97th Street New York City, NY.
What is the asking price?
The asking price for this property is $895,000.
What are key features of this property?
This property features: Legal 2‑family home with private garage in Ozone Park; Two‑family layout includes a parlor floor unit plus an upper duplex spanning the 2nd and 3rd floors; Parlor unit features a bright living room with hardwood floors, an eat‑in kitchen (gas range and dishwasher), 2 bedrooms, and 1 full bath
