3-Unit Triplex with Finished
10809 97th Ave, Queens, NY 11419
For Sale
New
$1,499,000
Pending
Each residence has three bedrooms and two full bathrooms.
Property Size3,111 SF
Days on Market5
Property Features for 10809 97th Ave
General Information
Standard status
Size
Property subtype
Units
Unit Mix
Multifamily Units
Individually Metered Utilities
Additional Details
Public Transit
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Units
Listing Agency:
vision homes real estate llc
Listed By:
Avnish Kumar · License NY #10491209469
(917) 957-9969
Source:
Elliman
Added: Nov 7
Changed: Nov 8
Last Checked: Nov 10 at 8:58AM
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 vision homes real estate llc
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Built in 2007, this triplex contains three residences, each configured with three bedrooms and two full bathrooms. A finished basement with high ceilings and walk-out access adds additional interior space. Separate building systems include three boilers and three hot water tanks, while four electric meters serve the property. The building is to be delivered vacant.
An elementary school is nearby, with public transportation and shopping also within close proximity.
An elementary school is nearby, with public transportation and shopping also within close proximity.
Key Highlights
- Three residences, each with 3 bedrooms and 2 full baths
- Finished basement with high ceilings and walk‑out access
- Three separate boilers and hot water tanks; four electric meters
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$76,875
Cap Rate
5.13%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,537,500
$1.5M
Cap Rate 7%
$1,098,214
$1.1M
Cap Rate 9%
$854,167
$854.2K
Market Conditions
NOI Build-Up for 3,111 SF
Gross rent
$119.5K $38.40/SF
− Vacancy
−$9.6K −$3.10/SF
EGI
$109.8K $35.30/SF
− OpEx
−$32.9K −$10.59/SF
NOI
$76.9K $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%
$1,537,500
Cap Rate 7%
$1,098,214
Cap Rate 9%
$854,167
Alternative Uses
Best Use
Multifamily LT 5
$1.10M
$960.9K – $1.28M
NOI $76,875 @ 7.0% cap · market cap 5.13%
Second Best
Apartment 5plus
$1.09M
$950.6K – $1.27M
NOI $76,047 @ 7.0% cap · market cap 5.07%
Theoretical Best
Office A
$2.29M
$2.01M – $2.68M
NOI $160,543 @ 7.0% cap · market cap 10.71%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
3,273
Businesses Nearby
Explore this area
Business Placement
Demographics for 11419, NY
47,430
Population
13,607
Households
3.5
Avg Household Size
39
Median Age
21%
College-Educated
73%
High-School Grad
1.1 sq mi
ZIP Area
43,118
Density / Sq Mi
$91,231
Median Household Income
$41,091
Median Earnings
$1,920
Median Rent
$678,800
Median Home Value
Market
Average Price Trend$/SF for Triplexes in Queens, NY
Properties on Market for Triplexes in Queens
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Each residence has three bedrooms and two full bathrooms.
Where is this triplex located?
The property is located at 10809 97th Ave Queens, NY.
What is the asking price?
The asking price for this property is $1,499,000.
What are key features of this property?
This property features: Three residences, each with 3 bedrooms and 2 full baths; Finished basement with high ceilings and walk‑out access; Three separate boilers and hot water tanks; four electric meters
