Semi-Detached Two-Family
2243 97th Street Manhattan, NY 10036
2243 97th Street, Manhattan, NY, 10036
$1,280,000
For Sale
$1,280,000
Two-family residence with six bedrooms, four full baths, plus private driveway and detached garage for off-street parking.
Property Size1,988 SF
Price / SF$643.86
Days on Market10
Property Features for 2243 97th Street
General Information
- Standard status
- Active
- Size
- 1,988 SF
- Property subtype
- Duplex
Building Details
- Year Built
- 2000
Listing agency
Ashford Homes 6 Inc
(718) 799-0025
Listed by
Yaling Lin
(718) 799-0025
Source
Compass
Added: Jul 13 Updated: Jul 22 at 10:03AM Checked: Jul 22 at 10:03AM
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 Ashford Homes 6 Inc
Investment Insights
Based on property information with market context.
This spacious semi-detached two-family home features a total of 6 bedrooms and 4 full bathrooms, arranged with bright, well-proportioned living spaces and functional layouts. The property also includes a private driveway and a detached garage, providing off-street parking convenience.
Access to major area routes is highlighted by proximity to LaGuardia Airport and several commuter corridors, including the Grand Central Parkway, the Brooklyn-Queens Expressway, and the RFK Bridge. The surrounding area offers neighborhood dining and shopping options, and nearby parks, including Flushing Meadows-Corona Park, provide outdoor recreation and year-round green space.
Access to major area routes is highlighted by proximity to LaGuardia Airport and several commuter corridors, including the Grand Central Parkway, the Brooklyn-Queens Expressway, and the RFK Bridge. The surrounding area offers neighborhood dining and shopping options, and nearby parks, including Flushing Meadows-Corona Park, provide outdoor recreation and year-round green space.
Key Highlights
- Semi‑detached two‑family home built in 2000
- 6 bedrooms and 4 full bathrooms
- Walk‑out basement with walk‑out access
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 | $101.4k | $51.00 |
| − Vacancy | −$5.3k | −$2.65 |
| EGI | $96.1k | $48.35 |
| − OpEx | −$28.8k | −$14.50 |
| NOI | $67.3k | $33.84 |
1,988 SF · lease $51.00/SF/yr · vacancy 5.20% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$961.2K
$841.0K – $1.12M
NOI $67,281 @ 7.0% cap · market cap 5.26%
Second Best
Apartment 5plus
$888.6K
$777.5K – $1.04M
NOI $62,199 @ 7.0% cap · market cap 4.86%
Theoretical Best
Specialty Retail
$4.95M
$4.33M – $5.77M
NOI $346,389 @ 7.0% cap · market cap 27.06%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Two-family residence with six bedrooms, four full baths, plus private driveway and detached garage for off-street parking.
Where is this duplex located?
The property is located at 2243 97th Street Manhattan, NY.
What is the asking price?
The asking price for this property is $1,280,000.
What are key features of this property?
This property features: Semi‑detached two‑family home built in 2000; 6 bedrooms and 4 full bathrooms; Walk‑out basement with walk‑out access
