Three-Unit Brick Residential
For Sale
$1,390,000
81-49 102nd Road, Ozone Park, NY 11416
Vacant three-family property with separate living areas across three floors and an unfinished basement.
Property Size2,650 SF
Price / SF$524.53
Days on Market44
Property Features for 81-49 102nd Road
General Information
Standard status
Active
Size
2,650 SF
Property subtype
Multi-Unit (2-4)
Units
Unit Mix
1 x 1BR/1BA, 2 x 2BR/1BA
Multifamily Units
3
Additional Details
Public Transit
Yes
Building Details
Year Built
1960
Buildings
1
Stories
3
Construction
brick
Listing Agency:
LANDMARK INTERNATIONAL REAL ESTATE GROUP LLC
Listed By:
Zhi Wu
(917) 530-5075
Source:
Gosenproperties
Added: Sep 16
Changed: Oct 28
Last Checked: Oct 28 at 4:17PM
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 LANDMARK INTERNATIONAL REAL ESTATE GROUP 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.
This brick triplex contains approximately 2,650 square feet and was built in 1960. The three-story building includes a basement and is vacant. The first floor has one bedroom and one bathroom. Each of the upper floors includes two bedrooms, a living room, a kitchen, an L-shaped dining area and one bathroom. The basement is unfinished.
Public transportation is just steps away.
Public transportation is just steps away.
Key Highlights
- Three‑family brick building with approximately 2,650 square feet
- Three stories plus an unfinished basement
- First floor: 1 bedroom and 1 bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$64,778
Cap Rate
4.66%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,295,560
$1.3M
Cap Rate 7%
$925,400
$925.4K
Cap Rate 9%
$719,756
$719.8K
Market Conditions
NOI Build-Up for 2,650 SF
Gross rent
$122.4K $46.20/SF
− Vacancy
−$4.7K −$1.76/SF
EGI
$117.8K $44.44/SF
− OpEx
−$53.0K −$20.00/SF
NOI
$64.8K $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%
$1,295,560
Cap Rate 7%
$925,400
Cap Rate 9%
$719,756
Alternative Uses
Best Use
Apartment 5plus
$925.4K
$809.7K – $1.08M
NOI $64,778 @ 7.0% cap · market cap 4.66%
Second Best
Multifamily LT 5
$626.6K
$548.3K – $731.0K
NOI $43,862 @ 7.0% cap · market cap 3.16%
Theoretical Best
Office A
$1.95M
$1.71M – $2.28M
NOI $136,753 @ 7.0% cap · market cap 9.84%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
2,156
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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Vacant three-family property with separate living areas across three floors and an unfinished basement.
Where is this triplex located?
The property is located at 81-49 102nd Road Ozone Park, NY.
What is the asking price?
The asking price for this property is $1,390,000.
What are key features of this property?
This property features: Three‑family brick building with approximately 2,650 square feet; Three stories plus an unfinished basement; First floor: 1 bedroom and 1 bathroom
