Triplex with Finished
New
For Sale
$1,599,000
8837 Pitkin Avenue, Ozone Park, NY 11417
Three residential units provide a combined 10 bedrooms and 6 full bathrooms, with a first-floor bedroom and private parking.
Property Size3,432 SF
Lot Size0.07 Acres
Price / SF$465.91
Days on Market4
Property Features for 8837 Pitkin Avenue
General Information
Standard status
Active
Size
3,432 SF
Lot size
0.07 Acres
Property subtype
Residential Income
Units
Multifamily Units
3
Individually Metered Utilities
electricity
Additional Details
Utilities to Site
Yes
Taxes and HOA fees
Annual Taxes
$11,158
Amenities
finished basement
baseboard heating
first-floor bedroom
fenced lot
front yard
oven
refrigerator
Full
6
No
Yes
9
First Floor Bedroom,First Floor Full Bath,Formal Dining,Primary Bathroom
Public
Driveway
3432
Building Details
Building Size
3,432 SF
Year Built
1978
Listing Agency:
(631) 613-8782
Listed By:
Geralda Desir
Source:
Goldcrestrealtygrp
Added: Oct 26
Changed: Oct 28
Last Checked: Oct 28 at 4:28PM
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 Geralda Desir
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Investment Insights
Based on property information with market context.
This three-unit residential property in Ozone Park, Queens, contains 10 bedrooms and 6 full bathrooms. The building includes a finished basement, baseboard heating, and a bedroom and full bathroom on the first floor. A fenced 3,050-square-foot lot has a front yard, driveway, one garage space, and private parking.
The property has four electric meters and includes an oven and refrigerator. It is within School District 27 and is zoned for PS 63 Old South, JHS 202 Robert H. Goddard, and Robert H. Goddard High School.
The property has four electric meters and includes an oven and refrigerator. It is within School District 27 and is zoned for PS 63 Old South, JHS 202 Robert H. Goddard, and Robert H. Goddard High School.
Key Highlights
- Three residential units with 10 bedrooms and 6 full bathrooms
- Finished basement and first‑floor bedroom with full bathroom
- Fenced 3,050‑square‑foot lot with front yard
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$83,893
Cap Rate
5.25%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,677,860
$1.7M
Cap Rate 7%
$1,198,471
$1.2M
Cap Rate 9%
$932,144
$932.1K
Market Conditions
NOI Build-Up for 3,432 SF
Gross rent
$158.6K $46.20/SF
− Vacancy
−$6.0K −$1.76/SF
EGI
$152.5K $44.44/SF
− OpEx
−$68.6K −$20.00/SF
NOI
$83.9K $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%
$1,677,860
Cap Rate 7%
$1,198,471
Cap Rate 9%
$932,144
Alternative Uses
Best Use
Apartment 5plus
$1.20M
$1.05M – $1.40M
NOI $83,893 @ 7.0% cap · market cap 5.25%
Second Best
Multifamily LT 5
$811.5K
$710.1K – $946.8K
NOI $56,805 @ 7.0% cap · market cap 3.55%
Theoretical Best
Office A
$2.53M
$2.21M – $2.95M
NOI $177,108 @ 7.0% cap · market cap 11.08%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
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Lease Details
3
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,650
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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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Three residential units provide a combined 10 bedrooms and 6 full bathrooms, with a first-floor bedroom and private parking.
Where is this triplex located?
The property is located at 8837 Pitkin Avenue Ozone Park, NY.
What is the asking price?
The asking price for this property is $1,599,000.
What are key features of this property?
This property features: Three residential units with 10 bedrooms and 6 full bathrooms; Finished basement and first‑floor bedroom with full bathroom; Fenced 3,050‑square‑foot lot with front yard
