Framed Residential Income
New
For Sale
$1,099,999
9430 Albert Road, Ozone Park, NY 11417
Approved plans accompany a framed, three-story residence with a basement and a separate rear building.
Property Size3,477 SF
Price / SF$316.36
Days on Market2
Property Features for 9430 Albert Road
General Information
Standard status
Active
Size
3,477 SF
Property subtype
Residential Income
Taxes and HOA fees
Annual Taxes
$3,857
Building Details
Building Size
3,477 SF
Year Built
2024
Buildings
2
Stories
3
Units
3
Listing Agency:
Real Broker NY LLC
Listed By:
Dilon Mohan
(929) 202-6712
Source:
Georgemcknight
Added: Oct 23
Last Checked: Oct 23 at 5:28PM
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 Real Broker NY LLC
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Investment Insights
Based on property information with market context.
This residential income property includes a three-story structure with a basement. The interior has been cleared and the framing is in place, leaving mechanical systems and interior finishes for a subsequent construction phase. Approved plans are included, and the property is being sold as-is.
A separate warehouse building sits behind the residence. The parcel may be subdivided, subject to municipal approvals. The existing buildings and approved plans are the key components of the offering.
A separate warehouse building sits behind the residence. The parcel may be subdivided, subject to municipal approvals. The existing buildings and approved plans are the key components of the offering.
Key Highlights
- Three‑story residential structure with basement
- Interior cleared and framing completed
- Approved plans included
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$84,993
Cap Rate
7.73%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,699,860
$1.7M
Cap Rate 7%
$1,214,186
$1.2M
Cap Rate 9%
$944,367
$944.4K
Market Conditions
NOI Build-Up for 3,477 SF
Gross rent
$160.6K $46.20/SF
− Vacancy
−$6.1K −$1.76/SF
EGI
$154.5K $44.44/SF
− OpEx
−$69.5K −$20.00/SF
NOI
$85.0K $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%
$1,699,860
Cap Rate 7%
$1,214,186
Cap Rate 9%
$944,367
Alternative Uses
Best Use
Apartment 5plus
$1.21M
$1.06M – $1.42M
NOI $84,993 @ 7.0% cap · market cap 7.73%
Second Best
Warehouse
$379.4K
$332.0K – $442.7K
NOI $26,561 @ 7.0% cap · market cap 2.41%
Theoretical Best
Office A
$2.56M
$2.24M – $2.99M
NOI $179,430 @ 7.0% cap · market cap 16.31%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
1,057
Businesses Nearby
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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 Industrial in Northeast region
Frequently Asked Questions
What type of property is this?
Residential income property - Approved plans accompany a framed, three-story residence with a basement and a separate rear building.
Where is this residential income property located?
The property is located at 9430 Albert Road Ozone Park, NY.
What is the asking price?
The asking price for this property is $1,099,999.
What are key features of this property?
This property features: Three‑story residential structure with basement; Interior cleared and framing completed; Approved plans included
