Two-Family Duplex with Private
New
For Sale
$799,999
9511 97th Street, Ozone Park, NY 11416
A two-over-one arrangement includes separate kitchens, full bathrooms, a driveway, and a private backyard.
Property Size1,426 SF
Price / SF$561.01
Days on Market2
Property Features for 9511 97th Street
General Information
Standard status
Active
Size
1,426 SF
Property subtype
Residential Income
Additional Details
Public Transit
Yes
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$7,138
Amenities
backyard
First Floor Bedroom
First Floor Full Bath
Building Details
Building Size
1,426 SF
Year Built
1940
Buildings
1
Units
2
Listing Agency:
Telemundo Realty Corp
Listed By:
Nelson G. Cardona
(347) 285-3074
Source:
Georgemcknight
Added: Oct 23
Last Checked: Oct 23 at 4:10PM
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 Telemundo Realty Corp
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Investment Insights
Based on property information with market context.
This legal two-family property offers a 2-over-1 layout with two kitchens and two full bathrooms. The 1,426-square-foot residence was built in 1940 and includes a private backyard, driveway, and garage, combining separate living areas with on-site outdoor space and off-street parking.
The property is at 9511 97th Street in Ozone Park, with shopping, restaurants, schools, public transportation, and major roadways nearby. Its two-family configuration supports distinct household arrangements or rental use.
The property is at 9511 97th Street in Ozone Park, with shopping, restaurants, schools, public transportation, and major roadways nearby. Its two-family configuration supports distinct household arrangements or rental use.
Key Highlights
- Legal two‑family property with a 2‑over‑1 layout
- 1,426 square feet; built in 1940
- Two separate kitchens and two full bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$34,858
Cap Rate
4.36%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$697,160
$697.2K
Cap Rate 7%
$497,971
$498.0K
Cap Rate 9%
$387,311
$387.3K
Market Conditions
NOI Build-Up for 1,426 SF
Gross rent
$65.9K $46.20/SF
− Vacancy
−$2.5K −$1.76/SF
EGI
$63.4K $44.44/SF
− OpEx
−$28.5K −$20.00/SF
NOI
$34.9K $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%
$697,160
Cap Rate 7%
$497,971
Cap Rate 9%
$387,311
Alternative Uses
Best Use
Apartment 5plus
$498.0K
$435.7K – $581.0K
NOI $34,858 @ 7.0% cap · market cap 4.36%
Second Best
Multifamily LT 5
$337.2K
$295.0K – $393.4K
NOI $23,603 @ 7.0% cap · market cap 2.95%
Theoretical Best
Office A
$1.05M
$919.9K – $1.23M
NOI $73,588 @ 7.0% cap · market cap 9.20%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
3,560
Businesses Nearby
Explore this area
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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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - A two-over-one arrangement includes separate kitchens, full bathrooms, a driveway, and a private backyard.
Where is this duplex located?
The property is located at 9511 97th Street Ozone Park, NY.
What is the asking price?
The asking price for this property is $799,999.
What are key features of this property?
This property features: Legal two‑family property with a 2‑over‑1 layout; 1,426 square feet; built in 1940; Two separate kitchens and two full bathrooms
