Four-Unit Apartment
New
For Sale
$1,500,000
97-33 90th Street, Ozone Park, NY 11416
Four apartments offer varied bedroom layouts, private outdoor areas, a driveway and a backyard.
Property Size3,265 SF
Price / SF$459.42
Days on Market4
Property Features for 97-33 90th Street
General Information
Standard status
Active
Size
3,265 SF
Property subtype
Residential Income
Taxes and HOA fees
Annual Taxes
$9,177
Amenities
Eat-in Kitchen
Building Details
Building Size
3,265 SF
Year Built
1960
Stories
3
Units
3
Listing Agency:
RE/MAX 2000
Listed By:
Vishal Maraj · License #10311206874
(718) 848-1966
Source:
Georgemcknight
Added: Oct 23
Changed: Oct 26
Last Checked: Oct 26 at 4:06AM
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 RE/MAX 2000
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 3,265-square-foot apartment property, built in 1960, contains four units across three floors. The first-floor apartment has one bedroom, a full bath, a combined living and dining area, and a kitchen. The second-floor residence includes three bedrooms, two full baths, separate living and dining rooms, a kitchen, and front and rear patios. Two one-bedroom apartments occupy the third floor, each with a combined living and dining space and a kitchen. A private driveway and backyard are also included.
The property is in Ozone Park, near schools, shops, transportation, JFK Airport, major highways, and houses of worship.
The property is in Ozone Park, near schools, shops, transportation, JFK Airport, major highways, and houses of worship.
Key Highlights
- Four apartments arranged across three floors
- 3,265 square feet; built in 1960
- First‑floor unit has 1 bedroom, 1 full bath, and combined living and dining space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$79,811
Cap Rate
5.32%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,596,220
$1.6M
Cap Rate 7%
$1,140,157
$1.1M
Cap Rate 9%
$886,789
$886.8K
Market Conditions
NOI Build-Up for 3,265 SF
Gross rent
$150.8K $46.20/SF
− Vacancy
−$5.7K −$1.76/SF
EGI
$145.1K $44.44/SF
− OpEx
−$65.3K −$20.00/SF
NOI
$79.8K $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%
$1,596,220
Cap Rate 7%
$1,140,157
Cap Rate 9%
$886,789
Alternative Uses
Best Use
Apartment 5plus
$1.14M
$997.6K – $1.33M
NOI $79,811 @ 7.0% cap · market cap 5.32%
Second Best
Multifamily LT 5
$772.0K
$675.5K – $900.7K
NOI $54,041 @ 7.0% cap · market cap 3.60%
Theoretical Best
Office A
$2.41M
$2.11M – $2.81M
NOI $168,490 @ 7.0% cap · market cap 11.23%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Location Intelligence
Trade Area within ½ mile
1,769
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Quadplex - Four apartments offer varied bedroom layouts, private outdoor areas, a driveway and a backyard.
Where is this quadplex located?
The property is located at 97-33 90th Street Ozone Park, NY.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: Four apartments arranged across three floors; 3,265 square feet; built in 1960; First‑floor unit has 1 bedroom, 1 full bath, and combined living and dining space
