Attached Brick
97-43 76th Street, Ozone Park, NY 11416
For Sale
$1,199,000
Pending
Two residential units are delivered vacant, with a finished basement and rear patio.
Property Size1,976 SF
Days on Market15
Property Features for 97-43 76th Street
General Information
Standard status
Size
Property subtype
Additional Details
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
hardwood floors
finished basement
rear patio
Walk-Out Access,Finished,Full
Hardwood
2
No
Yes
5
Skylight(s)
Master Downstairs
Walk-Out Access, Finished, Full
Fenced
Public
On Street
1976
Building Details
Building Size
Year Built
Construction
Listing Agency:
(516) 703-2918
Listed By:
Matthew Dubinsky
Source:
Hedgestonehomes
Added: Oct 26
Changed: Nov 9
Last Checked: Nov 8 at 7:39PM
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 Matthew Dubinsky
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Investment Insights
Based on property information with market context.
This attached brick duplex contains two residential units with 11 rooms, arranged as six rooms over five. Hardwood floors run through the interior, and a full finished basement has walk-out access. The property also includes a rear patio, gas heat, and separate gas hot water. It is vacant and broom clean, with the interior described as being in good condition.
The property is in Ozone Park, close to shopping and transportation. The building measures 19 by 52 feet and was built in 1920.
The property is in Ozone Park, close to shopping and transportation. The building measures 19 by 52 feet and was built in 1920.
Key Highlights
- Two‑family attached brick property
- 11 rooms arranged as six over five
- Full finished basement with walk‑out access
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$48,829
Cap Rate
4.07%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$976,580
$976.6K
Cap Rate 7%
$697,557
$697.6K
Cap Rate 9%
$542,544
$542.5K
Market Conditions
NOI Build-Up for 1,976 SF
Gross rent
$75.9K $38.40/SF
− Vacancy
−$6.1K −$3.10/SF
EGI
$69.8K $35.30/SF
− OpEx
−$20.9K −$10.59/SF
NOI
$48.8K $24.71/SF
Area
Queens County, NY
Vacancy
8.07%
Lease Rate
$38.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$976,580
Cap Rate 7%
$697,557
Cap Rate 9%
$542,544
Alternative Uses
Best Use
Multifamily LT 5
$697.6K
$610.4K – $813.8K
NOI $48,829 @ 7.0% cap · market cap 4.07%
Second Best
Apartment 5plus
$690.0K
$603.8K – $805.0K
NOI $48,302 @ 7.0% cap · market cap 4.03%
Theoretical Best
Office A
$1.46M
$1.27M – $1.70M
NOI $101,971 @ 7.0% cap · market cap 8.50%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,501
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
Properties on Market for Duplexes in Ozone Park
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two residential units are delivered vacant, with a finished basement and rear patio.
Where is this duplex located?
The property is located at 97-43 76th Street Ozone Park, NY.
What is the asking price?
The asking price for this property is $1,199,000.
What are key features of this property?
This property features: Two‑family attached brick property; 11 rooms arranged as six over five; Full finished basement with walk‑out access
