Two-Family Duplex with
For Sale
$930,000
97-47 91st Street, Ozone Park, NY 11416
Hardwood flooring, stainless steel appliances, and outdoor space complement this legal two-family property.
Property Size1,512 SF
Price / SF$615.08
Days on Market66
Property Features for 97-47 91st Street
General Information
Standard status
Active
Size
1,512 SF
Property subtype
Residential Income
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$7,248
Amenities
hardwood floors
stainless steel appliances
washer/dryer
outdoor entertainment backyard
Building Details
Building Size
1,512 SF
Year Built
1940
Buildings
1
Units
2
Listing Agency:
Winzone Realty Inc
(917) 693-6346
Listed By:
Padmoutie G. Singh · License #40SI0946922
(917) 693-6346
Source:
Nextlevelrealestateny
Added: Jun 27
Changed: Aug 29
Last Checked: Aug 30 at 5:42PM
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 Winzone Realty Inc
Investment Insights
Based on property information with market context.
Located at 97-47 91st Street in Ozone Park, NY 11416, this legal two-family duplex offers approximately 1,512 square feet of living space. The residence includes 4 bedrooms and 3 full bathrooms, with hardwood floors extending throughout the interior.
The kitchen is equipped with stainless steel appliances and a cooktop, while a washer and dryer are also included. The backyard provides space for outdoor entertaining and relaxation. Built in 1940, the property combines a two-family configuration with established residential improvements.
The kitchen is equipped with stainless steel appliances and a cooktop, while a washer and dryer are also included. The backyard provides space for outdoor entertaining and relaxation. Built in 1940, the property combines a two-family configuration with established residential improvements.
Key Highlights
- Legal two‑family duplex at 97‑47 91st Street, Ozone Park, NY 11416
- Approximately 1,512 square feet of living space
- 4 bedrooms and 3 full bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$36,960
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.97%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$739,200
$739.2K
Cap Rate 7%
$528,000
$528.0K
Cap Rate 9%
$410,667
$410.7K
Market Conditions
NOI Build-Up for 1,512 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$69.9K $46.20/SF
− Vacancy
−$2.7K −$1.76/SF
EGI
$67.2K $44.44/SF
− OpEx
−$30.2K −$20.00/SF
NOI
$37.0K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$739,200
Cap Rate 7%
$528,000
Cap Rate 9%
$410,667
Alternative Uses
Best Use
Apartment 5plus
$528.0K
$462.0K – $616.0K
NOI $36,960 @ 7.0% cap · market cap 3.97%
Second Best
Multifamily LT 5
$357.5K
$312.8K – $417.1K
NOI $25,026 @ 7.0% cap · market cap 2.69%
Theoretical Best
Office A
$1.11M
$975.3K – $1.30M
NOI $78,026 @ 7.0% cap · market cap 8.39%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,909
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Hardwood flooring, stainless steel appliances, and outdoor space complement this legal two-family property.
Where is this duplex located?
The property is located at 97-47 91st Street Ozone Park, NY.
What is the asking price?
The asking price for this property is $930,000.
What are key features of this property?
This property features: Legal two‑family duplex at 97‑47 91st Street, Ozone Park, NY 11416; Approximately 1,512 square feet of living space; 4 bedrooms and 3 full bathrooms
