Brick Duplex with Four
For Sale
$930,000
97-47 91st Street, Ozone Park, NY 11416
MULTI_FAMILY - Ozone Park, NY
Property Size1,512 SF
Lot Size0.04 Acres
Price / SF$615.08
Days on Market48
Property Features for 97-47 91st Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
4
Bathrooms
3
Full bathrooms
3
Rooms
Bathroom 1, Bathroom 3, Bedroom 2, Bathroom 2, Bedroom 4, Bedroom 3, Basement, Bedroom 1
Parking features
On Street
Interior features
First Floor Full Bath, Open Floorplan
Basement
Finished
Elementary school
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Middle school
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High school
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Elementary school district
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Middle school district
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High school district
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Directions
See MapQuest, Gps etc...
Standard status
Active
APN
09065-0035
Lot size
0.04 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
7248
Utilities
Utilities
Natural Gas Available
Sewer type
Public Sewer
Heating system
Natural Gas
Water source
Public
Building Details
Year built
1940
Number of units
2
Building materials
Brick
Listing Agency:
Winzone Realty Inc
(718) 899-7000
Listed By:
Padmoutie G. Singh · License #40SI0946922
(917) 693-6346
Added: Jun 26
Changed: Aug 2
Last Checked: Aug 12 at 6:06PM
MLS# 1019142
Copyright © 2026 OneKey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Brick two-family duplex built in 1940 offering approximately 1,512 square feet of living space. The home includes four bedrooms and three full bathrooms, with hardwood floors throughout. Interior details include a first-floor full bath and an open floorplan. The kitchen is equipped with stainless steel appliances, including a cooktop, plus a washer and dryer.
Utilities include natural gas heating, with public water and public sewer service. On-site parking is available via on-street parking. Outside, the backyard is set up for outdoor entertainment.
Set on a 0.0413-acre lot at 97-47 91st Street in Ozone Park, Queens, NY 11416.
Utilities include natural gas heating, with public water and public sewer service. On-site parking is available via on-street parking. Outside, the backyard is set up for outdoor entertainment.
Set on a 0.0413-acre lot at 97-47 91st Street in Ozone Park, Queens, NY 11416.
Key Highlights
- Approximately 1,512 square feet of living space in a legal two‑family duplex
- Four bedrooms and three full bathrooms
- Hardwood floors throughout plus open floorplan and first‑floor full bath
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
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
2,505
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 - Move-in-ready brick duplex with hardwood floors, stainless appliances, washer and dryer, plus an outdoor entertainment backyard.
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: Approximately 1,512 square feet of living space in a legal two‑family duplex; Four bedrooms and three full bathrooms; Hardwood floors throughout plus open floorplan and first‑floor full bath
