95-16 87 St, Queens, NY 11416
This exceptional investment opportunity presents two adjoining, fully leased Class A multifamily buildings located at 95-16 & 95-18 87th Street in Ozone Park, Queens, NY 11416. Built in 2007, this stabilized property boasts a total of 6 free-market units across three stories, encompassing 6,061 square feet. Each unit offers a desirable three-bedroom layout, catering to a strong rental demand. The asking price is $2,500,000, translating to $412.47 per square foot and $416,667 per unit. Currently operating at 100% occupancy, this property offers immediate cash flow. All utilities are separately metered for efficient management and tenant accountability. Convenient amenities include on-site parking and storage areas for tenants. The property's prime location offers easy access to Rockaway Boulevard, Atlantic Avenue, and Liberty Avenue, providing residents with convenient transportation and access to local amenities. This is a rare opportunity to acquire a high-quality, well-maintained multifamily property in a desirable Queens neighborhood. The strong rental market and efficient building design make this an attractive investment for both seasoned and new investors seeking a stable and profitable venture.
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Skunk Funk Big Box & Wholesale Store
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Carl's Trading Co Hat Shop
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Bushka's Kitchen LLC (Bike/Boat/Book/etc) Store
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.