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90-02 97th Avenue

Ozone Park, NY 11416
  • $1,450,000
  • STATUS: Active
  • ON SITE: 214 Days
  • MLS #: 462413
Open House
UPDATED: 70 min ago
$1,450,000
  • 11
    BEDS
  • 0.06
    ACRES
  • 5
    BATHS
  • 0
    1/2 BATHS
  • 3,600
    SQFT
  • $403
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1931
County:
Area:

School Ratings & Info

Description

Prime Ozone Park Queens EXCLUSIVE Totally Newly renovated legal 5 family FOR SALE Free market rental income producer with current 7% CAP rate fully occupied! Semi attached featuring new full finished basement with insulated wall & concrete water proofed & new gas boiler & gas hot water with fireproof walls & new updated electric circuit breaker wiring! 1st floor huge 3 bedrooms with large Living room & new modern EIK plus 2 bath paying $ $2,650 a month! 2nd floor Front 2 bedrooms with LR, EIK paying $ 1,800 a month 2nd Floor Rear 2 bedroom with LR & EIK paying $ 1,900 a month! 3rd floor front 1 bed + huge LR, EIK paying $ 1,650.00 a month plus 1 car parking additional. $ 125.00 a month 3rd floor rear large 2 bed , LR, & EIK paying $ 2,000.00 a month; plus 2 other parking spot $ 220.00 (for 2 cars month) plus additional $ 850.00 a month total yearly income $ 130,668.00 - current existing 7% CAP rate ! ONLY 3 apartment has leases (2R & 2F & 3R) ALL market tenant & 1 HASA (All Move IN condition)!! ! 24 x 100 lot building size $ 24 x 50 on R4-1 zone! Private enclosed backyard with 4 car parking! Shown by appointment only 48 hours prior to BRP Exclusive- School district 27 walk 0.319 to train station & all buses , shopping & restaurant! Owner very motivated! Just move in or collect rent!! ALL TENANT LEASES EXPIRED- GREAT UPSIDE POTENTIAL ALL MARKET RENT- NOT STABILIZED! GREAT UPSIDE POTENTIAL Huge PRICE break!!! NO LEASES - ALL UNIT LEASES EXPIRES - MONTH TO MONTH TENANCY! ALL FREE MARKET APARTMENT! NO RESTRICTIONS! GREAT UPSIDE POTENTIAL! OWNER LOW INTEREST RATE IS ASSUMABLE SAVE ON CLOSING & LOW RATE!!

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© 2022 Brooklyn New York Multiple Listing Service, Inc. All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Citi Star Realty. Data last updated: 2022-12-10T00:00:21.75.
www.citistarrealtyinc.com/homes/128495254
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90-02 97th Avenue Ozone Park, NY 11416

  • Price: $1,450,000
  • Status: Active
  • On Site: 214 Days
  • Updated: 70 min ago
  • MLS #: 462413
11
Beds
5
Baths
0
½ Baths
0.06
Acres
3,600
SQFT
$403
$/SQFT
1931
Built
Neighborhood:
Queens
County:
Queens
Area:
Ozone Park
Property Description
Prime Ozone Park Queens EXCLUSIVE Totally Newly renovated legal 5 family FOR SALE Free market rental income producer with current 7% CAP rate fully occupied! Semi attached featuring new full finished basement with insulated wall & concrete water proofed & new gas boiler & gas hot water with fireproof walls & new updated electric circuit breaker wiring! 1st floor huge 3 bedrooms with large Living room & new modern EIK plus 2 bath paying $ $2,650 a month! 2nd floor Front 2 bedrooms with LR, EIK paying $ 1,800 a month 2nd Floor Rear 2 bedroom with LR & EIK paying $ 1,900 a month! 3rd floor front 1 bed + huge LR, EIK paying $ 1,650.00 a month plus 1 car parking additional. $ 125.00 a month 3rd floor rear large 2 bed , LR, & EIK paying $ 2,000.00 a month; plus 2 other parking spot $ 220.00 (for 2 cars month) plus additional $ 850.00 a month total yearly income $ 130,668.00 - current existing 7% CAP rate ! ONLY 3 apartment has leases (2R & 2F & 3R) ALL market tenant & 1 HASA (All Move IN condition)!! ! 24 x 100 lot building size $ 24 x 50 on R4-1 zone! Private enclosed backyard with 4 car parking! Shown by appointment only 48 hours prior to BRP Exclusive- School district 27 walk 0.319 to train station & all buses , shopping & restaurant! Owner very motivated! Just move in or collect rent!! ALL TENANT LEASES EXPIRED- GREAT UPSIDE POTENTIAL ALL MARKET RENT- NOT STABILIZED! GREAT UPSIDE POTENTIAL Huge PRICE break!!! NO LEASES - ALL UNIT LEASES EXPIRES - MONTH TO MONTH TENANCY! ALL FREE MARKET APARTMENT! NO RESTRICTIONS! GREAT UPSIDE POTENTIAL! OWNER LOW INTEREST RATE IS ASSUMABLE SAVE ON CLOSING & LOW RATE!!
Exterior Features

Building Length 50.00 Building Width 24.00 Construction Materials Other Exterior Stucco Lot Size Length 100 Lot Size Width 24 Parking Attributes 3 Spaces Parking Feature Private Drive Roof Flat Style High Ranch Yard BackFenced - Full

Interior Features

Basement Amenities Unfinished Building Footprint Sq Ft 1200 Flooring HardwoodLaminate Foundation Details Poured Concrete Heat Delivery Steam/Radiator Total Rooms 28

Property Features

ACUnits 0 Block 9064 Building Amenities Secure Lobby Construction Type Semi-Detached Cross Street Name 101 Street Electric Circuit Breakers Financing 1031 ExchangeBank MortgageCash Gross Income 130668 Handicap Access Unknown Heating Fuel Gas Hot Water Gas Insurance Expense 2700.00 Lot Number 1 Lot Size Irregular YN 0 Miscellaneous Expense 88254.00 Net Operating Income 127078.00 Number Of Families 5 Property Sub Type Multi-Family Property Type Residential Residential Features RefrigeratorStove Sale Type Arm's Length Tax Amount 21000.00 Transaction Type Sale Zoning R4-1

Listing information © 2022 Brooklyn New York Multiple Listing Service, Inc.
Listing provided courtesy of Brp Associates Inc: (718) 713-6888.


© 2022 Brooklyn New York Multiple Listing Service, Inc. All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Citi Star Realty. Data last updated: 2022-12-10T00:00:21.75.
 
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