NOT LISTED FOR SALE
12 Beds
6 Baths
-- Sq Ft
4,000 Sq Ft Lot

Last Sold April 17, 2024

Last sale price $1,900,000

62 Days on Market

Highlights

  • Cooling System Mounted In Outer Wall Opening
  • Hot Water Heating System
  • 5-minute walk to Rockaway Boulevard

About This Home

As of April 2024

Attention Investors! Introducing a splendid, fully detached oversized 5-family brick house in the Ozone Park neighborhood. The entire building has been luxuriously renovated from top to bottom, including water pipes, gas pipes, electrical wiring, doors, windows, roof, and exterior walls. This property has living area 5,304 SQFT on lot 4000 SQFT. Building size: 26' x 68' on a lot measuring 40' x 100'. Annual property taxes are $15,509. Both the first and second floors feature front and rear units, each offering generous 2-bedroom layouts with 1 bathroom, kitchen and a living room, and the ceiling over 9 feet height. The full-finished basement is a standout feature; it's a legal single unit with 4 bedrooms, 2 full bathrooms, and an impressive ceiling height of 8 feet. Each kitchen is equipped with granite countertops and brand-name stainless steels appliances. ALL UNITS ARE FREE MARKET RENT, WITH NO RENT CONTROLS AND RENT STABILIZED. The annual market rent for the entire building is approximately $192,000 with annual expenses totaling $25,109. The annual net income is $166,891 resulting in a 8% cap rate. The property features five separate two-in-one water heaters and boilers, 5 gas meters, and 6 electric meters. Public transportation options include the Q11, Q41, Q52-SBS, Q53-SBS, and the A train on Rockaway Blvd. This property offers convenience and flexibility for all residents. Whether you're an investor or looking for a multi-family home, this impressive brick house presents a wealth of opportunities.

Last Agent to Sell the Property

Kelly Wu

RE/MAX Edge Brokerage Phone: 718-288-3835 License #10401268467 Listed on: 01/30/2024

RE/MAX Edge

Last Buyer's Agent

Xiaolan Cao

E Realty International Corp License #10401281467

E Realty International Corp

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $15,509

Year Built

  • Built in 1931

Lot Details

  • 4,000 Sq Ft Lot
  • Lot Dimensions are 40x100
  • No Common Walls

Home Design

  • Brick Exterior Construction

Kitchen

  • Microwave

Bedrooms and Bathrooms

  • 12 Bedrooms
  • 6 Full Bathrooms

Schools

  • Ps 108 Capt Vincent G Fowler Elementary School
  • Middle School 137 America's School-Heroes
  • John Adams High School

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Hot Water Heating System
  • Heating System Uses Natural Gas

Additional Features

  • Finished Basement

Listing and Financial Details

  • Legal Lot and Block 53 / 9174
  • Assessor Parcel Number 09174-0053

Community Details

Overview

  • 5 Units

Building Details

  • 6 Separate Electric Meters
  • 5 Separate Gas Meters

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$15,509

Year Built

Built in 1931

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Architectural Style: Other
  • Property SubType: Multi Family
  • Year Built: 1931
  • New Construction: No
  • Attribution Contact: 718-288-3835
  • BuildingSize: 5304
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Microwave, Refrigerator
  • Living Area Units: Square Feet
  • Common Walls: No Common Walls
  • Full Bathrooms: 6
  • Basement: Finished, See Remarks
  • Inclusions: A/C Units,Microwave,Refrigerator
  • Total Bedrooms: 12
  • NumberOfKitchens: 5

Exterior Features

  • Construction Materials: Brick
  • FloodZoneReportYN: 0

Garage/Parking

  • Attached Garage: No
  • Garage: No
  • Parking Description: None

Utilities

  • Cooling: Wall Unit(s)
  • Cooling: Yes
  • Heating: Natural Gas, Hot Water
  • Sewer: Other
  • Water Source: See Remarks
  • Hot Water: Gas Stand Alone

Condo/Co-op/Association

  • Senior Community: No

Schools

  • Middle School: Ms 137 America'S School-Heroes

Lot Info

  • Lot Size Acres: 0.09
  • Lot Size Area: 0.09
  • Lot Dimensions: 40x100
  • Lot Size Sq Ft: 4000
  • Lot Size Units: Acres
  • Parcel Number: 09174-0053
  • Zoning Description: R4A
  • Property Attached: No
  • ResoLotSizeUnits: Acres

Rental Info

  • Lease Considered: No

Multi Family

  • Units Total: 5
  • Separate Electric Meters: 6
  • Separate Gas Meters: 5

Tax Info

  • Tax Annual Amount: 15509
  • Tax Block: 9174
  • Tax Lot: 53
  • Tax Map Number: 09174-0053

MLS Schools

  • Elementary School: Ps 108 Capt Vincent G Fowler
  • High School: John Adams High School
  • Middle School District: Queens 27

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/17/2024 04/17/24 Sold $1,900,000 -9.4% --
04/02/2024 04/02/24 Pending -- -- --
01/30/2024 01/30/24 For Sale $2,098,000 -- --
Source: OneKey® MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: OneKey® MLS

MLS Number: KEY3528425

OneKey® MLS