NOT LISTED FOR SALE

97-20 87th St Jamaica, NY 11416

Ozone Park Neighborhood

Estimated Value: $1,116,027 - $1,330,000

4 Beds
2.5 Baths
2,500 Sq Ft
$486/Sq Ft Est. Value

Last Sold May 10, 2022

Last sale price $1,160,000 $464 Per Sq Ft

Est. 5% increase in value since last sale

Current estimated payment $7,140/month

Highlights

  • 5,500 Sq Ft lot
  • 6 Car Detached Garage
  • Multiple cooling system units
  • Wood Flooring
  • Porch
  • Heating System Uses Steam

About This Home

As of May 2022

First time on market! Do not miss this once in a lifetime opportunity to own a legal two-family house on a gigantic 55 x 100 lot! Offering an abundance of free off-street parking, this property also boasts a private driveway and a 5+ car garage!! If you have a collection of cars… this is the property you have been waiting for! The house itself is a 2-family brick home. The second floor offers a combination living & dining room, kitchen, full bath, 2 bedrooms and a bonus room that could be used as an office or other. The first floor offers combination living and dining room, updated kitchen, updated full bath and two bedrooms. There is also a semi-finished basement with huge family/storage room, half bath, laundry, utility room plus a separate entrance from the front and the back of the house! Updated electric, gas heat and each apartment has its own separate hot water heater! The entire home is in fantastic move-in ready condition. There are so many features to this property that make it truly unique and remarkable, you really must see it to appreciate it! In addition, this property can be further developed and/or built on (ask for zoning analysis report). Great location close to all sorts of shopping & restaurants. 3 blocks to the A train, 6 blocks to the J & Z trains plus plenty of buses within a short distance including the Q8, Q11, Q21, Q41, Q7, Q24 and Q112. Minutes to JFK! Hurry… this property will be sold fast!!

Last Agent to Sell the Property

Mitchell Feldman

Listed on: 01/25/2022

Last Buyer's Agent

Mitchell Feldman

Listed on: 01/25/2022

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,917

Year Built

  • Built in 1925

Lot Details

  • 5,500 Sq Ft Lot
  • Lot Dimensions are 100 x 55
  • Back Yard

Home Design

  • Duplex
  • Flat Roof Shape
  • Brick Exterior Construction
  • Poured Concrete

Interior Spaces

  • 2,500 Sq Ft Home
  • 2-Story Property
  • Finished Basement
  • Walk-Out Basement
  • Stove

Flooring

  • Wood
  • Parquet
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms

Parking

  • 6 Car Detached Garage
  • Private Driveway

Outdoor Features

  • Porch

Utilities

  • Multiple cooling system units
  • Heating System Uses Steam
  • Heating System Uses Gas
  • Gas Water Heater

Listing and Financial Details

  • Tax Block 9058

Community Details

Building Details

  • Fuel Expense $2,000
  • Insurance Expense $1,800

Additional Features

  • 2 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,917

Year Built

Built in 1925

Lot Details

0

Listing Details

  • Basement Amenities: Finished, Separate Entrance
  • Total Bathrooms: 3.00
  • Baths Total Level1: 1.00
  • Baths Total Level2: 1.00
  • Beds Total Level1: 2
  • Beds Total Level2: 2
  • Borough: Queens
  • Building Footprint Sq Ft: 900
  • Building Length: 45.00
  • Building Width: 20.00
  • Confirmed By M L S Y N: Yes
  • Cross Street: 97th Avenue
  • Cross Street Name2: Rockaway Blvd
  • Handicap Access Y N U: No
  • Heat Delivery: Steam/Radiator
  • Negotiate Thru: Broker
  • Number Of Families: 2
  • Parking Attributes: 6+ Spaces, Detached Garage
  • Parking Feature Single: Private Drive
  • Property Sub Type: Multi-Family
  • Prop. Type: Residential
  • Residential Features: A/C Unit - Wall, Laundry Area, Porch, Refrigerator, Stove
  • Rooms Total Level1: 4
  • Rooms Total Level2: 5
  • Fill Sq Ft Total: 2500
  • Building Stories: 2
  • Street Name I D X: 87th
  • Street Number I D X: 97-20
  • Building Style: Duplex
  • Waterfront Present: No
  • Year Built: 1925
  • Special Features: None
  • Stories: 2

Interior Features

  • Basement Full Bathrooms: 2
  • Basement Half Bathrooms: 1
  • Total Bedrooms: 4
  • Flooring: Carpeting, Hardwood, Parquet, Tile
  • Lot Sq Ft: 5500
  • Total Rooms: 11

Exterior Features

  • Yard: Back
  • Exterior Building Type: Semi-Detached
  • Construction Type: Brick
  • Exterior: Brick
  • Foundation Details: Poured Concrete
  • Lot Number: 14
  • Roof: Flat

Utilities

  • Air Conditioning Units: 3
  • Electric: Circuit Breakers
  • Heating Fuel: Gas
  • Hot Water: Gas

Fee Information

  • Annual Fuel Expense: 2000.00

Lot Info

  • Lot Size Irregular: No
  • Lot Size Length: 100
  • Lot Size Width: 55
  • Zoning: R4-1

Multi Family

  • Insurance Expense: 1800.00
  • Unit Count: 2

Tax Info

  • Flip Tax Amount: 7917.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 25, 2022
Closed on
May 10, 2022
Sold by
Michael J Patti Revocable Trust and Patti As Trustee Michael J
Bought by
9720 87 St Llc
Seller's Agent
Mitchell Feldman
Buyer's Agent
Mitchell Feldman
Sold Price
$1,160,000
Current Estimated Value
$1,214,007

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$54,007
Avg. Annual Appreciation
1.56%
Original Mortgage
$870,000
Outstanding Balance
$827,849
Interest Rate
5.11%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$393,887

Purchase Details

Closed on
Mar 12, 2018
Sold by
Patti Michael J
Bought by
Michael J Patti Revocable Trust and Patti

Purchase Details

Closed on
Oct 26, 2006
Sold by
Patti Michael J and Patti Pauline A
Bought by
Patti Michael J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,192
Interest Rate
6.31%
Source: Public Records

Range of Values:

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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
9720 87 St Llc $1,160,000 --
9720 87 St Llc $1,160,000 --
Michael J Patti Revocable Trust -- --
Michael J Patti Revocable Trust -- --
Patti Michael J -- --
Patti Michael J -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 9720 87 St Llc $870,000
Closed 9720 87 St Llc $870,000
Previous Owner Patti Michael J $265,000
Previous Owner Patti Michael J $2,192
Closed Patti Michael J $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/10/2022 05/10/22 Sold $1,160,000 -- $464 / Sq Ft
01/25/2022 01/25/22 Pending -- -- --
Source: Brooklyn Board of REALTORS®

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $8,069 $42,587 $13,893 $28,694
2024 $8,069 $40,176 $12,654 $27,522
2023 $8,069 $40,176 $13,326 $26,850
2022 $5,755 $64,020 $20,220 $43,800
2021 $7,621 $53,040 $20,220 $32,820
2020 $7,216 $58,320 $20,220 $38,100
2019 $6,711 $49,920 $20,220 $29,700
Source: Public Records

Agents Affiliated with this Home

  • Mitchell Feldman

    Seller's Agent in 2022

    Mitchell Feldman

    (917) 805-0783

    1 in this area

    114 Total Sales

    Mitchell Feldman
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Map

Source: Brooklyn Board of REALTORS®

MLS Number: 458572

Brooklyn Board of REALTORS®

APN: 09058-0014

New York Queens County Jamaica 11416 Ozone Park

97-20 87th St, Jamaica, NY

This home is located at 97-20 87th St, Jamaica, NY 11416 since 25 January 2022 and is currently estimated at $1,214,007, approximately $485 per square foot. This property was built in 1925. 97-20 87th St is a home located in Queens County with nearby schools including New York City Academy For Discovery, Jhs 210 Elizabeth Blackwell, and Divine Mercy Catholic Academy.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Brooklyn Board of REALTORS® The property information being provided is 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. Listing information is deemed reliable, but not guaranteed. The data relating to real estate for sale on this web site comes in part from the participating Brokers.

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