102-04 89th Street , Ozone Park, NY 11416

Sold: $1,100,000
Sold on: Nov 14th, 2025
Sold: $1,100,000
Sold on: Nov 14th, 2025
BEDS0 BATHS MLS#888168
STATUSClosed PROPERTY TYPECommercial - SCHOOLQueens 27


Property Description

Built in 1988 and impeccably maintained, this corner property offers six spacious 2-bedroom units?each with a private balcony and rented at market rates?providing excellent cash flow and long-term value.A true turnkey asset, the building is easy to manage with tenants paying their own utilities, keeping expenses low and net income high.Located steps from shopping, dining, and public transportation?including the A train on Liberty Avenue?this property ensures strong, consistent tenant demand.Whether youre expanding your portfolio or entering the multifamily market, this high-yield building offers solid rental income, minimal overhead, and outstanding growth potential in one of Queens most desirable neighborhoods.

Property Features

Basement: Full, Walk-Out Access
Basement: Yes
Cooling: None
Days on Market: 126
Heating: Baseboard
Lot Size: 0.12 Acres
Stories: 3.0
Taxes: $3,999
Year Built: 1988

Feature Descriptions

Appliances: Gas Range, Refrigerator
Building Area Total: 5330
Building Features: Balcony, Walk Up
Cap Rate: 7
Exterior: Brick
Fencing: None
Flooring: Hardwood
Heating Units: 6
Heating Zones: 6
Lot Features: Corner Lot
On Market Date: 2025-07-11
Other Expense: 9425
Parcel Number: 09091-0007
Parking Features: Driveway
Parking Total: 3
Rental Term: Monthly
Separate Electric Meters: 6
Separate Gas Meters: 6
Sewer: Public Sewer
Tenant Pays: Electricity, Gas, Heat
Units: 6
Utilities: Natural Gas Connected
Water: Public

Local Schools

High School: Robert H Goddard Hs-Comm/Tech
Middle School: Jhs 202 Robert H Goddard
Elementary School: Ps 63 Old South
School District: Queens 27

Listed By / Sold By

Listed By

Agency Name: RE/MAX City Square
Agency Phone: 718-570-7690

Shown By

Agency Title: Coldwell Banker American Homes
Agency Phone: 866-831-4443

Sold By

Agency Name: RE/MAX City Square
Agency Phone: 718-570-7690
Agent Name: Aaron Allen

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