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8301 101st Ave

6 Unit Block of Flats £1,291,043 (£215,174/Unit) 3.88% Net Initial Yield Ozone Park, NY 11416

Executive Summary

SIGNIFICANT PRICE IMPROVEMENT. GREAT INVESTMENT OPPORTUNITY. THIS PROPERTY HAS A FREE MARKET RENT STATUS. NO LEASES. IDEAL 1031 EXCHANGE OPPORTUNITY.
HUGE UPSIDE/RENTAL INCREASE POTENTIAL.
Legal 6 Family Building In Desirable Ozone Park. Recently Upgraded Units. Hardwood Floors. Upgraded Cabinets, Countertops, Appliances. SIGNIFICANTLY LOW TAXES. LOW MAINTENANCE. MOTIVATED SELLER.

Financial Summary (Pro forma - 2025)

Annual Annual Per SF
Gross Rental Income £108,917 £23.27
Other Income - -
Vacancy Loss - -
Effective Gross Income £108,917 £23.27
Taxes £10,172 £2.17
Operating Expenses £23,865 £5.10
Total Expenses £34,037 £7.27
Net Operating Income £74,880 £16.00

Financial Summary (Pro forma - 2025)

Gross Rental Income
Annual £108,917
Annual Per SF £23.27
Other Income
Annual -
Annual Per SF -
Vacancy Loss
Annual -
Annual Per SF -
Effective Gross Income
Annual £108,917
Annual Per SF £23.27
Taxes
Annual £10,172
Annual Per SF £2.17
Operating Expenses
Annual £23,865
Annual Per SF £5.10
Total Expenses
Annual £34,037
Annual Per SF £7.27
Net Operating Income
Annual £74,880
Annual Per SF £16.00

Property Facts

Price £1,291,043
Price Per Unit £215,174
Sale Type Investment
Net Initial Yield 3.88%
No. Units 6
Property Type Residential
Property Subtype Apartment
Apartment Style Low Rise
Building Class C
Lot Size 0.05 AC
Building Size 4,680 SF
Number of Floors 3
Year Built 1931

Unit Mix Information

Description No. Units Avg. Rent.Mo SF
2+1 6 - -
Walk Score ®
Very Walkable (85)
Transit Score ®
Excellent Transit (84)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
09054-0099
Land Assessment
£1,792 (2024)
Improvements Assessment
£83,489 (2024)
Total Assessment
£85,281 (2024)
Annual Taxes
£10,172 (£2.17/sf)
Tax Year
2025

zoning

Zoning Code R6B
R6B
  • Listing ID: 32087144

  • Date on Market: 10/06/2024

  • Last Updated:

  • Address: 8301 101st Ave, Ozone Park, NY 11416

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