USANYOzone Park137-16 88Th St
Listing image | Image 1

137-16 88Th St, Ozone Park, NY

House

For Sale

Listed price in listed location currency (USD).
$999,000

550

MLS® 502298

  • Key Facts
  • Description
  • Map

Key Facts

Type Multi Family
Levels Residential
Size 3705 sqft
Garage Yes
Taxes $32,524
Days Active 5
Lot Size 3290 SF
Approx. Age 1978
Avg. Price Per Sqft $269
MLS® Number 502298

Property Address: 137-16 88th St, Ozone Park, NY, 11417-2729

Average square foot calculated using Size range provided by listing agent.

Description

Exceptional investment opportunity in the heart of Ozone Park. This brick 5-unit income-producing property consists of five 1-bedroom apartments and is currently operating at approximately a 5% cap rate with significant upside potential. Two units are currently vacant, providing a rare opportunity for a new owner to immediately lease at market rents and substantially increase the property’s income and overall return. Additional features include a private driveway, garage, common laundry area with supplemental income potential, separate utility services, and approximately 3, 705 square feet of building area. Located just minutes from Cross Bay Boulevard, transportation, shopping, restaurants, and major roadways. Whether you’re looking for a stable long-term hold, value-add investment, or 1031 exchange opportunity, this property offers immediate cash flow with the ability to significantly improve performance through lease-up and rental optimization. Rarely does a Queens multifamily asset offer both current income and such clear potential for future growth.
MLS® Number502298
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
GarageYes
Approx. Age1978
BasementNone
Driveway1 Space, Built-In Garage, Other
Garage Spaces
HeatBaseboard, Gas
A/CA/C Unit - Window

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Jun 15, 2026List Date
$999,000List Price
Jan 27, 2024End Date
$2,050Sold Price

Leased

Dec 3, 2024List Date
$2,200List Price
  • Commute

Commute

Starting Address
Destination Address
137-16 88Th St, Ozone Park, NY

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