137-16 88th Street
Queens, NY 11417
5
Bed
5
Bath
3,284Sqft(Lot)
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 percnt 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,
Property Details
Map
Map
What's Nearby
Nearby Areas
Features
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Bedroom Information
Total beds: 5Bathroom Information
Total Baths: 5 Full Baths: 5Room Information
Basement: None -
Interior Features
Ceiling Fan(s) Laundry Features: Common Area -
Heating & Cooling
Has Heating: Yes Heating: Natural Gas, Hot Water, Steam Has Cooling: Yes Cooling: Ceiling Fan(s)
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Building Information
Year Built: 1978 Building Area Total: 3705 Construction Materials: Brick Stories: 3 Patio And Porch Features: Deck Private Pool: No -
Exterior Features
Exterior Features: Balcony
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Lot Information
Lot Dimensions: 22.3x120 Main Square Feet: 3284 Square Feet Lot Size Acres: 0.08 Lot Size Square Feet: 3284 Lot Description: Back Yard
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Listing Price Information
Listing Price: $999000
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Tax Information
Tax Lot: 57 Tax Block: 11397 Annual Tax: $32524
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Parking Information
Driveway, On Street, AttachedGarage Information
Has Garage: Yes Has Attached Garage: Yes Garage Space: 1
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Utility Information
Cable Available -
Location Information
Security Features: Carbon Monoxide Detector(s), Smoke Detector(s)
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 137-16 88th Street, Queens, NY, 11417 | $999,000 | 5 | 5 | 3,705 | 3,705 SqFt |
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ByOwner last updated this listing 06/18/2026 @ 17:40
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