137-16 88th Street
Queens, NY 11417
5
Bed
5
Bath
3,705Sqft
0.08Acre(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% 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 103
Property Details
Map
Map
What's Nearby
Nearby Areas
Features
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Bedroom Information
Total beds: 5Bathroom Information
Full Baths: 5Room Information
Rooms Total: 15 -
Flooring Information
Hardwood, Laminate, Tile, Other -
Roofing Information
Shingle -
Interior Features
Roof: Shingle Appliances: Gas Water Heater Laundry Features: Common Area -
Heating & Cooling
Has Heating: Yes Heating: Baseboard, Natural Gas Has Cooling: Yes Cooling: Window Unit(s)
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Building Information
Year Built: 1978 Building Area Total: 3705 Construction Materials: Brick Stories: 3 Private Pool: No
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Lot Information
Lot Dimensions: 120 x 22 Lot Size Acres: 0.08 Lot Size Square Feet: 3290 Lot Description: Irregular Lot
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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
Other, Garage
How much is this property worth?
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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 | -- |
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ByOwner last updated this listing 06/18/2026 @ 17:40
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