55-44 97 PLACE

An exceptional investment opportunity with a projected cap rate approaching 7%, offering attractive income potential. Welcome to 55‑44 97th Place, a modern 6-story elevator building built in 2020 — one of the few new construction buildings in the area. Built in 2020, this well-maintained property features 10 residential units with a mix of spacious two-bedroom layouts and 1 three-bedroom layouts — all designed for comfortable, contemporary living in one of Queens’ most desirable neighborhoods. The building comes with a 421‑a Tax Abatement valid for 35 years (2023–2058), offering significant tax savings and enhancing the property’s long-term investment potential. Located on a quiet residential block yet close to major transportation options, the building offers excellent access to the M/R and 7 subway lines, making commutes into Manhattan and throughout Queens easy and convenient. Residents enjoy a clean, secure environment with elevator service, on-site laundry, central air, and open layouts with private outdoor space in select units — all complemented by strong rental demand in a vibrant, transit-connected community. Perfect for investors alike, 55‑44 97th Place presents bright, functional units with modern finishes, a proven rental history, and a long-term tax abatement that maximizes financial efficiency. Don’t miss this opportunity to own in a solid Queens location with stable income potential. Building Amenities: Elevator 2 Bathrooms per Unit Central A/C Dishwasher Hardwood Floors Private Balconies Laundry Room

1. listedApr 3, 2026

   $4.50M
   Listed by EASYRENT REALTY LLC