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Calling All Investors, Developers & End-users!!! 100% Occupied 5 Unit Free Market Mixed-use Building In Ozone Park For Sale!!! The Building Features Excellent Signage, Great Exposure, 8 Parking Spaces, High 11’ Ceilings, R4-1 Zoning, (3) 2 Br. Apts., Elevator, All New Led Lighting, 3 Phase Power, Cac, +++!!! The Property Is Located In The Heart Of Ozone Park 2 Blocks Off Woodhaven Blvd.!!! Neighbors Include Chase Bank, Nissan, The Home Depot, Stop & Shop, Cubesmart Self Storage, Safeguard Self Storage, Marshalls, Raymour & Flanigan, Cvs, Taco Bell, Mcdonald’s, Dollar Tree, Subway, Rite Aid, Pizza Hut, Kfc, +++!!! The Building Has 62+ Feet Of Frontage On 97th Street!!! This Property Offers Huge Upside Potential!!! This Could Be Your Next Development Site Or The Next Home For Your Business!!! Income: Ll: Wine Distributor (1, 800 Sqft.): $45, 600 Ann.; M-m.; Been Here 15+ Years. 1st Floor: Medical Office (1, 800 Sqft.): $50, 400 Ann.; Lease Exp. 5/26/26. No Options. Been Here Since 2017. 2nd Floor: Apt 1. (2 Br. Apt.; 1, 600 Sqft.): $48, 600 Ann. 3rd Floor: Apt. 2 (2 Br. Apt.; 1, 600 Sqft.): $48, 600 Ann. 4th Floor: Apt. 3 (2 Br. 2, 400 Sqft. Penthouse + 200 Sqft. Terrace): $57, 600 Ann. Medical Office Tax Rebate: $3, 000 Ann. Gross Income: $253, 800 Ann. Expenses: Gas: $0 Ann. Electric: $860 Ann. (hallway Only) Maintenance & Repairs: $250 Ann. Insurance: $3, 276 Ann. Water & Sewer: $2, 400 Ann. Trash: $0 Ann. Taxes: $13, 692 Ann. Total Expenses: $20, 478 Ann. Net Operating Income (noi): $233.322 Ann. (6.39% Cap!!!)
Location/Town | New York |
Area/County | Queens |
Post Office/Postal City | Ozone Park |
Prop. Type | Commercial Sale |
Tax | $13,692.00 |
# Stories | 5 |
Year Built | 2006 |
Construction | Block, Other |
Total Units | 5 |
Lot SqFt | 3,129 |
Cooling | Central Air |
Heat Source | Natural Gas |
Util Incl | Natural Gas Available, See Remarks |
Days On Market | 8 |
Tax Lot | 108 |
Units | 5 |
Listing information courtesy of: All Island Estates Realty Corp |