Calling All Investors, Developers, & End-Users!!! Free Market Mixed-Use Building With Private Gated Parking In Ozone Park For Sale!!! The Property Features Excellent Signage, Great Exposure, 2 Lots, Smart Meters, Courtyard, 4 Br. Free Market Apartment with Terrace, Strong R4-1 Zoning, High 9’ Ceilings, CCTY/Security System, Basement, 2 Fireplaces, Outdoor Terrace, Low Property Taxes, 6 Parking Spaces In A Private Gated Lot, Separate Meters, All New LED Lighting, CAC, +++!!! The Property Is Located In The Heart Of Ozone Park 2 Blocks From Cross Bay Blvd. & Minutes From JFK Airport!!! The Building Was Renovated In 2020 & 2022!!! The Property Has 19’ Of Frontage On Sutter Avenue & 24’ Of Frontage On Chicot Road!!! Neighbors Include Starbucks, UPS, Nissan, The Home Depot, Stop & Shop, LA Fitness, Safeguard Self Storage, Marshalls, Raymour & Flanigan, Karako Suits, Mattress Firm, Dollar Tree, IHOP, +++!!! This Property Offers HUGE Upside Potential!!! This Could Be Your Next Development Site / The Next Home For Your Business!!! Income: Regency Grand Ballroom: $60,000 Ann. M-M. 2nd Floor Apt. (4 Br., 1.5 Bath, 1720 SF): $42,000 Ann.; M-M. LL: $18,000 Ann. (Available) Parking: $8,600 Ann. Pro Forma Gross Income: $128,600 Ann. Expenses: Gas: $2,400 Ann. Electric: $2,100 Ann. (1st Floor & Basement Only) Maintenance & Repairs: $250 Ann. Water & Sewer: $840 Ann Insurance: $2,200 Ann. Taxes: $5,997 Ann. Total Expenses: $13,787 Ann. Net Operating Income (NOI): $114,813 Ann. (Pro Forma 9.98 Cap!!!)
Details
MLS #
811270
Listing Type
For Sale
Style
Mixed Use
Sub-Type
Resale
Status
Active
Year
1910
Days On Site
650
Listing Provided By
All Island Estates Realty Corp | Richard Matt Shane
Features
SQ Feet
2,520
Zoning
R4-1
Interior
Cooling
Wall/Window Unit(s)
Heating
Natural Gas
Exterior
Construction Materials
Brick, Frame
Utilities
Utilities
Natural Gas Connected
Sewer
Public Sewer
Taxes
Tax Year
2025
Tax Annual Amount
5997
Area Information
State
NY
County
Queens
City
Ozone Park
Zip Code
11427
Sourced by Back At You
MLS Number: 811270
Richard Matt Shane – (516) 279-8828 – matthewshane8828@gmail.com
All Island Estates Realty Corp – (516) 783-5600 – judith@allislandestates.com
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MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the OneKey® MLS
MLS Number: 811270
Richard Matt Shane – (516) 279-8828 – matthewshane8828@gmail.com
All Island Estates Realty Corp – (516) 783-5600 – judith@allislandestates.com
