
Courtesy of: Richard Matt Shane, All Island Estates Realty Corp, matthewshane8828@gmail.com
$2,500,000
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Lot: 0.07 Acres
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Other
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$2,500,000
99-12 - 99-16 97th Street Calling All Investors, Developers & End-Users!!! 100% Occupied 5 Unit 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.): $23, 328 Ann. 3rd Floor: Apt. 2 (2 Br. Apt.; 1, 600 Sqft.): $23, 328 Ann. 4th Floor: Apt. 3 (2 Br. 2, 400 Sqft. Penthouse + 200 Sqft. Terrace): $23, 328 Ann. Medical Office Tax Rebate: $3, 000 Ann. Gross Income: $165, 984 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): $145, 506 Ann. Reply, Reply All or Forward
Courtesy of: Richard Matt Shane, All Island Estates Realty Corp, matthewshane8828@gmail.com
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