98-17 101st Avenue 8, Ozone Park, New York 11416 (MLS# 3444261)
Commercial Sale listing in Queens County
Listing ID3444261
Price$2,200,000$200K
StatusActive
Acres
0.150
CountyQueens
Year Built1931
Property TypeCommercial Sale
Property Sub TypeMixed Use
SIGNIFICANT PRICE IMPROVEMENT! 8% PRICE REDUCTION. MOTIVATED SELLER. PORTFOLIO INCLUDES 98-13, 15, 17 101 AVENUE. Block # 9075. Lot #s 51 and 53. This mixed-use assemblage is a very lucrative investment opportunity. The property is located on a well-traveled commercial strip in desirable Ozone Park. The location is minutes from many major arteries including Woodhaven Blvd, Atlantic Avenue, Van Wyck Expressway and Belt Parkway. It is also located minutes from JFK airport and public transportation. This investment opportunity has great upside potential, a rarity in today's market. Residential tenants have no leases. Rents are well below current market rates, another rarity in today's environment. This assemblage also provides for an excellent 1031 Exchange option. Prospective Buyers to conduct own due diligence. NEW ROOF IN 2023, 2 FULLY RENOVATED APTS, NEW REFRIGERATORS. ONGOING ADDITIONAL CAPITAL AND ROUTINE IMPROVEMENTS.
County
Queens
Price Before Reduction
2400000
Price Reduction Date
2024-02-15T16:48:12+00:00
Property Sub Type
Mixed Use
Property Type
Commercial Sale
Year Built
1931
Business Type
Mixed
Current Use
Mixed Use
Mls Status
A
Area Units
Square Feet
Building Size
11240
Heating
Natural Gas, Hot Water, Other
Square Footage
6455.00
Square Footage Source
Municipality
Stories Total
3
Directions
GPS
Elementary School District
Queens 27
High School District
Queens 27
Middle Or Junior School District
Queens 27
MLS Area Minor
13
Township
Queens
Zoning Description
R6B
Business Parking Spaces
4
Flood Zone Report
no
Loading Docks Total
1
Lot Size Area
0.15
Lot Size Dimensions
50x100
Lot Size Source
Other
Lot Size Square Feet
6455
Lot Size Units
Acres
Number Of Buildings
2
Number Of Units Total
8
Overhead Door
1
Overhead Door Height
8
Parking Total
4
Road Frontage Length
62
Sewer
Public Sewer
State Or Province
NY
Gross Income
169440
High Price Dollars
2200000
Net Operating Income
117290
Operating Expense
52150
Tax Annual Amount
26000
Tax Block
9075
Tax Lot
51
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