Remarks

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
Price: $1,150,000

Style: Mixed Use
Sq Ft: 2520
Year Built: 1910

County: Queens
Tax Fee: 5997