32
See all 32 photos
$2,950,000
Est. payment /mo
Price Dropped by $300K
99-12 - 99-16 97th ST Ozone Park, NY 11416
REQUEST A TOUR
UPDATED:
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
MLS Listing ID 881682
Rental Info No
Year Built 2006
Annual Tax Amount $13,692
Property Sub-Type Other
Source onekey2
Property Description
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. (7.18% Cap!!!)
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. (7.18% Cap!!!)
Location
State NY
County Queens
Interior
Heating Natural Gas
Cooling Central Air
Fireplace No
Exterior
Utilities Available Natural Gas Available, See Remarks
Total Parking Spaces 8
Building
Story 5
Foundation Other
Sewer Public Sewer
Water Public
Structure Type Block,Other
Others
Special Listing Condition None
Listed by All Island Estates Realty Corp • Richard Matt Shane
GET MORE INFORMATION
