$2,500,000 - 99-12 - 99-16 97th Street, Ozone Park, NY 11416｜MLS# 881682

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.




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