98-17 101st Ave #8

Ozone Park, NY 11416 View Map $2,200,000 Schedule a Tour
Sq.Ft. Lot6,455
Year1931
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Barbie Li Team

(646) 889-9988
 
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Status: Pending
Property Type:Mixed Use
MLS #:3444261
On Site:582 Days
Lot Size:6,455 Sq. Ft.
County:Queens
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.

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$000 Monthly Payment
Loan and interest only.

Detailed Maps

Price Change History

Date Old Price New Price Percent Change
2/13/2024$2,400,000$2,200,000-8.3%

Community Information

Address:98-17 101st Ave #8, Ozone Park, NY 11416
County:Queens
City:Ozone Park
School District:Queens 27
Hamlet :Queens
Zip Code:11416
P.O.:13

Features / Amenities

Parking Total: 4
Heating: Natural Gas, Hot Water

Property Features

Lot Size: 0.15 Acres / 6,455 Sq. Ft.
Lot Dimensions:50x100
Sewer: Public Sewer
Zoning:R6B
Directions:GPS

Tax and Financial Info

Tax Annual Amount: $26,000
Date Available: 2024-07-31
Gross Income: $169,440
Net Income: $117,290
Type of Business: Mixed

Schools

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98-17 101st Ave #8 Ozone Park,  NY 11416
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98-17 101st Ave #8 Ozone Park, NY 11416
 
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Choose Your Date -- It's Free, Cancel Anytime
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Listing Information Last Updated 6/20/2024
Listing provided courtesy of Nyc Home Sales (646-261-9628).
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