8618 Atlantic Ave - Apartments FOR SALE


Ozone Park, NY 11416
$3,500,000 USD
646-221-8423
8618 Atlantic Ave, Ozone Park, NY for Sale
$3,500,000 USD
Apartments - FOR SALE
1/8
null | Request Cap Rate

8618 Atlantic Ave
Ozone Park, NY 11416


OVERVIEW

4 PROPERTY PACKAGE DEAL-PRIME POTENTIAL DEVELOPMENT SITE OR CASH FLOW ASSET FOR SALE | 4-Building Package Deal 8612, 8614, 8616 and 8618 Atlantic Avenue, Ozone Park, Queens Approximately 10,000 SF Lot Mixed-Use + Development Opportunity An exceptional opportunity to acquire four contiguous mixed-use properties—8612, 8614, 8616, and 8618 Atlantic Avenue—offered as a package in the heart of bustling Ozone Park. With a combined lot size of approximately 10,000 square feet (100 ft x 100 ft), this assemblage offers significant as-is cash flow with an available opportunity for value-add plus tremendous redevelopment potential under favorable R5 zoning with a C1-3/C2-3 commercial overlay. Developers and investors alike can take advantage of a prime corner-to-midblock footprint on a heavily trafficked stretch of Atlantic Avenue, near major transit, JFK Airport, and vibrant neighborhood amenities. Development Potential (Combined Site): • Lot Size: ~10,000 SF (four lots) • Zoning: R5 + C1-3/C2-3 overlay • Buildable SF (BSF): ~26,000 SF total • ~16,000 SF Residential • ~10,000 SF Commercial • Estimated Max Stories: 4 total (1 retail + 3 residential) • Proposed Unit Count: Up to 17 residential units • Ideal Project: Mixed-use with ground floor retail and upper-floor rental or condo units Existing Property Breakdown (As-Is): 86-12 Atlantic Avenue • 3 Free Market Residential Units 86-14 Atlantic Avenue • 1 Commercial Storefront • 1 Free Market Residential Units 86-16 Atlantic Avenue • 2 Free Market Residential Units 86-18 Atlantic Avenue • Ground Floor: • 1 Commercial Storefront • Large Commercial Parking Lot • Two Private Garages • Upper Floor: • 1 Free Market Residential Unit Location Highlights: • Major exposure along Atlantic Avenue corridor • Nearby access to A train, buses, Cross Bay Blvd, and JFK • Strong area rental demand and continued growth • Ideal for 1031 exchange, long-term hold, or ground-up redevelopment Whether you’re looking to generate steady cash flow , develop a multi- mixed-use project, or unlock long-term upside, this portfolio delivers on every front. Don’t miss the chance to control a full development lot with proven value and clear zoning advantages. Inquire today for full setup sheets and additional information. * All information should be independently reviewed and verified for accuracy*

FOR SALE DETAILS

PRICE

$3,500,000 USD

PRICE/SF

$350 USD /SF

# OF UNITS

9

PRICE/UNIT

$388,889

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

1980

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.23 AC

LAND SF

10,000 SF

ZONING

R5 + C1-3/C2-3 overlay

APN/PARCEL ID

09020-0008

ASK ABOUT THIS PROPERTY

Douglas WagnerDouglas WagnerMore Info
646-221-8423

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Douglas WagnerDouglas WagnerMore Info
646-221-8423

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.