9216 95th Ave - Apartments FOR SALE


Ozone Park, NY 11416
$1,400,000 USD
917-806-7040
9216 95th Ave, Ozone Park, NY for Sale
$1,400,000 USD
Apartments - FOR SALE
1/39
null | 6.34% Cap Rate

9216 95th Ave
Ozone Park, NY 11416


HIGHLIGHTS

  • Free Market Rents
  • Near Subway and shopping
  • Totally renovated
  • Tremendous Potential

OVERVIEW

For Sale: 92-16 95th Ave, Ozone Park, NY, 11416 Description: Corner 2 Family mixed use building featuring a 2,500 SF corner Store and Two 1,000 Sq.Ft renovated apartments. RE. Tax: $8,579 Property Video: https://www.youtube.com/watch?v=RBtptm00DHc Tenants pay electric, gas and hot water (3 boilers and 3 water tanks) LAYOUT: *1st Floor: 2,500 SF corner store used by a contractor. $3,200. No Lease *2nd Floor: Vacant Renovated 1,000 Sq.Ft 5 room apartment *3rd Floor: 1,000 Sq.Ft 5 room apartment. $2,250 No Lease. *Basement: 1,100 SF Basement is used as storage for the store Current Gross Income: $107,400 Expenses: (RE Tax, Water/Sewer, Insurance, Electric) = $, 18,579 Net Operating Income: $ 88,821 (6.3 Cap) Projected Income at Market: $144,000 per year Annual Expenses: (RE Tax, Water/Sewer, Insurance, Electric) = $, 18,579 Projected Net Operating Income: $125,421 (8.95 Cap) Price: $1.4 Million (6.3 Cap at current rent) or (8.95 Cap at projected rents) For More information contact REMAX TEAM 1) Victor Weinberger 917-806-7040 (email VWremax@gmail.com) 2) Nick Psomopoulos 917-882-3230 (E-mail: Npsomopoulos@yahoo.com) For Appointment and financials contact exclusive broker: *Victor Weinberger of Re/Max Team *917-806-7040 (cell) 917-591-8000 (eFax) *718-429-4400 (office) *E-mail: VWremax@gmail.com *Web: http://www.VictorWeinberger.com

FOR SALE DETAILS

PRICE

$1,400,000 USD

PRICE/SF

$160 USD /SF

# OF UNITS

3

PRICE/UNIT

$466,667

CAP RATE

6.34%

% LEASED

66%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

92-16 95th Ave Ozone Park Mixed-Use 2 Family

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Storefront Retail/Residential, Dormitory

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1931

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.11 AC

LAND SF

4,792 SF

ZONING

R5 / C1-3

APN/PARCEL ID

09032-0007

ASK ABOUT THIS PROPERTY

Victor WeinbergerVictor Weinberger of REMAX TeamMore Info
917-806-7040

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Victor WeinbergerVictor Weinberger of REMAX TeamMore Info
917-806-7040

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