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