9916 97th St - Office/Residential FOR SALE


Ozone Park, NY 11416
$3,650,000 USD
516-279-8828
9916 97th St, Ozone Park, NY for Sale
$3,650,000 USD
Office/Residential - FOR SALE
1/33
null | 6.39% Cap Rate

9916 97th St
Ozone Park, NY 11416


HIGHLIGHTS

  • Calling All Investors, Developers & End-Users!!! 100% Occupied 5 Unit Free Market 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, 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,+++!!
  • The Building Has 62+ Feet Of Frontage On 97th Street!!!
  • This Property Offers HUGE Upside Potential!!!

OVERVIEW

Calling All Investors, Developers & End-Users!!! 100% Occupied 5 Unit Free Market 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.): $48,600 Ann. 3rd Floor: Apt. 2 (2 Br. Apt.; 1,600 Sqft.): $48,600 Ann. 4th Floor: Apt. 3 (2 Br. 2,400 Sqft. Penthouse + 200 Sqft. Terrace): $57,600 Ann. Medical Office Tax Rebate: $3,000 Ann. Gross Income: $253,800 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): $233.322 Ann. (6.39% Cap!!!)

FOR SALE DETAILS

PRICE

$3,650,000 USD

PRICE/SF

$777 USD /SF

CAP RATE

6.39%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Office/Residential

ADD'L SUBTYPES

Freestanding, Storefront Retail/Residential, Medical

TOTAL BUILDING SIZE

-

STORIES

4

BUILDING CLASS

B

YEAR BUILT

2006

SPRINKLERS

-

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.07 AC

LAND SF

3,049 SF

ZONING

R4-1

APN/PARCEL ID

09071-0108

ASK ABOUT THIS PROPERTY

Matthew ShaneAll Island CommercialMore Info
516-279-8828

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Matthew ShaneAll Island CommercialMore Info
516-279-8828

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