Overview
Calling All Investors, Developers, & End-Users!!! Free Market Mixed-Use Building With Private Gated Parking In Ozone Park For Sale!!! The Property Features Excellent Signage, Great Exposure, 2 Lots, Smart Meters, Courtyard, 4 Br. Free Market Apartment with Terrace, Strong R4-1 Zoning, High 9’ Ceilings, CCTY/Security System, Basement, 2 Fireplaces, Outdoor Terrace, Low Property Taxes, 6 Parking Spaces In A Private Gated Lot, Separate Meters, All New LED Lighting, CAC, +++!!! The Property Is Located In The Heart Of Ozone Park 2 Blocks From Cross Bay Blvd. & Minutes From JFK Airport!!! The Building Was Renovated In 2020 & 2022!!! The Property Has 19’ Of Frontage On Sutter Avenue & 24’ Of Frontage On Chicot Road!!! Neighbors Include Starbucks, UPS, Nissan, The Home Depot, Stop & Shop, LA Fitness, Safeguard Self Storage, Marshalls, Raymour & Flanigan, Karako Suits, Mattress Firm, Dollar Tree, IHOP, +++!!! This Property Offers HUGE Upside Potential!!! This Could Be Your Next Development Site / The Next Home For Your Business!!! Income: Regency Grand Ballroom: $60, 000 Ann. M-M.2nd Floor Apt. (4 Br., 1.5 Bath, 1720 SF): $42, 000 Ann.; M-M.LL: $18, 000 Ann. (Available)Parking: $8, 600 Ann. Pro Forma Gross Income: $128, 600 Ann. Expenses: Gas: $2, 400 Ann. Electric: $2, 100 Ann. (1st Floor & Basement Only)Maintenance & Repairs: $250 Ann. Water & Sewer: $840 AnnInsurance: $2, 200 Ann. Taxes: $5, 997 Ann. Total Expenses: $13, 787 Ann.Net Operating Income (NOI): $114, 813 Ann. (Pro Forma 9.98 Cap!!!)