$ 2,200,000
98-17 101st AVE #8 Ozone Park, NY 11416
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REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 2,200,000
Est. payment /mo
Pending
98-17 101st AVE #8 Ozone Park, NY 11416
6,534 Sqft Lot
UPDATED:
05/22/2024 02:55 AM
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Pending
Purchase Type For Sale
MLS Listing ID 3444261
Originating Board onekey
Rental Info No
Year Built 1931
Annual Tax Amount $26,000
Lot Size 6,534 Sqft
Acres 0.15
Lot Dimensions 50x100
Property Description
SIGNIFICANT PRICE IMPROVEMENT! 8% PRICE REDUCTION. MOTIVATED SELLER. PORTFOLIO INCLUDES 98-13, 15, 17 101 AVENUE. Block # 9075. Lot #s 51 and 53. This mixed-use assemblage is a very lucrative investment opportunity. The property is located on a well-traveled commercial strip in desirable Ozone Park. The location is minutes from many major arteries including Woodhaven Blvd, Atlantic Avenue, Van Wyck Expressway and Belt Parkway. It is also located minutes from JFK airport and public transportation. This investment opportunity has great upside potential, a rarity in today's market. Residential tenants have no leases. Rents are well below current market rates, another rarity in today's environment. This assemblage also provides for an excellent 1031 Exchange option. Prospective Buyers to conduct own due diligence. NEW ROOF IN 2023, 2 FULLY RENOVATED APTS, NEW REFRIGERATORS. ONGOING ADDITIONAL CAPITAL AND ROUTINE IMPROVEMENTS.
Location
State NY
County Queens
Zoning R6B
Interior
Heating Natural Gas, Hot Water, Other
Fireplace N
Exterior
Total Parking Spaces 4
Building
Story 3
Sewer Public Sewer
Schools
School District Queens 27
Others
Special Listing Condition None
Listed by NYC Home Sales • 646-261-9628