Price Reduced 8.33%

$2,200,000

Pending

Est. Mortgage $11,415/mo *

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Price History

$2,400,000
11/17/2022

$2,200,000
2/14/2024

98-17 101st Avenue, #8, Ozone Park, NY, 11416

98-17 101st Avenue, #8, Ozone Park, NY, 11416
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1931

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.

Status:

Pending

Type:

Commercial

Units:

8

Zoning:

R6B

Heating:

Natural Gas, Hot Water, Other

Levels:

3

Parking:

4-car

Acreage:

0.15

Est. Taxes:

$26,000

Current Use

Mixed Use

School District:

Community District 27

Days on Market:

550

MLS #:

3444261

Community Info

School Info

Walk Score

Mass Transit

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Listing courtesy of NYC Home Sales 646-261-9628