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

$2,200,000

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0.15

Acres

About 98-17 101st Avenue # 8

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.

Features of 98-17 101st Avenue # 8

MLS® # 3444261
Price $2,200,000
Bathrooms 0.00
Square Footage 6455
Acres 0.15
Year Built 1931
Type Commercial Sale
Sub-Type Mixed Use
Status Active

Community Information

Address 98-17 101st Avenue # 8
City Ozone Park
County Queens
State NY
Zip Code 11416

Amenities

Parking Spaces 4
Is Waterfront No
Has Pool No

Interior

Heating Natural Gas, Hot Water, Other
Fireplace No
# of Stories 3
Has Basement No

School Information

District Queens 27

Additional Information

Date Listed November 17th, 2022
Days on Market 525
Zoning R6B
Short Sale No
RE / Bank Owned No

Listing Details

Listing Provided Courtesy ofNYC Home Sales

Listing Map

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