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98-17 101st AVE #8 Ozone Park, NY 11416
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Key Details
Sold Price $1,950,000
Property Type Commercial
Sub Type Mixed Use
Listing Status Sold
Purchase Type For Sale
MLS Listing ID KEYL3444261
Sold Date 03/11/25
HOA Y/N No
Originating Board onekey2
Rental Info No
Year Built 1931
Annual Tax Amount $26,000
Lot Dimensions 50x100
Property Sub-Type Mixed Use
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., Additional information: vac_perc:0, Building Size:11240
Location
State NY
County Queens
Interior
Heating Hot Water, Natural Gas, Other
Fireplace No
Exterior
Total Parking Spaces 4
Private Pool No
Building
Story 3
Sewer Public Sewer
Schools
School District Queens 27
Others
Special Listing Condition None
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Bought with Gadura Real Estate LLC