24
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$1,150,000
Est. payment /mo
Price Dropped by $50K
91-08 Sutter AVE Ozone Park, NY 11427
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UPDATED:
02/24/2025 03:01 PM
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
MLS Listing ID KEY811270
Originating Board onekey2
Rental Info No
Year Built 1910
Annual Tax Amount $5,997
Property Sub-Type Mixed Use
Property Description
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 Ann
Insurance: $2,200 Ann.
Taxes: $5,997 Ann.
Total Expenses: $13,787 Ann.
Net Operating Income (NOI): $114,813 Ann. (Pro Forma 9.98 Cap!!!)
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 Ann
Insurance: $2,200 Ann.
Taxes: $5,997 Ann.
Total Expenses: $13,787 Ann.
Net Operating Income (NOI): $114,813 Ann. (Pro Forma 9.98 Cap!!!)
Location
Province NY
County Queens
Interior
Heating Natural Gas
Cooling Wall/Window Unit(s)
Fireplace No
Exterior
Utilities Available Natural Gas Connected
Building
Sewer Public Sewer
Water Public
Structure Type Brick,Frame
Others
Special Listing Condition None
Listed by All Island Estates Realty Corp