Description
Prime Investment Opportunity in the Heart of Ozone Park! This solid brick property in a prime location offers dual income potential with both commercial and residential units. Commercial Space: The storefront (including basement) is currently leased to a well-established restaurant that has been operating for over 10 years. The lease is secured until 2028, with a 5-year renewal option, and covers 50% of the property tax, ensuring stable and reliable income. Residential Unit: The spacious second-floor apartment features 4 bedrooms and 4 full bathrooms, equipped with a new water boiler and heating system installed 3 years ago. Investment Return: Offers a 5.3% cap rate. Prime Location: Just minutes' walk to the A-line subway, with supermarkets, restaurants, and transportation options conveniently nearby. Don't miss this rare investment opportunity!
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0BEDS
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0.04ACRES
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4BATHS
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01/2 BATHS
School Ratings & Info
Description
Prime Investment Opportunity in the Heart of Ozone Park! This solid brick property in a prime location offers dual income potential with both commercial and residential units. Commercial Space: The storefront (including basement) is currently leased to a well-established restaurant that has been operating for over 10 years. The lease is secured until 2028, with a 5-year renewal option, and covers 50% of the property tax, ensuring stable and reliable income. Residential Unit: The spacious second-floor apartment features 4 bedrooms and 4 full bathrooms, equipped with a new water boiler and heating system installed 3 years ago. Investment Return: Offers a 5.3% cap rate. Prime Location: Just minutes' walk to the A-line subway, with supermarkets, restaurants, and transportation options conveniently nearby. Don't miss this rare investment opportunity!
© 2025 OneKey MLS. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Nicole Burke, MBA | Charles Rutenberg Realty. Data last updated: 2025-03-18T19:17:42.76.