Property
| Ownership: | For Sale |
|---|---|
| Type: | mixed-use |
| Bedrooms: | Studio |
Financials
24-20 Jackson Ave Floor 3
Long Island City, NY 11101, USA
Phone: +1 929-442-2208
Listing Courtesy of All Island Estates Realty Corp
Calling All Investors, Developers, amp ; End Users !
- Map
- Map
- View of exterior details
- View of exterior details
- Map
- Map
- View of garage at night
- View of garage at night
- 9
- 10
- 11
- 12
- Birds eye view of property
- Birds eye view of property
- 15
- 16
- Sunroom with lofted ceiling
- Sunroom with lofted ceiling
- Birds eye view of property
- Birds eye view of property
- View of community lobby
- View of community lobby
- Dining room featuring light hardwood / wood-style flooring
- Dining room featuring light hardwood / wood-style flooring
- Bedroom with wood-type flooring and stainless steel refrigerator with ice dispenser
- Bedroom with wood-type flooring and stainless steel refrigerator with ice dispenser
- Bird's eye view
- Bird's eye view
- Bathroom with vanity and toilet
- Bathroom with vanity and toilet
- Bathroom with toilet and sink
- Bathroom with toilet and sink
- Map
- Map
- Bedroom featuring beam ceiling and an inviting chandelier
- Bedroom featuring beam ceiling and an inviting chandelier
- View of basement
- View of basement
- 39
- 40
- Drone / aerial view
- Drone / aerial view
- Basement with washer / clothes dryer
- Basement with washer / clothes dryer
- Laundry room with washer / clothes dryer and gas water heater
- Laundry room with washer / clothes dryer and gas water heater
- Map location
- Map location
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!!!)
Amenities
- Natural Gas Connected
All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. International currency conversions where shown are estimates based on recent exchange rates and are not official asking prices.
All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.
