New York, NY 11421

Property

Ownership: For Sale
Type: mixed-use
Bedrooms: Studio
Lot Size: 0.0 Acres

Financials

Price:$1,395,000
Annual Taxes:$6,126.84
24-20 Jackson Ave Floor 3 Long Island City, NY 11101, USA
Listing Courtesy of Kingsland Properties

Mixed Use Property 7606 Rockaway Boulevard, Ozone Park Well located mixed use property in Ozone Park featuring a 1st floor commercial unit with a fully finished basement and two 2 ...

Description

Mixed-Use Property – 7606 Rockaway Boulevard, Ozone Park Well-located mixed-use property in Ozone Park featuring a 1st-floor commercial unit with a fully finished basement and two 2-bedroom residential apartments above. The building is fully occupied and income-producing mixed-use property offering stable cash flow, low operating costs, and long-term upside in a high-demand Queens rental market. Commercial Unit: Ground floor with full basement Residential Units: Two (2) 2-bedroom apartments on the second floor Rent Roll (Monthly Income) Commercial Unit: $5,720/month Residential Front (2BR): $2,300/month Residential Back (2BR): $2,800/month Total Monthly Income: $10,820 Annual Gross Income: $129,840 Annual Operating Expenses Taxes: $7,000 Water: $100/month × 12 = $1,200 Insurance: $4,500 Total Expenses: $12,700 Net Operating Income (NOI) Gross Income: $129,840 Less Expenses: $12,700 NOI: $117,140 per year

Amenities

  • Electricity Connected

Long Island MLS

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.