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 ...
| Website: | https://www.nestseekers.com/5463282 |
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| Address: | New York, NY 11421 |
| Ownership: | For Sale |
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| Type: | mixed-use |
| Bedrooms: | Studio |
| Lot Size: | 0.0 Acres |
Financials
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
24-20 Jackson Ave Floor 3
Long Island City, NY 11101, USA Phone: +1 929-442-2208 | |
| Listing Courtesy of Kingsland Properties | |