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 ...


Property

Website:https://www.nestseekers.com/5463282
Address:
New York, NY 11421
Ownership: For Sale
Type: mixed-use
Bedrooms: Studio
Lot Size: 0.0 Acres

Financials

Price:$1,395,000
Annual Taxes:$6,126.84

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

Contact

24-20 Jackson Ave Floor 3 Long Island City, NY 11101, USA
Listing Courtesy of Kingsland Properties