92-16 95th Ave Mixed Use Sale
Excellent 2 Fam Mixed Used: 92-16 95th Ave, Ozone Park, NY, 11416
Marketing description
For Sale: 92-16 95th Ave, Ozone Park, NY, 11416
Description: Corner 2 Family Free Market Rents mixed use building featuring a 2,500 SF corner Store and Two 1,000 Sq.Ft renovated apartments.
RE. Tax: $8,579
Property Video: https://www.youtube.com/watch?v=RBtptm00DHc
Tenants pay electric, gas and hot water (3 boilers and 3 water tanks)
LAYOUT:
*1st Floor: 2,500 SF corner store used by a contractor. $3,200. NL
*2nd Floor: Vacant Renovated 1,000 Sq.Ft 5 room apartment
*3rd Floor: 1,000 Sq.Ft 5 room apartment. NL. Market value:
*Basement: 1,100 SF Basement is used as storage
Current Gross Income: $107,400
Expenses: (RE Tax, Water/Sewer, Insurance, Electric) = $, 18,579
Net Operating Income: $ 88,821 (6.3 Cap)
Projected Income at Market: $144,000 per year
Annual Expenses: (RE Tax, Water/Sewer, Insurance, Electric) = $, 18,579
Projected Net Operating Income: $125,421 (8.95 Cap)
Price: $1.4 Million (6.3 Cap at current rent)
(8.95 Cap at projected rents)
For More information contact REMAX TEAM
1) Victor Weinberger 917-806-7040 (email VWremax@gmail.com)
2) Nick Psomopoulos 917-882-3230 (E-mail: Npsomopoulos@yahoo.com)
Investment highlights
Excellent Investment Return
Recently Renovated
Near Subway
User and/or Investor Opportunity
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