Prime Investment Opportunity in the Heart of Ozone Park!
This solid brick property in a prime location offers dual income potential with both commercial and residential units.
• Commercial Space: The storefront (including basement) is currently leased to a well-established restaurant that has been operating for over 10 years. The lease is secured until 2028, with a 5-year renewal option, and covers 50% of the property tax, ensuring stable and reliable income.
• Residential Unit: The spacious second-floor apartment features 4 bedrooms and 4 full bathrooms, equipped with a new water boiler and heating system installed 3 years ago.
• Investment Return: Offers a 5.3% cap rate.
• Prime Location: Just minutes’ walk to the A-line subway, with supermarkets, restaurants, and transportation options conveniently nearby.
Don’t miss this rare investment opportunity!
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Listing Snapshot
Price
$1,198,000
Days On Site
178 Days
Bedrooms
N/A
Inside Area (SqFt)
3,040 sqft
Total Baths
4
Full Baths
4
Partial Baths
N/A
Lot Size
0.0361 Acres
Year Built
1929
MLS® Number
827865
Status
Active
Property Tax
$15,565
HOA/Condo/Coop Fees
N/A
Sq Ft Source
N/A
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Recent Activity
3 months ago
Price changed to $1,198,000
3 months ago
Listing updated with changes from the MLS®
6 months ago
Status changed to Active
6 months ago
Listing first seen on site
General Features
Acres
0.0361
Property Sub Type
Duplex
Sewer
Public Sewer
SqFt Total
3040
Utilities
Natural Gas AvailableWater Available
Water Source
Public
Interior Features
Basement
FinishedFull
Heating
Other
Interior
Other
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Exterior Features
Construction Details
Brick
Listing courtesy of Jamie Realty Group winnycrealty@gmail.com
Based on information submitted to the MLS GRID as of 2025-08-20 11:08 PM EDT.
All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied
Open House Information is subject to change without notice. All information should be independently reviewed
and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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