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    135-26 Desarc Rd Ozone Park, NY 11417

    Sponsored
    For Sale
    $7,799,000

    Net Lease Retail Investment, High ROI

    Property size:
    16,750 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This Ozone Park, Queens shopping center presents a compelling redevelopment opportunity. The 16,750 square foot, two-story property, situated on a 16,750 square foot lot, currently boasts six units totaling 14,730 net rentable square feet, with 80% occupancy since October 1, 2021. A five-year net lease, expiring October 1, 2026, offers a remaining term of 1.9 years. The current NOI is $475,000, with a pro-forma NOI of $827,000 reflecting significant upside potential. The asking price is $7,799,000, representing a 6.09% cap rate and a price per square foot of $435.82. A significant advantage is the inclusion of 18,760 square feet of unused residential air rights, offering substantial expansion possibilities. The property is zoned R5D, C2-3, and the land value is $475 per square foot. This investment is structured as a 1031 exchange eligible sale. The current rent roll shows a mix of tenants, with one vacant unit presenting an immediate opportunity to increase revenue. This property offers a strong foundation for significant future growth and income generation.

    Property Features for 135-26 Desarc Rd

    General Information

    Property type
    Lifestyle centers
    Square Feet
    16,750 SF

    Building Details

    Stories
    2
    Units
    6
    Property Profile Location Intelligence

    Current Use by Public Records

    Lead Fire Marketing Agency

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Ozone Park
    County
    Queens
    State
    New York
    Longitude
    -73.8438426
    Latitude
    40.6729182

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    FAQs

    What type of property is this?
    Lifestyle center - Net Lease Retail Investment, High ROI
    Where is this lifestyle center located?
    The property is located at 135-26 Desarc Rd Ozone Park, NY.
    What is the asking price?
    The asking price for this property is $7,799,000.
    Request Owner's contact information
    135-26 Desarc Rd Ozone Park, NY 11417
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    Ozone Park, NY 11417
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    135-26 Desarc Rd Ozone Park, NY 11417
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