125-15 111Th Ave, South Ozone Park, NY 11420
This exceptional mixed-use property at 125-15 111th Avenue, South Ozone Park, NY 11420, is offered at $918,000. The 2,000 square foot building (20x62) presents a compelling investment opportunity. The ground floor encompasses a sizable commercial space, featuring a large open area, a private office, and a bathroom. A full, unfinished basement and backyard provide ample storage or expansion potential. Upstairs, two 2-bedroom residential apartments offer significant rental income potential, though renovations are needed. These apartments present a chance for customization and increased value. Annual property taxes are only $7,156. Conveniently located near the A train, Rockaway Boulevard's shops and businesses, and major roadways like the Van Wyck Expressway and Belt Parkway, this property enjoys excellent accessibility. With strategic renovations, this property promises substantial returns in a vibrant, growing neighborhood. This is a rare opportunity to acquire a mixed-use asset with significant upside.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.