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    OFF-MARKET
    Mixed-use properties

    125-15 111Th Ave, South Ozone Park, NY 11420

    2,000 SF
    Property ID
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Mixed-use properties
    Total area 2,000 SF
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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