Price Reduced! 7 FM Apts + Store-Huge Upside! | 9214-9216 95th Ave
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Price Reduced! 7 FM Apts + Store-Huge Upside! 9214-9216 95th Ave
8 Unit Apartment Building $2,750,000 ($343,750/Unit) Ozone Park, NY 11416
Investment Highlights
- One Block from Major Intersection of Atlantic Avenue and Woodhaven Boulevard - 55,000 AADT
- Surrounded By National Retailers Such As Stop & Shop, CVS, Dunkin’, Pizza Hut, Burger King, GameStop, & More
- Buildings have been renovated, separate boilers, hot water heaters and meters for all tenants
- Commercial Unit and (7) Free Market Residential Units
- All Units are Free Market
Executive Summary
2 buildings being sold as a package. Building 1 is Mixed-Use with 2 Apartments and a Store. Building 2 is a 5 Family Apartment Building. All apartments are free market with no rent stabilization or control. The Package combines for 1 Store and 7 Apartments. Both Buildings have been recently renovated and in Excellent Condition. All tenants have Month to Month Leases with rents significantly below market, leaving the new owner with tremendous immediate upside potential.
Property Facts
| Price | $2,750,000 | Building Class | C |
| Price Per Unit | $343,750 | Lot Size | 0.11 AC |
| Sale Type | Investment | Building Size | 8,750 SF |
| No. Units | 8 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built/Renovated | 1931/2022 |
| Apartment Style | Low Rise |
| Price | $2,750,000 |
| Price Per Unit | $343,750 |
| Sale Type | Investment |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.11 AC |
| Building Size | 8,750 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built/Renovated | 1931/2022 |
Unit Amenities
- Air Conditioning
- Hardwood Floors
- Yard
- Basement
- Deck
Site Amenities
- 24 Hour Access
- Sundeck
- Public Transportation
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 4 | - | 625 |
| 2+2 | 2 | - | 1,250 |
| 3+1 | 2 | - | 1,250 |
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Walk Score ®
Very Walkable (77)
Transit Score ®
Excellent Transit (85)
PROPERTY TAXES
| Parcel Number | 09032-0007 | Improvements Assessment | $56,552 |
| Land Assessment | $42,212 | Total Assessment | $98,764 |
PROPERTY TAXES
Parcel Number
09032-0007
Land Assessment
$42,212
Improvements Assessment
$56,552
Total Assessment
$98,764
zoning
| Zoning Code | R5 / C1-3 (Allows a variety of housing at a higher density) |
| R5 / C1-3 (Allows a variety of housing at a higher density) |
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Power Broker Brian Sarath -
Cushman & Wakefield
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Price Reduced! 7 FM Apts + Store-Huge Upside! | 9214-9216 95th Ave
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