Project Description

Just Sold: Mixed-Use Building in Ozone Park, New York

106-09 Liberty Ave, Ozone Park, NY 11417

Executive Summary:

Price: $925,000
Building Size: 2,280 SF
Property Type: Mixed-use
Lot Size: 0.03 Acres
Year Built: 1910
Cap Rate: 7.03%
NOI: $65,050
Location:
106-09 Liberty Ave
Ozone Park, NY 11417

Investment Highlights

  • Surrounded by Various Neighborhood Retail Amenities & Near Resorts World NYC
  • Close to Major Highways, Buses, & Train Stations
  • Ground Level Storage Space Will be Delivered Vacant at Sale
  • Above Apartments Are Paying Under Market Rents
  • Great ‘Opportunistic’ Investment For Real Estate Investors & Owner-User

About Ozone Park, NY

Ozone Park is a neighborhood located in the southwestern section of the borough of Queens, in New York City, New York, United States. It borders Woodhaven, Richmond Hill, Howard Beach, and City Line, Brooklyn. Different parts of the neighborhood are covered by Queens Community Board 9 and 10. The neighborhood is located in the Sixth congressional district, and is represented by Democrat Gregory Meeks.

South Ozone Park is a neighborhood in Ozone Park, but despite its name, South Ozone Park is mostly in the east of the neighborhood of Ozone Park. It extends from the Aqueduct Racetrack eastward to the Van Wyck Expressway. Its main thoroughfare is Rockaway Boulevard. The neighborhood is part of Queens Community Board 10.

South Ozone Park is home to a more diverse population of about 45,498, with many Indians, Pakistani, Guyanese, Trinidadian, and other ethnicities living in the area, in addition to the area’s longtime Italian-American population; Italian-Americans are most prevalent in the southern and western areas in the neighborhood near the Conduit. There has been a recent surge of development in South Ozone Park that rivals many of the surrounding communities in terms of home value. Rockaway Boulevard is South Ozone Park’s main business strip. There is also a high concentration of small businesses along Liberty Avenue in nearby Richmond Hill.

Contact Broker

Sean Hicks
Sales Associate

sean@aiprops.com
(O) 516.393.2300
(F) 516.390.5780

Ron Koenigsberg - Commercial Real Estate BrokerRon Koenigsberg, CCIM
President
Ron@aiprops.com
(O) 516.393.2300
(F) 516.390.5780

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