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85-34 Rockaway Blvd

Ozone Park, NY 11416

$3,200,000

Storefront For Sale  •  4,796 Sq Ft

Property Details

  • Property Type Storefront
  • Total Building Size 4,796 Sq Ft
  • Lot Size 0.19 ac
  • Building Class B
  • Year Built 2006
  • Cap Rate 4.95 %
  • Tenancy Multiple
  • Zoning R6B/C2-3
85 Transit Score
91 Walk Score

Description

Nest Seekers International has been retained on an exclusive basis to arrange for the sale of 85-34 Rockaway Boulevard. Consisting of 4 commercial units and 7 parking spots, this property sits on a 8297 sqft lot. Each commercial unit comes with a high-ceiling basement and separate water, gas and electric meters. In excellent condition / vanilla box ready, stores just need tenants subtle touches to customize for their business.
This is a rare investment opportunity in up-and-coming Ozone Park, recently considered one of the most diverse neighborhoods in New York. After receiving a $41.5 million fund from the city* (see article below ) in 2016, real estate value in Ozone Park grew over 15% in just one year, according to The Department of Finance’s Rolling Sales Data. The neighborhood has continued to attract many new businesses, including Resort World Casino with $400M business expansion plan in 2017 (just 10 minutes away from 85-34 Rockaway Blvd)
With the A train on 88 St-Boyd Av Station, it is just a convenient train ride into the rest of Queens, Brooklyn, Manhattan, as well as JFK Airport
Please contact for more details.
http://qns.com/story/2016/07/27/city-is-investing-millions-in-ozone-park-infrastructure-upgrades/ *

Property Flyers

Financial Summary (Proforma)

Net Operating Income: $158,257 (2018)
Cap Rate: 4.95 %
Total Expenses: $27,743

Amenities

  • Storage Space

Public Transportation

Commuter RailDriveWalkDistance
Kew Gardens Station Commuter Rail (Long Beach Branch, Port Jefferson Branch, Hempstead Branch, Babylon Branch) 8 min - 3.1 mi
Forest Hills Station Commuter Rail (Long Beach Branch, Port Jefferson Branch, Hempstead Branch, Babylon Branch) 10 min - 3.4 mi
Transit/SubwayDriveWalkDistance
88 Street Transit Stop (A) 2 min 7 min 0.3 mi
80 Street Transit Stop (A) 3 min 10 min 0.5 mi
Rockaway Boulevard Transit Stop (A) 2 min 12 min 0.6 mi
85 Street-Forest Parkway Transit Stop (J) 3 min 16 min 0.8 mi
Grant Avenue Transit Stop (A) 4 min 18 min 0.9 mi
AirportDriveWalkDistance
John F. Kennedy International Airport 10 min - 6.4 mi
La Guardia Airport 15 min - 9.5 mi
Newark Liberty International Airport 44 min - 21.5 mi

Parking Details

Parking Available: No
Reserved: No
Type: CoveredTandem
Included in Rent: Yes
Xiao Rui Lin 212-252-8772 Nest Seekers International
Xiao Rui Lin 212-252-8772 Nest Seekers International