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128-02 135th Ave., Ozone Park, NY 12802 135th Ave 2,800 SF Vacant Retail Building South Ozone Park, NY 11420 $1,150,000 ($410.71/SF) 10.79% Cap Rate
INVESTMENT HIGHLIGHTS
- Calling All Investors, Developers & End-Users!!! MINT 10.79 Cap 3 Unit Corner Mixed-Use Building For Sale!!!
- The Property Was Renovated In 2021-2022!!! The Property Is Located In The Heart Of Ozone Park On The Corner Of Busy 135th Avenue & 128th Street!!!
- The Property Is Located Right Off The Belt Parkway! The Property Is Currently Home To A Successful Deli!!!
- The Property Features Excellent Signage, Great Exposure, High Ceilings, 2 Car Garage, Private Parking, High Ceilings, LED Lighting, +++!!!
- Neighbors Include Resorts World Casino, Aqueduct Racetrack, JFK Airport, Hilton, DSNY, BP, Speedway, +++!!!
- The 4 Br Apartment Was Completely Renovated In 2022!!! Net Operating Income (NOI): $124,069 (Proforma 10.79 Cap!!!)
EXECUTIVE SUMMARY
Calling All Investors, Developers & End-Users!!! MINT 10.79 Cap 3 Unit Mixed-Use Building For Sale!!! Renovated In 2021 The Property Features Excellent Signage, Great Exposure, High Ceilings, 2 Car Garage, Private Parking, High Ceilings, LED Lighting, +++!!! The Property Is Located In The Heart Of Ozone Park On The Corner Of Busy 135th Avenue & 128th Street!!! Neighbors Include Resorts World Casino, Aqueduct Racetrack, JFK Airport, Hilton, DSNY, BP, Speedway, +++!!! The Property Is Located Right Off The Belt Parkway! The Property Is Currently Home To A Successful Deli!!! The 4 Br Apartment Was Completely Renovated In 2022!!!
Income:
Deli: $68,000 (5 Year Lease + (3) 5 Year Options; 3% Ann. Inc.)
4 Br Apartment: $46,200 Ann. M-M
2 Car Garage: $18,000 Ann.
Gross Income: $132,200 Ann.
Expenses:
Gas: $0
Electric: $0
Water: $0
Maintenance & Repairs: $250
Insurance: $2,200
Taxes: $5,681
Total Expenses: $8,131
Net Operating Income (NOI): $124,069 (Proforma 10.79 Cap!!!)
Income:
Deli: $68,000 (5 Year Lease + (3) 5 Year Options; 3% Ann. Inc.)
4 Br Apartment: $46,200 Ann. M-M
2 Car Garage: $18,000 Ann.
Gross Income: $132,200 Ann.
Expenses:
Gas: $0
Electric: $0
Water: $0
Maintenance & Repairs: $250
Insurance: $2,200
Taxes: $5,681
Total Expenses: $8,131
Net Operating Income (NOI): $124,069 (Proforma 10.79 Cap!!!)
FINANCIAL SUMMARY (ACTUAL - 2021) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$132,200
|
$47.21
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$132,200
|
$47.21
|
| Taxes |
$5,681
|
$2.03
|
| Operating Expenses |
$2,450
|
$0.88
|
| Total Expenses |
$8,131
|
$2.90
|
| Net Operating Income |
$124,069
|
$44.31
|
FINANCIAL SUMMARY (ACTUAL - 2021)
| Gross Rental Income | |
|---|---|
| Annual | $132,200 |
| Annual Per SF | $47.21 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $132,200 |
| Annual Per SF | $47.21 |
| Taxes | |
|---|---|
| Annual | $5,681 |
| Annual Per SF | $2.03 |
| Operating Expenses | |
|---|---|
| Annual | $2,450 |
| Annual Per SF | $0.88 |
| Total Expenses | |
|---|---|
| Annual | $8,131 |
| Annual Per SF | $2.90 |
| Net Operating Income | |
|---|---|
| Annual | $124,069 |
| Annual Per SF | $44.31 |
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
2,800 SF
Building Class
C
Year Built/Renovated
1931/2022
Price
$1,150,000
Price Per SF
$410.71
Cap Rate
10.79%
NOI
$124,069
Percent Leased
Vacant
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.27
Lot Size
0.05 AC
Zoning
R3-2
Parking
6 Spaces (2.14 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- 24 Hour Access
- Bus Line
- Commuter Rail
- Corner Lot
- Fenced Lot
- Restaurant
- Security System
- Signage
- Skylights
- Storage Space
- Air Conditioning
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 11862-0031 | Total Assessment | $32,832 (2025) |
| Land Assessment | $8,446 (2025) | Annual Taxes | $5,681 ($2.03/SF) |
| Improvements Assessment | $24,386 (2025) | Tax Year | 2021 |
PROPERTY TAXES
Parcel Number
11862-0031
Land Assessment
$8,446 (2025)
Improvements Assessment
$24,386 (2025)
Total Assessment
$32,832 (2025)
Annual Taxes
$5,681 ($2.03/SF)
Tax Year
2021
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128-02 135th Ave., Ozone Park, NY | 12802 135th Ave
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