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91-08 Sutter Ave 2,520 SF Retail Building Ozone Park, NY 11417 $1,150,000 ($456.35/SF) 9.98% Cap Rate
Investment Highlights
- Calling All Investors, Developers, & End-Users!!! Free Market Mixed-Use Building With Private Gated Parking In Ozone Park For Sale!!!
- The Property Is Located In The Heart Of Ozone Park 2 Blocks From Cross Bay Blvd. & Minutes From JFK Airport!!!
- The Property Has 19' Of Frontage On Sutter Avenue & 24' Of Frontage On Chicot Road!!!
- The Property Features Excellent Signage, Great Exposure. 2 Lots, Smart Meters, Courtyard, 4 Br. Free Market Apartment With Terrace, R4-1 Zoning, ++!!
- The Building Was Renovated In 2020 & 2022!!!
- This Property Offers HUGE Upside Potential!!!
Executive Summary
Calling All Investors, Developers, & End-Users!!! Free Market Mixed-Use Building With Private Gated Parking In Ozone Park For Sale!!! The Property Features Excellent Signage, Great Exposure, 2 Lots, Smart Meters, Courtyard, 4 Br. Free Market Apartment with Terrace, Strong R4-1 Zoning, High 9’ Ceilings, CCTY/Security System, Basement, 2 Fireplaces, Outdoor Terrace, Low Property Taxes, 6 Parking Spaces In A Private Gated Lot, Separate Meters, All New LED Lighting, CAC, +++!!! The Property Is Located In The Heart Of Ozone Park 2 Blocks From Cross Bay Blvd. & Minutes From JFK Airport!!! The Building Was Renovated In 2020 & 2022!!! The Property Has 19’ Of Frontage On Sutter Avenue & 24’ Of Frontage On Chicot Road!!! Neighbors Include Starbucks, UPS, Nissan, The Home Depot, Stop & Shop, LA Fitness, Safeguard Self Storage, Marshalls, Raymour & Flanigan, Karako Suits, Mattress Firm, Dollar Tree, IHOP, +++!!! This Property Offers HUGE Upside Potential!!! This Could Be Your Next Development Site / The Next Home For Your Business!!!
Income:
Regency Grand Ballroom: $60,000 Ann. M-M.
2nd Floor Apt. (4 Br., 1.5 Bath, 1720 SF): $42,000 Ann.; M-M.
LL: $18,000 Ann. (Available)
Parking: $8,600 Ann.
Pro Forma Gross Income: $128,600 Ann.
Expenses:
Gas: $2,400 Ann.
Electric: $2,100 Ann. (1st Floor & Basement Only)
Maintenance & Repairs: $250 Ann.
Water & Sewer: $840 Ann
Insurance: $2,200 Ann.
Taxes: $5,997 Ann.
Total Expenses: $13,787 Ann.
Net Operating Income (NOI): $114,813 Ann. (Pro Forma 9.98 Cap!!!)
Income:
Regency Grand Ballroom: $60,000 Ann. M-M.
2nd Floor Apt. (4 Br., 1.5 Bath, 1720 SF): $42,000 Ann.; M-M.
LL: $18,000 Ann. (Available)
Parking: $8,600 Ann.
Pro Forma Gross Income: $128,600 Ann.
Expenses:
Gas: $2,400 Ann.
Electric: $2,100 Ann. (1st Floor & Basement Only)
Maintenance & Repairs: $250 Ann.
Water & Sewer: $840 Ann
Insurance: $2,200 Ann.
Taxes: $5,997 Ann.
Total Expenses: $13,787 Ann.
Net Operating Income (NOI): $114,813 Ann. (Pro Forma 9.98 Cap!!!)
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$128,600
|
$51.03
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$128,600
|
$51.03
|
| Taxes |
$5,997
|
$2.38
|
| Operating Expenses |
$7,790
|
$3.09
|
| Total Expenses |
$13,787
|
$5.47
|
| Net Operating Income |
$114,813
|
$45.56
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $128,600 |
| Annual Per SF | $51.03 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $128,600 |
| Annual Per SF | $51.03 |
| Taxes | |
|---|---|
| Annual | $5,997 |
| Annual Per SF | $2.38 |
| Operating Expenses | |
|---|---|
| Annual | $7,790 |
| Annual Per SF | $3.09 |
| Total Expenses | |
|---|---|
| Annual | $13,787 |
| Annual Per SF | $5.47 |
| Net Operating Income | |
|---|---|
| Annual | $114,813 |
| Annual Per SF | $45.56 |
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
2,520 SF
Building Class
B
Year Built/Renovated
1910/2022
Price
$1,150,000
Price Per SF
$456.35
Cap Rate
9.98%
NOI
$114,813
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.43
Lot Size
0.04 AC
Zoning
R4-1
Parking
6 Spaces (2.38 Spaces per 1,000 SF Leased)
Frontage
Amenities
- 24 Hour Access
- Courtyard
- Fenced Lot
- Security System
- Signage
- Tenant Controlled HVAC
- Storage Space
- Air Conditioning
- Balcony
Walk Score®
Walker's Paradise (91)
Transit Score®
Excellent Transit (84)
Nearby Major Retailers
Property Taxes
| Parcel Number | 11354-0004 | Total Assessment | $31,451 |
| Land Assessment | $8,270 | Annual Taxes | $5,997 ($2.38/SF) |
| Improvements Assessment | $23,181 | Tax Year | 2025 |
Property Taxes
Parcel Number
11354-0004
Land Assessment
$8,270
Improvements Assessment
$23,181
Total Assessment
$31,451
Annual Taxes
$5,997 ($2.38/SF)
Tax Year
2025
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91-08 Sutter Ave
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