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For Sale

$1,099,999

127 days on market

9430 Albert Road

Ozone Park, NY 11417

· 8% down, 7% APR, 30yr fixed

5

Beds

4

Baths

—

Square feet

2024

Built

Listing narrative

Description

Attention investors, developers, and builders! This rare opportunity offers a fully gutted and professionally framed multi-level (3 story and basement) building ready for the next phase of construction, significantly reducing renovation timelines and upfront demolition costs. The property features a newly framed residential structure with substantial progress already completed, allowing a buyer to focus on mechanicals, finishes, and final design execution. Adding tremendous value, the sale also includes a separate warehouse/building at the rear of the property, creating multiple investment strategies. Whether utilized for storage, workshop space, contractor operations, rental income, or future redevelopment, the warehouse provides exceptional flexibility and income producing potential. A major highlight is the ability to subdivide the property, giving investors the opportunity to create multiple parcels, maximize resale value, develop separate income streams, or pursue phased redevelopment plans (subject to municipal approvals). The possibilities are endless as the potential to add a second multifamily property can be a viable option (removing warehouse) creating multiple avenues for maximizing value and return on investment. As Is sale with Approved Plans.

Listing agent (MLS): Dilon Mohan · Listing brokerage (MLS): Real Broker NY LLC

Property Details

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Price

$1,099,999

Beds

5 bd

Type

Multi-Family

Home Size

Sqft n/a

Baths

4

Lot Size

0.12 acres

Year

2024

Status

For Sale

Days on Market

127

· 8% down, 7% APR, 30yr fixed
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Courtesy of Real Broker NY LLC