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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 $1,605,308 CAD ($573.32 CAD/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 (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$184,541
|
$65.91
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$184,541
|
$65.91
|
| Taxes |
$7,930
|
$2.83
|
| Operating Expenses |
$3,420
|
$1.22
|
| Total Expenses |
$11,350
|
$4.05
|
| Net Operating Income |
$173,190
|
$61.85
|
FINANCIAL SUMMARY (ACTUAL - 2021)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $184,541 |
| Annual Per SF | $65.91 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $184,541 |
| Annual Per SF | $65.91 |
| Taxes (CAD) | |
|---|---|
| Annual | $7,930 |
| Annual Per SF | $2.83 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $3,420 |
| Annual Per SF | $1.22 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $11,350 |
| Annual Per SF | $4.05 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $173,190 |
| Annual Per SF | $61.85 |
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
$1,605,308 CAD
Price Per SF
$573.32 CAD
Cap Rate
10.79%
NOI
$173,190 CAD
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 | $46,093 CAD (2025) |
| Land Assessment | $11,857 CAD (2025) | Annual Taxes | $7,930 CAD ($2.83 CAD/SF) |
| Improvements Assessment | $34,236 CAD (2025) | Tax Year | 2021 |
PROPERTY TAXES
Parcel Number
11862-0031
Land Assessment
$11,857 CAD (2025)
Improvements Assessment
$34,236 CAD (2025)
Total Assessment
$46,093 CAD (2025)
Annual Taxes
$7,930 CAD ($2.83 CAD/SF)
Tax Year
2021
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128-02 135th Ave., Ozone Park, NY | 12802 135th Ave
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