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$929,000
Est. payment /mo
3,000 SqFt
UPDATED:
Key Details
Property Type Other Rentals
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Square Footage 3,000 sqft
Price per Sqft $309
MLS Listing ID 497048
Year Built 1925
Annual Tax Amount $7,479
Lot Dimensions 20X95
Property Sub-Type Mixed Use
Property Description
Investor's Dream in Prime Location – 120-03 Rockaway Blvd
Attention investors! This mixed-use brick building offers outstanding income potential in a high-traffic section of Rockaway Blvd. The property measures 20'x75' on a 20'x85' lot and includes two residential apartments above a spacious commercial unit.
The second floor features two updated two-bedroom apartments, each with a living room, kitchen, and full bath. A central corridor allows for extra windows and natural sunlight throughout. Kitchens and bathrooms have been modernized in recent years, making the units move-in ready and attractive to tenants.
The first floor offers approximately 1,500 sq. ft. of prime commercial space with excellent visibility, ideal for retail or office use. The space can be delivered vacant at closing, allowing for market-rate rent or owner occupancy.
The property also includes a full, high basement—perfect for storage or additional usable space. Expenses are minimal, as each tenant pays their own heat, hot water, cooking gas, and electric. The landlord is responsible only for taxes, insurance, and water/sewer.
With full possession possible, this building presents a tremendous opportunity to reposition for maximum rental income and long-term appreciation. Located on busy Rockaway Blvd with excellent exposure and accessibility, this is a smart investment for those seeking strong returns and steady cash flow.
Attention investors! This mixed-use brick building offers outstanding income potential in a high-traffic section of Rockaway Blvd. The property measures 20'x75' on a 20'x85' lot and includes two residential apartments above a spacious commercial unit.
The second floor features two updated two-bedroom apartments, each with a living room, kitchen, and full bath. A central corridor allows for extra windows and natural sunlight throughout. Kitchens and bathrooms have been modernized in recent years, making the units move-in ready and attractive to tenants.
The first floor offers approximately 1,500 sq. ft. of prime commercial space with excellent visibility, ideal for retail or office use. The space can be delivered vacant at closing, allowing for market-rate rent or owner occupancy.
The property also includes a full, high basement—perfect for storage or additional usable space. Expenses are minimal, as each tenant pays their own heat, hot water, cooking gas, and electric. The landlord is responsible only for taxes, insurance, and water/sewer.
With full possession possible, this building presents a tremendous opportunity to reposition for maximum rental income and long-term appreciation. Located on busy Rockaway Blvd with excellent exposure and accessibility, this is a smart investment for those seeking strong returns and steady cash flow.
Location
State NY
County Queens
Area South Ozone Park
Zoning R3-2
Rooms
Basement Full, Unfinished
Interior
Interior Features None
Hot Water Gas
Heating Gas
Flooring Carpeting, Linoleum
Heat Source Gas
Exterior
Exterior Feature Brick
Roof Type Flat
Handicap Access Yes
Building
Story 2
Foundation Block
Others
Energy Description Gas
Financing 1031 Exchange,Bank Mortgage,Cash
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Listed by Re/Max Central
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