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.
Estimated Payment
$ 5,134.81 per month $4,550.89 Principal & Interest $321.42 Property Tax $262.50 Homeowner's InsuranceListing By
Agency Name: Real Broker NY LLC
Agency Contact: 929-202-6712
Shown By
Agency Title: Coldwell Banker American Homes
Agency Phone: 866-831-4443
9430 Albert Road | MLS# 1013550
This multi-family property located at 9430 Albert Road, Ozone Park, NY 11417 is currently listed for sale with an asking price of $899,999. Albert Road is located within the Queens 27 school district. Search Ozone Park real estate on www.cbamhomes.com today.