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Listing Courtesy of Bond New York Properties LLC
$ 3,500,000
Est. payment /mo
New
8618 Atlantic Avenue Queens, NY 11416
9 Beds
9 Baths
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Subdivision Ozone Park
MLS Listing ID RLS20031260
Bedrooms 9
Full Baths 9
HOA Y/N Yes
Year Built 1980
Annual Tax Amount $20,040
Property Sub-Type Mixed Use
Property Description
FOR SALE 4-Building Package Deal
8612, 8614, 8616 and 8618 Atlantic Avenue, Ozone Park, Queens
Approximately 10,000 SF Lot
Mixed-Use + Development Opportunity
An exceptional opportunity to acquire four contiguous mixed-use properties8612, 8614, 8616, and 8618 Atlantic Avenueoffered as a package in the heart of bustling Ozone Park. With a combined lot size of approximately 10,000 square feet (100 ft x 100 ft), this assemblage offers significant as-is cash flow with an available opportunity for value-add plus tremendous redevelopment potential under favorable R5 zoning with a C1-3/C2-3 commercial overlay.
Developers and investors alike can take advantage of a prime corner-to-midblock footprint on a heavily trafficked stretch of Atlantic Avenue, near major transit, JFK Airport, and vibrant neighborhood amenities.
Development Potential (Combined Site):
Lot Size: ~10,000 SF (four lots)
Zoning: R5 + C1-3/C2-3 overlay
Buildable SF (BSF): ~12,500 SF total
Mixed of commercial and residential
Estimated Max Stories: 4 total (1 retail + 3 residential)
Proposed Unit Count: Up to 17 residential units
Ideal Project: Mixed-use with ground floor retail and upper-floor rental or condo units
Existing Property Breakdown (As-Is):
86-12 Atlantic Avenue
3 Free Market Residential Units
86-14 Atlantic Avenue
1 Commercial Storefront
1 Free Market Residential Units
86-16 Atlantic Avenue
2 Free Market Residential Units
86-18 Atlantic Avenue
Ground Floor:
1 Commercial Storefront
Large Commercial Parking Lot
Two Private Garages
Upper Floor:
1 Free Market Residential Unit
Location Highlights:
Major exposure along Atlantic Avenue corridor
Nearby access to A train, buses, Cross Bay Blvd, and JFK
Strong area rental demand and continued growth
Ideal for 1031 exchange, long-term hold, or ground-up redevelopment
Whether youre looking to generate steady cash flow , develop a multi- mixed-use project, or unlock long-term upside, this portfolio delivers on every front. Dont miss the chance to control a full development lot with proven value and clear zoning advantages.
Inquire today for full setup sheets and additional information.
* All information should be independently reviewed and verified for accuracy*
BOND New York Properties is a licensed real estate broker that proudly supports equal housing opportunity.
8612, 8614, 8616 and 8618 Atlantic Avenue, Ozone Park, Queens
Approximately 10,000 SF Lot
Mixed-Use + Development Opportunity
An exceptional opportunity to acquire four contiguous mixed-use properties8612, 8614, 8616, and 8618 Atlantic Avenueoffered as a package in the heart of bustling Ozone Park. With a combined lot size of approximately 10,000 square feet (100 ft x 100 ft), this assemblage offers significant as-is cash flow with an available opportunity for value-add plus tremendous redevelopment potential under favorable R5 zoning with a C1-3/C2-3 commercial overlay.
Developers and investors alike can take advantage of a prime corner-to-midblock footprint on a heavily trafficked stretch of Atlantic Avenue, near major transit, JFK Airport, and vibrant neighborhood amenities.
Development Potential (Combined Site):
Lot Size: ~10,000 SF (four lots)
Zoning: R5 + C1-3/C2-3 overlay
Buildable SF (BSF): ~12,500 SF total
Mixed of commercial and residential
Estimated Max Stories: 4 total (1 retail + 3 residential)
Proposed Unit Count: Up to 17 residential units
Ideal Project: Mixed-use with ground floor retail and upper-floor rental or condo units
Existing Property Breakdown (As-Is):
86-12 Atlantic Avenue
3 Free Market Residential Units
86-14 Atlantic Avenue
1 Commercial Storefront
1 Free Market Residential Units
86-16 Atlantic Avenue
2 Free Market Residential Units
86-18 Atlantic Avenue
Ground Floor:
1 Commercial Storefront
Large Commercial Parking Lot
Two Private Garages
Upper Floor:
1 Free Market Residential Unit
Location Highlights:
Major exposure along Atlantic Avenue corridor
Nearby access to A train, buses, Cross Bay Blvd, and JFK
Strong area rental demand and continued growth
Ideal for 1031 exchange, long-term hold, or ground-up redevelopment
Whether youre looking to generate steady cash flow , develop a multi- mixed-use project, or unlock long-term upside, this portfolio delivers on every front. Dont miss the chance to control a full development lot with proven value and clear zoning advantages.
Inquire today for full setup sheets and additional information.
* All information should be independently reviewed and verified for accuracy*
BOND New York Properties is a licensed real estate broker that proudly supports equal housing opportunity.
Location
State NY
County Queens
Interior
Heating None
Cooling None
Furnishings Unfurnished
Fireplace No
Laundry Building None, None
Exterior
View Y/N No
Private Pool No
Building
Dwelling Type Mixed Use
New Construction No
Others
Pets Allowed Pets Allowed
Ownership None
Monthly Total Fees $1, 670
Pets Allowed Building Yes, Yes
RLS Data display by Elegran Real Estate
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