8618 Atlantic Ave

New York, NY 11416
  • $3,500,000

    Price
  • 9

    Bed
  • 9

    Bath
  • 6,500

    SqFt

About the Listing 5339 - 97879

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.

Listing Highlights for 8618 Atlantic Ave

Status Active
Days on Site 85
Property Type Residential
MLS ® RLS20031260
Year Built 1980
Total Square Footage 6,500
Lot/Acreage 0X0
County Queens
Neighborhood Ozone Park

Interior Details

  • Bedrooms: 9
  • Bathrooms: 9 Full
  • Appliances:
  • Air Cond:
  • Heating:
  • Fireplaces:
  • Floor:
  • Above Ground Sq Ft:
  • Below Ground Sq Ft: n/a
  • Basement:
  • Other: Building Yes,Yes,Pets Allowed
  • Water:

Exterior Details

  • Garage Capacity: N/A
  • Lot Dimensions: 0X0
  • Roof:
  • Others: Good Condition
  • Sewer:

Financial Details

  • Tax Amount: $20,040
  • Taxes w/Assessments: N/A
  • Tax/Property ID: N/A
  • Tax Year: N/A

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8618 Atlantic Ave New York, NY 11416

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Originating MLS: RLS

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