Mixed use residential and commercial building in the heart of Jamaica. Prime Investment Opportunity - Ideal for 1031 Exchange Buyers - Free Market 5-Unit Mixed-Use Property Mixed-use brick building located in the heart of Jamaica, Queens featuring 1 commercial store and 4 residential apartments, offering strong income potential and flexibility… Read More for both investors and end users. The first-floor commercial space is leased to a restaurant tenant at $5,600/month, plus 35% of annual property taxes as additional rent. The commercial space can be delivered with the existing tenant in place for immediate income or vacant at closing for an owner-user. Second Floor: Rear 1-bedroom (1 bath) rented at $2,000/month and front 2-bedroom (1 bath) rented at $2,300/month. Third Floor: 3-bedroom unit (2 baths) rented at $3,000/month. Fourth Floor: 3-bedroom unit (2 baths) rented at $2,600/month. Second- and third-floor residential units can be delivered vacant. The fourth-floor apartment is tenant-occupied. Strong income-producing property with approximately $203,000 in gross annual rent. Constructed with solid brick, the building offers long-term stability and strong fundamentals for both buy-and-hold investors and value-add strategies. Building Dimensions: 25.76 x 65 and Lot: 25.76 x 70.13 , Zoning : C4-4D. Just steps from Jamaica Center. Close to Target, Burlington, H&M, Marshalls, Shake Shack, Chipotle, Starbucks, supermarkets, banks, restaurants, and many other shopping and dining options. Conveniently located near the Jamaica Center–Parsons/Archer Station with access to the E, J, and Z subway lines, the LIRR, AirTrain JFK, and multiple bus routes, providing easy access to Manhattan, Long Island, and JFK Airport. Read Less
Listing Courtesy of Apple Realty Group Corp, 718-888-2965.
Listing Snapshot
Days Online
6
Last Updated
Property Type
Triplex
Square Ft.
6,480
Lot Size
0.04 Acres
Year Built
2003
Property Tax
$48,597
MLS Number
1024527
30 Days Snapshot Of 11432
$422k
-51%
(avg) sold price
3
-57%
homes sold
149
+22%
(avg) days on market
Snapshot
Area Map
Additional Details
Basement
Description: "Finished", "Full"
Building
Building Area: 6480, Construction Materials: Brick, Year Built: 2003
Cooling
Details: Wall/Window Unit(s)
Heating
Heating: "Baseboard", "Other"
Lot
Acres: 0.0415
Utilities
Sewer: Public Sewer, Water Source: Public, Utilities: "Cable Connected", "Electricity Connected", "Natural Gas Connected", "See Remarks", "Trash Collection Public", "Water Connected"
Find The Perfect Home
'VIP' Listing Search
Whenever a listing hits the market that matches your criteria you will be immediately notified.
The data relating to real estate for sale on this website comes courtesy of ONEKEY as distributed by MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Listings last updated on ,
Confirm your time
Fill in your details and we will contact you to confirm a time.