Loading map…
Jamaica, Queens, NY 11435
Property Type
Multi Family
Central AC
No
Year Built
1931
RE Tax
$43,437 (Monthly)
Listing courtesy of Jordan G. Donner of Landmark International R E LLC.
Rare opportunity to purchase a fully occupied investment property with development potential located in the Downtown Jamaica special zoning district. The subject includes two lots with an approximate size of 4675 sq. ft. zoned R7X,C2-4. Five commercial plus seven residential, free market tenants make up this cash flowing asset with an NOI of 350K and an in place 5.84% cap rate. A corner property with tremendous visibility at the intersection of Queens Blvd. and Jamaica Ave. make this an incredible cash flow or development opportunity. Detailed income and expenses available upon request.
0.1014 Acres
0
Queens
Jamaica
Multi Family
$43,437 (Monthly)
1931
Brick
12
3
1931
Jamaica
Queens
No Garage, None
$43,437 (Monthly)
Full
Yes - Wall/Window Unit(s)
Yes
Yes - Natural Gas
0
Public
Total$74,837.02/Month
*The values provided are approximate. For more precise information, please contact a BHS agent who can offer further assistance.
| Address | Size | Sold For |
|---|---|---|
| 175-45 88th Avenue #6M #6MJamaica | 1 BR / 1 BA | $247,500 |
Closed sales recorded by Brown Harris Stevens agents.
Jamaica, located in central Queens, is a major commercial and transportation hub with a rich cultural and historic heritage.
The data relating to real estate for sale on this website comes in part from the Internet Data exchange of OneKey MLS. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed.