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Key Details
Property Type Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 1052284
Rental Info No
Year Built 1931
Annual Tax Amount $50,698
Property Sub-Type Multi Family
Source onekey2
Property Description
Turnkey mixed-use investment in the heart of Queens Village. Two contiguous two-story brick buildings totaling approximately 6,224 SF on a 0.10-acre lot with 39 feet of frontage on heavily trafficked Jamaica Avenue. Four street-level retail stores plus four apartments. Extensive recent capital work: new roof, brick pointing, new Andersen windows, two new hot water heaters with ten-year warranties, new LED hallway lighting, fully renovated kitchen and bath in the four-bedroom apartment, new kitchens and ceramic flooring, new ceramic entry at 210-25, and freshly painted interior throughout. Virtually no deferred maintenance. All tenants pay their own gas, electric, heat, and water. Current gross income of approximately $281,092 with net operating income of approximately $221,632, projected to approximately $299,712 and $240,252 as leases mature. All commercial space deliverable with ten-year leases. Highly walkable, close to shopping and transit. Ideal for 1031-exchange buyers, owner-users, or investors seeking durable cash flow on one of eastern Queens' most active commercial corridors.
Location
State NY
County Queens
Rooms
Basement Full
Interior
Heating Natural Gas
Cooling Multi Units
Fireplace No
Exterior
Parking Features On Street
Utilities Available Cable Connected, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected
Building
Sewer Public Sewer
Water Public
Structure Type Brick
Schools
High Schools Queens 29
School District Queens 29
Others
Special Listing Condition None
Listed by NYCRB Corp • Shirley A. Abraham
NEARBY SCHOOL & BUSINESS
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