13821 Jamaica Ave
queens, NY 11435$5,990,000
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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.
Details
6,580 Sq Ft
4,675 Sq Ft Lot Size
commercial
$3,620 Monthly Tax
Built in 1931
MLS/Listing ID 1035749
12 Units
Amenities & Features
Construction - Brick
Public Water
Public Sewer
Heating - Natural Gas
Cooling - Wall/window unit(s)
Estimate my mortgage
TOTAL MONTHLY COST
$0
- PRINCIPAL & INTEREST
$0
- PROPERTY TAXES
$0
- Common Charges
$0
HOME PRICE
DOWN PAYMENT
TERM
INTEREST
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