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Eric Hotaling
erichotaling@kw.com$ 5,990,000
Est. payment | /mo
4,416 Sqft Lot
$ 5,990,000
Est. payment | /mo
4,416 Sqft Lot
Key Details
Property Type Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 1035749
Rental Info No
Year Built 1931
Annual Tax Amount $43,437
Lot Size 4,416 Sqft
Acres 0.1014
Property Sub-Type Multi Family
Source onekey2
Property Description
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.
Location
State NY
County Queens
Rooms
Basement Full
Interior
Heating Natural Gas
Cooling Wall/Window Unit(s)
Fireplace No
Exterior
Parking Features None
Utilities Available Electricity Connected, Natural Gas Connected
Building
Story 3
Sewer Public Sewer
Water Public
Structure Type Brick
Schools
High Schools Queens 28
School District Queens 28
Others
Special Listing Condition None
Listed by Landmark International R E LLC • Jordan G. Donner