85-05 Jamaica Ave Queens, NY 11421
Prime Queens location, high ROI potential.
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 138
Highlights
- Mixed-use property at 85-05 Jamaica Avenue, Queens, NY.
- 3,100 square foot net rentable area on a 2,035 square foot lot.
- Ground floor retail space (currently a grocery store) with high visibility and foot traffic on Jamaica Avenue.
- Two residential units above retail, providing additional income.
- R6A zoning allows for potential future development.
- Current NOI: $94,836, 6.00% cap rate; Pro forma: 7.50% cap rate.
Property Details for 85-05 Jamaica Ave
- Property type
- Retail properties, Mixed-use properties
- Class
- C
- Year Built
- 1931
- Buildings
- 1
- Stories
- 2
- Units
- 2
Location Insight
- City
- Queens
- County
- Queens
- State
- New York
- Latitude
- 40.6926874
- Longitude
- -73.8588484
Nearby Similar for Sale
FAQs
- What type of property is this?
- Retail property - Prime Queens location, high ROI potential.
- Where is the retail property located?
- The property is located at 85-05 Jamaica Ave Queens, NY.
- What is the asking price?
- The asking price for this property is $1,580,000.
- What are key features of this property?
- This property features: Mixed-use property at 85-05 Jamaica Avenue, Queens, NY.; 3,100 square foot net rentable area on a 2,035 square foot lot.; Ground floor retail space (currently a grocery store) with high visibility and foot traffic on Jamaica Avenue.
- How can I contact the broker?
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