For Sale
$1,400,000

211-75 Jamaica Ave Queens, NY 11428

Queens Retail Property: High Income Potential

Overview

Added:
Dec 11, 2024
Days on market:
127
This exceptional retail investment opportunity presents a fully renovated 1,995 square foot property situated on a 0.05-acre lot at 211-75 Jamaica Avenue in Queens, New York, zip code 11428. The property boasts a prime location within a high-traffic area, offering convenient access to various forms of transportation, shopping, and numerous amenities. The building's current income stream is substantial, generating significant returns for the owner. Currently, the ground floor retail space commands a monthly rent of $3,675. Additionally, the second floor features two separate 2-bedroom apartments, each generating a monthly rental income of $2,696. This translates to a combined monthly rental income of $9,067, offering a strong and stable cash flow for the investor. The asking price for this lucrative investment is $1,400,000. This fully renovated property presents a rare opportunity to acquire a high-performing retail investment in a desirable Queens location. The property's strong rental income, prime location, and recent renovations make it an attractive proposition for discerning investors seeking a stable and profitable addition to their portfolio. Don't miss this chance to secure a piece of Queens' thriving commercial real estate market.

Highlights

  • Fully renovated 1,995 sq ft retail property on a 0.05-acre lot at 211-75 Jamaica Avenue, Queens, NY 11428.
  • Prime location in high-traffic area with excellent transportation access and amenities.
  • Strong current income: $3,675/month ground floor retail rent plus two 2-bedroom apartments at $2,696/month each ($9,067 total monthly income).
  • Asking price: $1,400,000.

Property Details for 211-75 Jamaica Ave

Property type
Retail properties
Square Feet
1,995 SF
Lot Size (sq. ft)
2,178 SF

Location Insight

City
Queens
County
Queens
State
New York
Latitude
40.7159132
Longitude
-73.746921
211-75 Jamaica Ave, Queens, New York

FAQs

What type of property is this?
Retail property - Queens Retail Property: High Income Potential
Where is the retail property located?
The property is located at 211-75 Jamaica Ave Queens, NY.
What is the asking price?
The asking price for this property is $1,400,000.
What are key features of this property?
This property features: Fully renovated 1,995 sq ft retail property on a 0.05-acre lot at 211-75 Jamaica Avenue, Queens, NY 11428.; Prime location in high-traffic area with excellent transportation access and amenities.; Strong current income: $3,675/month ground floor retail rent plus two 2-bedroom apartments at $2,696/month each ($9,067 total monthly income).
How can I contact the broker?
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211-75 Jamaica Ave
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