For Sale
$799,000

97-03 Jamaica AveQueens, NY 11432

Queens investment opportunity: 2-unit building.

Overview

Added:
Dec 11, 2024
Days on market:
117
This mixed-use property at 97-03 Jamaica Avenue, Queens, NY 11432, offers a compelling investment opportunity. Priced at $799,000, this 1,901 square foot building boasts a 100% occupancy rate with two tenants. Constructed in 1925, the two-story structure sits on a ground lease and is zoned R6A, C1-4, allowing for diverse uses. The building comprises a thriving, credit-rated nail salon with a rear extension, providing ample space for business operations. Above the salon, a charming two-bedroom apartment features an eat-in kitchen, a full bathroom, and a bright living room. This unit presents comfortable living potential or additional rental income. The property's prime location at the bustling intersection of Jamaica Avenue and 97th Street ensures high visibility and accessibility. Annual property taxes are $20,185.20. This is a rare chance to acquire a well-established, income-generating mixed-use property in a vibrant Queens neighborhood. The building is owned by WINGTATHONG LLC. Don't miss this chance to secure a strong investment in a high-demand area.

Highlights

  • Mixed-use building at Jamaica Avenue & 97th Street intersection, featuring a residential unit and a profitable nail salon.
  • Nail salon boasts ample space, including a rear extension.
  • Second-floor apartment includes two bedrooms, eat-in kitchen, full bath, and living room; ideal for owner occupancy or rental income.
  • Annual property taxes: $20,185.20.

Property Details for 97-03 Jamaica Ave

Property type
Mixed-use properties, Residential income homes
Square Feet
1,901 SF
Year Built
1925
Buildings
1
Stories
2

Location Insight

City
Queens
County
Queens
State
New York
Latitude
40.7154518
Longitude
-73.7919103
97-03 Jamaica Ave, Queens, New York

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97-03 Jamaica Ave
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