17218 Jamaica AveJamaica, NY 11432

Property Details for 17218 Jamaica Ave

Year built

2016

Lot size

0.18 AC

Property size (Sq ft)

20,252 SF

Zone code

R6A

Property type

Retail space

APN

10213-1012

APU

102131012

Description

This exceptional seven-story multi-family building located at 17218 Jamaica Avenue in Jamaica, NY, presents a lucrative investment opportunity. The property boasts a total of 16 units, all currently rented, ensuring immediate cash flow. Built in 2016, the building features a mix of modern one-bedroom, one-bathroom and two-bedroom, two-bathroom condos, each designed with contemporary elegance. Residents enjoy in-suite primary bedrooms, stylish kitchens equipped with stainless steel appliances and dishwashers, and private balconies. The building also offers eight parking spaces, a valuable amenity in this location. Security is enhanced by an intercom camera system. The property's prime location provides easy access to public transportation, including trains, major highways, shopping, and schools. Its proximity to JFK Airport and a variety of local amenities further enhances its appeal. With a total square footage of 21,121, this building represents a significant investment opportunity in a thriving urban area. The property is offered at $10,385,000. This is a rare chance to acquire a well-maintained, income-producing multi-family building in a high-demand location. Don't miss this chance to secure a strong return on your investment.

• CAP approach

  CAP return

  Valuation

  6%

  $4,921,943

  6.5%

  $4,543,332

  7%

  $4,218,808

• Comparable approach

  Method

  Valuation

  Relative Method

  $6,668,238

  Geo Method

  $6,668,238

• Alternative Use

  Use

  Valuation

  Residential

  $3,832,470

  Hospitality

  $3,510,522

  Educational

  $2,920,714

  Medical

  $3,021,161

  Retail

  $4,543,332

Location Insight

City

Jamaica

County

Queens

State

New York

Latitude

40.7074

Longitude

-73.7873

CBSA code

35620

CBSA name

NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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