11702 Jamaica Ave - Apartments FOR SALE


Richmond Hill, NY 11418
$1,899,999 USD
646-267-3979
11702 Jamaica Ave, Richmond Hill, NY for Sale
$1,899,999 USD
Apartments - FOR SALE
1/8
null | 6.5% Cap Rate

11702 Jamaica Ave
Richmond Hill, NY 11418


OVERVIEW

Corner mixed-use investment property located at 117-02 Jamaica Ave, Richmond Hill, NY 11418, offering strong in-place income, long-term tenancy stability, and a solid cash flow profile with a corner location and strong street visibility. The property generates approximately $140,580 in gross annual income, consisting of a ground-floor commercial unit at $5,250/month plus $200/month parking income, and two residential units (4-bedroom at $3,750/month and 3-bedroom at $2,515/month). The commercial tenant has approximately 15 years remaining on the lease and contributes to operating expenses, while residential tenants pay electricity, with the landlord covering certain utilities. Annual Expenses: - Real Estate Taxes: $10,500/year (33% reimbursed by commercial tenant) - Insurance: $5,500/year (33% reimbursed by commercial tenant) - Water: $2,400/year (30% reimbursed by commercial tenant)

FOR SALE DETAILS

PRICE

$1,899,999 USD

PRICE/SF

$95 USD /SF

# OF UNITS

2

PRICE/UNIT

$950,000

CAP RATE

6.5%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1931

PARKING SPACES

1

LAND DETAILS

LAND ACRES

0.03 AC

LAND SF

1,437 SF

ZONING

R3-1, Queens, (S3)

APN/PARCEL ID

09255-0031,09327-0001,09327-0007

ASK ABOUT THIS PROPERTY

Sergey BabayevKingsland PropertiesMore Info
646-267-3979

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Sergey BabayevKingsland PropertiesMore Info
646-267-3979

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.