12009 Jamaica Ave - Storefront FOR SALE


Jamaica, NY 11418
$1,150,000 USD
718-663-2639
12009 Jamaica Ave, Jamaica, NY for Sale
$1,150,000 USD
Storefront - FOR SALE
1/1
null | 7% Cap Rate

12009 Jamaica Ave
Jamaica, NY 11418


HIGHLIGHTS

  • Fully-leased, Two-Story Mixed-Use Building - Recently leased commercial space with a two-bedroom apartment above.
  • Adjacent to 121st Street J&Z Subway Station - Provides easy and direct access to Brooklyn and Manhattan.
  • In Proximity to Major Employers & Institutions - Walking distance to Jamaica Hospital, LIRR, Kew Gardens Municipal offices, etc.
  • 543-Acre Forest Park - Short walk to the 543-acre Forest Park including plenty of hiking trails, recreational fields, and the Forest Park golf course.

OVERVIEW

RIPCO REAL ESTATE has been retained on an exclusive basis to arrange for the sale of 120-09 JAMAICA AVENUE — in Richmond Hill, Queens (the ‘Property’). The Property is a two-story mixed-use building consisting of a recently renovated ground-floor retail space and a two-bedroom, two-bathroom apartment above. Fully-occupied and cash-flowing, the asset provides secure tenancy in place and long-term ownership appeal within a dynamic neighborhood corridor. The Property is situated across the street from the J & Z subway station at Jamaica Avenue / 121st Street. Additionally, the Property will benefit from the construction of a brand new 692-seat elementary school located directly across the street. With a newly upgraded retail space, existing residential tenants, and prime positioning along a busy corridor, this opportunity is ideally suited for investors seeking a secure mixed-use building in a well established neighborhood in Queens. For additional information or to schedule a property inspection, please contact the Exclusive Brokers.

FOR SALE DETAILS

PRICE

$1,150,000 USD

PRICE/SF

$575 USD /SF

CAP RATE

7%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

120-09 Jamaica Avenue, Jamaica

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1929

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

CROSS STREETS

120

LAND ACRES

0.05 AC

LAND SF

2,275 SF

ZONING

C2-4, R6A

APN/PARCEL ID

09274-0079

ASK ABOUT THIS PROPERTY

Stephen PreussRipco Real EstateMore Info
718-663-2639

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Stephen PreussRipco Real EstateMore Info
718-663-2639

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