84-33-84-37 Jamaica Ave - Storefront Retail/Office FOR SALE


Woodhaven, NY 11421
$6,000,000 USD
917-539-0402
84-33-84-37 Jamaica Ave, Woodhaven, NY for Sale
$6,000,000 USD
Storefront Retail/Office - FOR SALE
1/23
null | 5.01% Cap Rate

84-33-84-37 Jamaica Ave
Woodhaven, NY 11421


HIGHLIGHTS

  • 11,800 SF Two-Story Retail Property in Woodhaven, Queens
  • 100 Percent Occupied by Two Long-Term Tenants
  • Ground Floor Leased to Newly Renovated Avocado Supermarket Through 2030
  • 77 Feet of Retail Frontage Along Jamaica Avenue

OVERVIEW

The subject offering is an 11,800-square-foot, two-story retail property with 77 feet of retail frontage along Jamaica Avenue in Queens’ Woodhaven neighborhood. The property is 100 percent occupied by two tenants, with the 7,800 square foot ground floor leased to Avocado Supermarket, on a lease that runs through 2030. The supermarket is brand-new and recently completed a full renovation prior to opening in Summer 2025. The second floor is leased to May Kickboxing & MMA Academy, which have been operating in the neighborhood since 1992. They just executed a new five-year lease that runs through 2030. Both tenants have three percent annual increases, and both tenants reimburse for a proportionate share of real estate taxes. Ownership put a new roof on this property in 2024.

FOR SALE DETAILS

PRICE

$6,000,000 USD

PRICE/SF

$441 USD /SF

CAP RATE

5.01%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Supermarket Retail - Queens, NY

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1965

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.19 AC

LAND SF

8,276 SF

ZONING

R3-1/R6A

APN/PARCEL ID

08853-0109

ASK ABOUT THIS PROPERTY

Scott PlaskyMarcus & MillichapMore Info
917-539-0402

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Scott PlaskyMarcus & MillichapMore Info
917-539-0402

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