8505 Jamaica Ave - Storefront Retail/Residential FOR SALE


Woodhaven, NY 11421
$1,580,000 USD
8505 Jamaica Ave, Woodhaven, NY for Sale
$1,580,000 USD
Storefront Retail/Residential - FOR SALE
1/20
null | 6.46% Cap Rate

8505 Jamaica Ave
Woodhaven, NY 11421


HIGHLIGHTS

  • Pro Forma CAP rate is 7.90% and projected rent roll is $132,000
  • Heavy foot traffic
  • Exposed Brick Walls
  • Mixed use
  • Mixused multifamily

OVERVIEW

This mixed-use 3 units property on Jamaica Ave seamlessly blends commerce with comfort. Ideally suited for retail ventures, the street-level 2000 sqf storefront is the perfect canvas for your dream business or leasing opportunity, guaranteeing an attractive ROI. Above, you'll find two apartments on the 2nd floor. With its prime location on bustling streets, this gem ensures high visibility, incredible foot traffic, and unlimited potential. It's R6A zoning with potential buildable, right next to J/z 85 st train station. Live above your thriving retail space or lease it out for an added income stream. This is a rare find, exquisitely designed to maximize both your personal and professional aspirations. Dive into the dynamic synergy of city living! Don't miss this unique investment opportunity. Current cap rate is 6% and Pro Forma cap rate is 7.5%. Schedule your viewing today.

FOR SALE DETAILS

PRICE

$1,580,000 USD

PRICE/SF

$494 USD /SF

CAP RATE

6.46%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1931

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.05 AC

LAND SF

2,178 SF

ZONING

R6A

APN/PARCEL ID

08859-0029

ASK ABOUT THIS PROPERTY

Jiangwei ZhoueXp RealtyMore Info

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

Jiangwei ZhoueXp RealtyMore Info

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