This two story mixed use building offers approximately 4, 594 SF on a lot with about 24 feet of frontage along Jamaica Avenue.
| Website: | https://www.nestseekers.com/5266128 |
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| Address: | New York, NY 11423 |
| Ownership: | For Sale |
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| Type: | mixed-use |
| Bedrooms: | Studio |
Financials
Description
This two-story mixed-use building offers approximately 4,594 SF on a lot with about 24 feet of frontage along Jamaica Avenue. Built in 1931 and zoned R5, the property supports both residential and commercial use and is fully income-producing with stable, long-term tenants. The building includes two commercial units on the first floor (a real estate office and a church), a tenant-occupied basement space, and a four-bedroom residential apartment on the second floor.
The property generates a total gross annual income of $97,200, derived from monthly rents of $2,300 (real estate office), $2,200 (church), $1,100 (basement tenant), and $2,500 (four-bedroom apartment). Annual operating expenses total approximately $22,900, including real estate taxes, insurance, heat, and water, resulting in a net operating income (NOI) of $74,300 and an estimated cap rate of approximately 4.37%.
Amenities
- Electricity Connected
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24-20 Jackson Ave Floor 3
Long Island City, NY 11101, USA
Phone: +1 929-442-2208
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| Listing Courtesy of Kingsland Properties | |