Turnkey mixed use investment in the heart of Queens Village.
New York, NY 11428
Listing
| Web ID: | 5755000 |
|---|---|
| Website: | https://www.nestseekers.com/5755000 |
Property
| Ownership: | For Sale |
|---|---|
| Type: | Multi-Family |
| Bedrooms: | Studio |
Financials
Price:$3,300,000
Annual Taxes:$50,698
Description
Turnkey mixed-use investment in the heart of Queens Village. Two contiguous two-story brick buildings totaling approximately 6,224 SF on a 0.10-acre lot with 39 feet of frontage on heavily trafficked Jamaica Avenue. Four street-level retail stores plus four apartments. Extensive recent capital work: new roof, brick pointing, new Andersen windows, two new hot water heaters with ten-year warranties, new LED hallway lighting, fully renovated kitchen and bath in the four-bedroom apartment, new kitchens and ceramic flooring, new ceramic entry at 210-25, and freshly painted interior throughout. Virtually no deferred maintenance. All tenants pay their own gas, electric, heat, and water. Current gross income of approximately $281,092 with net operating income of approximately $221,632, projected to approximately $299,712 and $240,252 as leases mature. All commercial space deliverable with ten-year leases. Highly walkable, close to shopping and transit. Ideal for 1031-exchange buyers, owner-users, or investors seeking durable cash flow on one of eastern Queens' most active commercial corridors.
Amenities
- Cable Connected
- Electricity Connected
- Natural Gas Connected
- Phone Connected
- Sewer Connected
- Water Connected
Contact
24-20 Jackson Ave Floor 3
Long Island City, NY 11101, USA
Phone: +1 929-442-2208
Listing Courtesy of NYCRB Corp