13821 Jamaica AVE, Jamaica, NY 11435
13821 Jamaica AVE, Jamaica, NY 11435
13821 Jamaica AVE, Jamaica, NY 11435
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Thomas "Chopper" Russo

Thomas "Chopper" Russo

+1(201) 240-5200
$ 5,990,000
Est. payment | /mo

4,416 Sqft Lot

Save
$ 5,990,000
Est. payment | /mo
Save

4,416 Sqft Lot

Key Details

Property Type Commercial

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

MLS Listing ID 1035749

Rental Info No

Year Built 1931

Annual Tax Amount $43,437

Lot Size 4,416 Sqft

Acres 0.1014

Property Sub-Type Multi Family

Source onekey2

Property Description

Rare opportunity to purchase a fully occupied investment property with development potential located in the Downtown Jamaica special zoning district. The subject includes two lots with an approximate size of 4675 sq. ft. zoned R7X,C2-4. Five commercial plus seven residential, free market tenants make up this cash flowing asset with an NOI of 350K and an in place 5.84% cap rate. A corner property with tremendous visibility at the intersection of Queens Blvd. and Jamaica Ave. make this an incredible cash flow or development opportunity. Detailed income and expenses available upon request.

Location

State NY

County Queens

Rooms

Basement Full

Interior

Heating Natural Gas

Cooling Wall/Window Unit(s)

Fireplace No

Exterior

Parking Features None

Utilities Available Electricity Connected, Natural Gas Connected

Building

Story 3

Sewer Public Sewer

Water Public

Structure Type Brick

Schools

High Schools Queens 28

School District Queens 28

Others

Special Listing Condition None

OneKey MLS/ Hudson Gateway (HGAR)/ Long Island MLS (MLSLI)/ Mid Hudson MLS
Listed by Landmark International R E LLC • Jordan G. Donner
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Thomas "Chopper" Russo

Thomas "Chopper" Russo

Broker Associate

+1(201) 240-5200

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13821 Jamaica AVE

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