Mixed-Use Building in Queens Village, NY

211-75 Jamaica Avenue,
Queens Village, NY 11428

 

$1,350,000
Price
3
Number of Units
$450,000
Price Per Unit
2,200
Building SF
7.14%
Cap Rate
1,995
Land SF
$1,350,000
Price
3
Number of Units
$450,000
Price Per Unit
2,200
Building SF
7.14%
Cap Rate
1,995
Land SF

Investment Hightlights

  • For Sale: Fully-occupied mixed-use building in Queens Village, Queens
  • Consisting of one (1) commercial unit and two (2) 2-bedroom residential units
  • Additional income can be generated from basement and garage storage in the rear yard
  • Subject building has been fully-renovated with new apartments and new mechanical system
  • Located on Jamaica Avenue with high traffic counts at 25,211 vehicle per day

Location Summary

  • Subject Property is located on Jamaica Ave, approximately 0.7 miles south of Grand Central Parkway, and 1.0 miles west of Cross Island Parkway. The traffic count at this location is approximately 25,211 vehicles per day. Subject property is approximately 0.5 miles west of the Queens Village LIRR train station.
  • Surrounded by various neighborhood retail and amenities including Key Food, TD Bank, Dollar Tree store, Safelite AutoGlass, churches, Capital One Bank, Citi Bank, Popeyes, various local restaurants and retail stores to the east; Star Auto, Star Chrysler Jeep Dodge Ram, Dunkin' Donut, Star Cars Auto Mall, US Postal Service, Pep Boys, Popeyes, local restaurants and retail to the west
  • Subject property is located approximately 1.0 miles west of Belmont Race Track and UBS Arena.
FOR MORE DETAILS CONTACT
Raj Whadwa
Managing Partner
(516) 316-0722
raj@grs-us.com
10991239274