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.
Listing By
Agency Name: NYCRB Corp
Agency Contact: 516-712-9262
Shown By
Agent Name: Richie Krug Jr.
Agent Phone: (516) 673-8775
Agency Title: Coldwell Banker American Homes
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210-23-25 Jamaica Avenue | MLS# 1052284
This commercial property located at 210-23-25 Jamaica Avenue , Queens Village, NY 11428 is currently listed for sale with an asking price of $3,300,000. 210-23-25 Jamaica Avenue is located within the Queens 29 school district. Search Queens Village real estate on www.richiekrugjr.com today.