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.
Property Features
Utilities
Natural Gas Available
Electricity Connected
Natural Gas Connected
Parking
No Garage
None
Cooling Information
Wall/Window Unit(s)
Heating Information
Natural Gas
Water Features
Public
Basement
Full
Listing Courtesy: Landmark International R E LLC - 718-898-8300