13821 Jamaica Avenue, New York, NY, 11435
$5,990,000
activeLot Size
4,675 sqft
Year Built
1931
Stories
3
Type
Commercial
Estimate. Actual payment depends on credit, lender, taxes, and insurance.
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.
Listed by Jordan G. Donner, Landmark International R E LLC
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