138-19 Queens Blvd, Jamaica, NY 11435

$5,990,000
Active for Sale
 
Listing ID 11877517
Property Type Multi-Unit (5+)
Commercial Type RETAIL, Storefront Retail/Residential, RESIDENTIAL INCOME, Residential Income
County Queens
Township Queens
Neighborhood Briarwood
Total Tax $43,437
FEMA Flood Map fema.gov/portal
Year Built 1931
   
Associated Documents
DOCUMENTqueens-blvd-property-setup.pdf
 
Virtual Tour
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.
Property Details
  • 7 Full Baths
  • 6580 SF (AG)
  • 6580 SF (Total)
  • 4675 SF Lot
  • Built in 1931
  • 3 Stories
  • Full Basement
Unit Information

No unit information was entered.

Interior Features
  • Steam Radiators
  • 1 Heat/AC Zones
  • Natural Gas Fuel
Exterior Features
  • Masonry - Brick Construction
  • Brick Siding
  • Flat Roof
Commercial Info
  • 5.84% Cap. Rate
Income/Expenses
  • Gross Income $465,043
  • Net Income $350,670
  • Operating Exp $78,373
Taxes and Fees
  • $43,437 Total Tax
Listed By
LANDMARK INTERNATIONAL REAL ESTATE GROUP LLC
Office: 917-530-5075
Mobile: 646-875-1762
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