13204 Jamaica Ave - Storefront Retail/Residential FOR SALE


Richmond Hill, NY 11418
$1,350,000 USD
646-416-1174
13204 Jamaica Ave, Richmond Hill, NY for Sale
$1,350,000 USD
Storefront Retail/Residential - FOR SALE
1/20
null | 7.63% Cap Rate

13204 Jamaica Ave
Richmond Hill, NY 11418


HIGHLIGHTS

  • Main Avenue, high visibility
  • 4 Block s to subway E & F
  • Upside, below market rents, month-to-month

OVERVIEW

132-04 Jamaica Avenue, Richmond Hill, NY 11418. EXCLUSIVE: Discover a rare investment opportunity in this prime mix-use building, perfectly positioned in a high-traffic, desirable location along Jamaica Avenue. Close proximity to public transportation, ONLY four short blocks to the E & F subway train line at the Jamaica/Van Wyck Station and Van Wyck Expressway. 18 min walk to LIRR and AirTrain. To the west, subway lines J & Z . Large scale new developments surround this ideal site. Some of the prestigious neighboring business include: Jamacia Hospital Medical Center, Starbucks, Walgreens, T-Mobile, Bank of America, Subway, Planet Fitness, Dunkin’ Donuts, Go Detox Bar Juice and Grill, Forest Hills Orthopedic Group, Ezra Jack Keats Pre-K Center, Benjamin Moore, Balkan Sewer & Water Main, CVS… This property features a blend of retail and garage, plus two residential apartments above, offering versatile income streams. The ground floor & basement level is occupied by a NFP church since 2017, the garage is vacant and ready for lease, and two 2-bed & 1 full bath walkup apartments. Shared egress driveway for garage access, in rear. The property is ideal for an investor looking to capitalize on a thriving area and current below market rents! Exceptional asset with strong growth potential, call listing broker for purchase details. Héna 646-416-1174. HIGHLIGHTS: SALE BLOCK/LOT: 9340/102 $1,350,000 Mix Use: 3 Units Cap 4.12% actual, 8.00% upside 1 Retail (+Bsmt) & 1 Garage, RE TAX: $20,619 2 Apts Lot Size: +/- 20’ X 119’ ; 2,380 SF ZONING: M1-1 & R4 # of Buildings: 2 Built: 1935 # of Floors: 2 (plus basement) Year Building Altered: 2000 Lot Dimensions: +/- 20’ X 119’ Electric Meter: 3 Building Dimensions: +/- 20’Wx 60’ Gas Meter: 2 Garage Dimensions: +/- 21.5’Wx 20’ Hot water tanks 3 Ceiling Height: 10’2” Retail; 6’-7’ Basement; 9’ 2nd Floor Apt HVAC: Retail

FOR SALE DETAILS

PRICE

$1,350,000 USD

PRICE/SF

$479 USD /SF

CAP RATE

7.63%

% LEASED

100%

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

MixUse Building, Upside 8% cap, Subway E F.

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

ADD'L SUBTYPES

Convenience Store, Storefront, Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1935

SPRINKLERS

-

PARKING SPACES

1

LAND DETAILS

LAND ACRES

0.05 AC

LAND SF

2,309 SF

ZONING

M1-1, R4

APN/PARCEL ID

09340-0103

ASK ABOUT THIS PROPERTY

Hena ChoungSolo Real Estate Corp (SREC)More Info
646-416-1174

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Hena ChoungSolo Real Estate Corp (SREC)More Info
646-416-1174

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.