13937 Jamaica Ave - Storefront Retail/Residential FOR SALE


Jamaica, NY 11435- Downtown Jamaica
$1,300,000 USD
646-805-1439
13937 Jamaica Ave, Jamaica, NY for Sale
$1,300,000 USD
Storefront Retail/Residential - FOR SALE
1/3
null | Request Cap Rate

13937 Jamaica Ave
Jamaica, NY 11435
Downtown Jamaica


OVERVIEW

The offering is a 2,280 square foot mixed-use building located on Jamaica Avenue in Jamaica (Queens) NY. The property features 1,140 square feet of retail space on the ground floor and a recently gut-renovated two-bedroom apartment on the second floor. It offers 19 feet of frontage along Jamaica Avenue and is just three blocks from the LIRR Jamaica Station, the Sutphin Blvd-Archer Av-JFK Airport Station (serving the E, J, and Z trains), and the Jamaica AirTrain. The retail space is currently leased to On The Way Convenience, which has occupied the location since August 2023. They hold a lease through July 2028 with a five-year renewal option. Starting in August 2025, the retail tenant’s rent will increase by 12%. They are responsible for their own utilities and 100% of any increase in real estate taxes above the base year of 2022/2023. The property sits on a 1,520 square foot lot, zoned R6A, C2-4, with a Floor Area Ratio (FAR) of 3.

FOR SALE DETAILS

PRICE

$1,300,000 USD

PRICE/SF

$758 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Mixed-Use -Gut Renovated Apartment

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1931

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.04 AC

LAND SF

1,525 SF

ZONING

R6A

APN/PARCEL ID

09673-0019

ASK ABOUT THIS PROPERTY

William StephanMarcus & MillichapMore Info
646-805-1439

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William StephanMarcus & MillichapMore Info
646-805-1439

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