144-16 Jamaica Avenue - Freestanding FOR SALE


Jamaica, NY 11435- Downtown Jamaica
$1,400,000 USD
646-805-1439
144-16 Jamaica Avenue, Jamaica, NY for Sale
$1,400,000 USD
Freestanding - FOR SALE
1/1
null | Request Cap Rate

144-16 Jamaica Avenue
Jamaica, NY 11435
Downtown Jamaica


OVERVIEW

The offering is a 2,800 square foot, single-story retail property situated at the corner of Jamaica Avenue and 144th Place in Jamaica, Queens, NY. Currently, 2,000 square feet of the building is leased to Latin Joyeria under a master lease that runs until July 2026. The remaining 800 square feet will be delivered vacant. The property boasts 130 feet of frontage along Jamaica Avenue and 144th place. It is located 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 property sits on a 2,931 square foot lot, zoned R6A, C2-4, with a Floor Area Ratio (FAR) of 3, offering 8,793 square feet of air rights. This is an excellent value-add investment opportunity in the thriving downtown Jamaica area of Queens

FOR SALE DETAILS

PRICE

$1,400,000 USD

PRICE/SF

$500 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Corner 4-Unit Retail Strip

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Restaurant, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1962

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

09983-0009

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.