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Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
MLS Listing ID 958205
Rental Info No
Annual Tax Amount $13,500
Property Sub-Type Mixed Use
Source onekey2
Property Description
This two-story mixed-use building offers approximately 4,594 SF on a lot with about 24 feet of frontage along Jamaica Avenue. Built in 1931 and zoned R5, the property supports both residential and commercial use and is fully income-producing with stable, long-term tenants. The building includes two commercial units on the first floor (a real estate office and a church), a tenant-occupied basement space, and a four-bedroom residential apartment on the second floor.
The property generates a total gross annual income of $97,200, derived from monthly rents of $2,300 (real estate office), $2,200 (church), $1,100 (basement tenant), and $2,500 (four-bedroom apartment). Annual operating expenses total approximately $22,900, including real estate taxes, insurance, heat, and water, resulting in a net operating income (NOI) of $74,300 and an estimated cap rate of approximately 4.37%.
The property generates a total gross annual income of $97,200, derived from monthly rents of $2,300 (real estate office), $2,200 (church), $1,100 (basement tenant), and $2,500 (four-bedroom apartment). Annual operating expenses total approximately $22,900, including real estate taxes, insurance, heat, and water, resulting in a net operating income (NOI) of $74,300 and an estimated cap rate of approximately 4.37%.
Location
State NY
County Queens
Rooms
Basement Finished
Interior
Heating Ducts
Cooling Ductwork
Fireplace No
Exterior
Utilities Available Electricity Connected
Building
Foundation Other
Sewer Public Sewer
Water Public
Structure Type Other
Others
Special Listing Condition None
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Listed by Kingsland Properties • Sergey Babayev M
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Athena Pettway
Broker Associate | License ID: 10301221193
Broker Associate License ID: 10301221193