138-19 Queens Blvd, Jamaica, NY 11435
sale
$5,990,000
|
Other
Courtesy Of LANDMARK INTERNATIONAL REAL ESTATE GROUP LLC
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.
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Property Features
- Age: Over 50 Years Old
- Exterior Type: Brick
- Floors: 3
- Heating System: Zoned
- Heating System: Steam
- Heating System: Natural Gas
- MLSID: 11877517
- Roof Type: Flat
- Rooms: Bathroom 6
- Rooms: Bathroom 7
- Rooms: Bathroom 4
- Rooms: Bathroom 5
- Rooms: Bathroom 2
- Rooms: Bathroom 3
- Rooms: Bathroom 1
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