12302 Jamaica Ave
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12302 Jamaica Ave
11 Unit Apartment Building $1,850,000 ($168,182/Unit) 7.94% Cap Rate Richmond Hill, NY 11418
Investment Highlights
- In Close Proximity to the J and Z Trains
- High Traffic Area
- Corner Exposure
- In Close Proximity to multiple retail stores and restaurnats
Executive Summary
Asset CRG Advisors has retained an exclusive to sell 123-02 Jamaica Ave, Richmond Hill, NY 11418. The property is a mixed-use building in the heart of Richmond Hill, Queens. The building consist of four floors above grade plus a lower level and totals approximately 5,520 square feet of above grade space. There are 2 commercial units one that is on a month to month lease and one with a lease expiring in February of 2026, 9 occupied Rent Stabilized residential units. The property sits on a 2,300 square foot corner lot and is zoned R6A with a C2-3 commercial overlay.
Property Facts
| Price | $1,850,000 | Apartment Style | Mid Rise |
| Price Per Unit | $168,182 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.05 AC |
| Cap Rate | 7.94% | Building Size | 5,509 SF |
| Sale Conditions | 1031 Exchange | Average Occupancy | 100% |
| No. Units | 11 | No. Stories | 4 |
| Property Type | Multifamily | Year Built/Renovated | 1910/2010 |
| Property Subtype | Apartment |
| Price | $1,850,000 |
| Price Per Unit | $168,182 |
| Sale Type | Investment |
| Cap Rate | 7.94% |
| Sale Conditions | 1031 Exchange |
| No. Units | 11 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid Rise |
| Building Class | C |
| Lot Size | 0.05 AC |
| Building Size | 5,509 SF |
| Average Occupancy | 100% |
| No. Stories | 4 |
| Year Built/Renovated | 1910/2010 |
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 9 | - | - |
| Studios | 2 | - | - |
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Walk Score ®
Walker's Paradise (91)
Transit Score ®
Rider's Paradise (100)
PROPERTY TAXES
| Parcel Number | 09332-0001 | Improvements Assessment | $194,200 |
| Land Assessment | $129,600 | Total Assessment | $323,800 |
PROPERTY TAXES
Parcel Number
09332-0001
Land Assessment
$129,600
Improvements Assessment
$194,200
Total Assessment
$323,800
zoning
| Zoning Code | R6A, C2-3 (Mixed Use) |
| R6A, C2-3 (Mixed Use) |
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Isaac Matayev -
Asset CRG Advisors LLC
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12302 Jamaica Ave
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