MixUse Building, Upside 8% cap, Subway E F. | 13204 Jamaica Ave
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MixUse Building, Upside 8% cap, Subway E F. 13204 Jamaica Ave
3,000 SF 100% Leased Retail Building Richmond Hill, NY 11418 $1,350,000 ($450/SF) 7.63% Cap Rate
Investment Highlights
- Main Avenue, high visibility
- Upside, below market rents, month-to-month
- 4 Block s to subway E & F
Executive Summary
132-04 Jamaica Avenue, Richmond Hill, NY 11418.
EXCLUSIVE: Discover a rare investment opportunity in this prime mix-use building, perfectly positioned in a high-traffic, desirable location along Jamaica Avenue. Close proximity to public transportation, ONLY four short blocks to the E & F subway
train line at the Jamaica/Van Wyck Station and Van Wyck Expressway. 18 min walk to LIRR and AirTrain. To the west, subway lines J & Z .
Large scale new developments surround this ideal site. Some of the prestigious neighboring business include:
Jamacia Hospital Medical Center,
Starbucks, Walgreens, T-Mobile, Bank of America, Subway, Planet Fitness, Dunkin’ Donuts, Go Detox Bar Juice and Grill, Forest Hills Orthopedic Group, Ezra Jack Keats Pre-K Center, Benjamin Moore, Balkan Sewer & Water Main, CVS…
This property features a blend of retail and garage, plus two residential apartments above, offering versatile income streams. The ground floor & basement level is occupied by a NFP church since 2017, the garage is vacant and ready for lease, and two 2-bed & 1 full bath walkup apartments. Shared egress driveway for garage access, in rear.
The property is ideal for an investor looking to capitalize on a thriving area and current below market rents! Exceptional asset with strong growth potential, call listing broker for purchase details. Héna 646-416-1174.
HIGHLIGHTS:
SALE BLOCK/LOT: 9340/102
$1,350,000 Mix Use: 3 Units
Cap 4.12% actual, 8.00% upside 1 Retail (+Bsmt) & 1 Garage,
RE TAX: $20,619 2 Apts
Lot Size: +/- 20’ X 119’ ; 2,380 SF ZONING: M1-1 & R4
# of Buildings: 2 Built: 1935
# of Floors: 2 (plus basement) Year Building Altered: 2000
Lot Dimensions: +/- 20’ X 119’ Electric Meter: 3
Building Dimensions: +/- 20’Wx 60’ Gas Meter: 2
Garage Dimensions: +/- 21.5’Wx 20’ Hot water tanks 3
Ceiling Height: 10’2” Retail; 6’-7’ Basement; 9’ 2nd Floor Apt
HVAC: Retail
EXCLUSIVE: Discover a rare investment opportunity in this prime mix-use building, perfectly positioned in a high-traffic, desirable location along Jamaica Avenue. Close proximity to public transportation, ONLY four short blocks to the E & F subway
train line at the Jamaica/Van Wyck Station and Van Wyck Expressway. 18 min walk to LIRR and AirTrain. To the west, subway lines J & Z .
Large scale new developments surround this ideal site. Some of the prestigious neighboring business include:
Jamacia Hospital Medical Center,
Starbucks, Walgreens, T-Mobile, Bank of America, Subway, Planet Fitness, Dunkin’ Donuts, Go Detox Bar Juice and Grill, Forest Hills Orthopedic Group, Ezra Jack Keats Pre-K Center, Benjamin Moore, Balkan Sewer & Water Main, CVS…
This property features a blend of retail and garage, plus two residential apartments above, offering versatile income streams. The ground floor & basement level is occupied by a NFP church since 2017, the garage is vacant and ready for lease, and two 2-bed & 1 full bath walkup apartments. Shared egress driveway for garage access, in rear.
The property is ideal for an investor looking to capitalize on a thriving area and current below market rents! Exceptional asset with strong growth potential, call listing broker for purchase details. Héna 646-416-1174.
HIGHLIGHTS:
SALE BLOCK/LOT: 9340/102
$1,350,000 Mix Use: 3 Units
Cap 4.12% actual, 8.00% upside 1 Retail (+Bsmt) & 1 Garage,
RE TAX: $20,619 2 Apts
Lot Size: +/- 20’ X 119’ ; 2,380 SF ZONING: M1-1 & R4
# of Buildings: 2 Built: 1935
# of Floors: 2 (plus basement) Year Building Altered: 2000
Lot Dimensions: +/- 20’ X 119’ Electric Meter: 3
Building Dimensions: +/- 20’Wx 60’ Gas Meter: 2
Garage Dimensions: +/- 21.5’Wx 20’ Hot water tanks 3
Ceiling Height: 10’2” Retail; 6’-7’ Basement; 9’ 2nd Floor Apt
HVAC: Retail
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
3,000 SF
Year Built/Renovated
1935/2000
Price
$1,350,000
Price Per SF
$450
Cap Rate
7.63%
NOI
$102,956
Percent Leased
100%
Building Height
2 Stories
Building FAR
1.30
Lot Size
0.05 AC
Opportunity Zone
Yes
Zoning
M1-1, R4 - M1-1, R4
Parking
1 Space (0.33 Spaces per 1,000 SF Leased)
Frontage
20 FT on Jamaica Avenue
Walk Score ®
Walker's Paradise (94)
Transit Score ®
Rider's Paradise (100)
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 09340-0103 | Improvements Assessment | $22,591 |
| Land Assessment | $7,631 | Total Assessment | $30,222 |
PROPERTY TAXES
Parcel Number
09340-0103
Land Assessment
$7,631
Improvements Assessment
$22,591
Total Assessment
$30,222
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MixUse Building, Upside 8% cap, Subway E F. | 13204 Jamaica Ave
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