Listing Notes
Mixed use residential and commercial building in the heart of Jamaica. Prime Investment Opportunity - Ideal for 1031 Exchange Buyers - Free Market 5-Unit Mixed-Use Property Mixed-use brick building located in the heart of Jamaica, Queens featuring 1 commercial store and 4 residential apartments, offering strong income potential and flexibility for both investors and end users. The first-floor commercial space is leased to a restaurant tenant at $5,600/month, plus 35% of annual property taxes as additional rent. The commercial space can be delivered with the existing tenant in place for immediate income or vacant at closing for an owner-user. Second Floor: Rear 1-bedroom (1 bath) rented at $2,000/month and front 2-bedroom (1 bath) rented at $2,300/month. Third Floor: 3-bedroom unit (2 baths) rented at $3,000/month. Fourth Floor: 3-bedroom unit (2 baths) rented at $2,600/month. Second- and third-floor residential units can be delivered vacant. The fourth-floor apartment is tenant-occupied. Strong income-producing property with approximately $203,000 in gross annual rent. Constructed with solid brick, the building offers long-term stability and strong fundamentals for both buy-and-hold investors and value-add strategies. Building Dimensions: 25.76 x 65 and Lot: 25.76 x 70.13 , Zoning : C4-4D. Just steps from Jamaica Center. Close to Target, Burlington, H&M, Marshalls, Shake Shack, Chipotle, Starbucks, supermarkets, banks, restaurants, and many other shopping and dining options. Conveniently located near the Jamaica Center-Parsons/Archer Station with access to the E, J, and Z subway lines, the LIRR, AirTrain JFK, and multiple bus routes, providing easy access to Manhattan, Long Island, and JFK Airport.
Price in context
Cheaper than 12% of the 24 homes listed nearby right now, which run $1,429,000 to $3,500,000.
See all 24 nearby listings
| Address | Asking | Size |
|---|---|---|
| 151-10 85th Dr | $1,429,000 | 7 bd · 3 ba |
| 16220 Tuskegee Airmen Way | $1,490,000 | 5 bd · 3 ba |
| 10601 Liverpool St | $1,499,900 | — |
| 8824 170th St | $1,500,000 | 5 bd · 2 ba |
| 168-66 93rd Ave | $1,550,000 | 12 bd · 4 ba |
| 85-38 Homelawn St | $1,599,000 | 6 bd · 3 ba |
| 10847 Sutphin Blvd | $1,629,000 | 6 bd · 5 ba |
| 85-43 150th St | $1,698,000 | 6 bd · 3 ba |
| 15007 85th Dr | $1,699,000 | 8 bd · 3 ba |
| 8713 164th St | $1,700,000 | 8 bd · 6 ba |
| 159-44 Normal Rd | $1,700,000 | 8 bd · 7 ba |
| 87-14 169th St | $1,728,000 | 6 bd · 4 ba |
| 16920 107th Ave | $1,749,000 | 7 bd · 3 ba |
| 160-02 Normal Rd | $1,750,000 | 9 bd · 7 ba |
| 86-12 Kingston Pl | $1,779,000 | 9 bd · 6 ba |
| 170-15 84th Dr | $1,980,000 | 10 bd · 6 ba |
| 8470 159th St | $1,999,999 | 8 bd · 4 ba |
| 8915 170th St Unit 7 | $2,200,000 | Studio |
| 8734 169th St | $2,249,000 | 6 bd · 3 ba |
| 9008 171st St | $2,450,000 | — |
| 84-29 Kendrick Pl | $2,488,000 | 5 bd · 7 ba |
| 9022 161st St | $2,680,000 | Studio |
| 105-8 150th St | $3,250,000 | — |
| 85-14 168th St | $3,500,000 | 5 bd · 3 ba |
Where it is
For sale Coming soon Recently sold— zoom out for more