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  OFF MARKET   10721 Jamaica Ave, Queens, NY, 11418
3-story mixed-use building with 1 store and 2 residential units in Queens, NY 
Excellent & highly visible location on one of the main streets of Queens Jamaica Ave / 107 street - Ground Floor is app.. 1060 sq. ft The previous tenant occupied the space for 4 years.

Description:

A 20’ wide, three story mixed-use building located on very desirable Jamaica Avenue. The unit on the third floor is rent controlled offering substantial upside. The first and second floors will be delivered vacant making this an ideal opportunity for a user or an investor.

[ Asking Price: $630,000 ] - [ map ] - [ Arial map ]
Located: 107 St/Jamaica Ave Lot Size (Approx): 20’ x 98’
Stories: 3 Building Size:  20’ x 53’
Zoning C2-2/R6A Building Sq. Ft 3180 sq. ft
Expenses Rent Roll / Projections
RE Tax $2807 Store / monthly $2500
Insurance $1200 3 bedroom apt  / monthly $1500
Water and Sewer $700 3 bedroom apt  / monthly $1500
Fuel (Gas) $1200  
Total Expenses: $5907 Total Income/ Projections $66,000
Net income/ Projections $60,093
CAP Rate / Projections 8,70%

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Timeless Realty Corp offers you a very cost effective way of selling or renting your property. All you have to do is follow this simple step and your property can be viewed by the world. Please submit your listing to us and let us help you.

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