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Single Family House for Sale in Jamaica, New York, Queens, NY 11432 | Web ID: 1024527 | $2,388,000

9022 161st Street , Jamaica , NY 11432

 
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Property Description

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.

Property Information

Location/Town New York
Area/County Queens
Post Office/Postal City Jamaica
Prop. Type Single Family House for Sale
Tax $48,597.00
Year Built 2003
Basement Finished, Full
Construction Brick
Total Units 5
Lot SqFt 1,807
Cooling Wall/Window Unit(s)
Heat Source Baseboard, Other
Util Incl Cable Connected, Electricity Connected, Natural Gas Connected, See Remarks, Trash Collection Public, Water Connected
Days On Market 83
Parking Features On Street
Tax Assessed Value 469350
Units 5
School District Queens 28
Middle School Ms 358
Elementary School Ps 182 Samantha Smith
High School Hillcrest High School
Features First floor full bath, eat-in kitchen, high ceilings, natural woodwork, open kitchen, other, primary bathroom
Listing information courtesy of: Apple Realty Group Corp

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Fax: 718-896-7020

 

 

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