85-05 Jamaica Ave, Queens, NY 11421

Building Details

Year Built

1931

Listing agent Jiangwei Zhou License #NY 10301217378

Listing office eXp Commercial

Listing date Aug 23, 2023

Source Crexi

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

All listing content including descriptions, pricing, images are the copyrighted material of eXp Commercial

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Overview

This mixed-use property features three units and is located on Jamaica Avenue. The street-level storefront offers 2000 square feet of space, suitable for retail ventures or leasing opportunities. The property also includes two apartments located on the second floor. The property's R6A zoning offers potential buildable options. Situated next to the J/Z 85th Street train station, the location provides high visibility and foot traffic. The property is designed to accommodate both personal and professional aspirations, allowing owners to live above their retail space or lease it out for additional income. The current cap rate is 6%, and the pro forma cap rate is 7.5%.

Suggested Use

Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Gym & Fitness Center Grocery & Convenience Store

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

• Map
• Local Demand

City

Queens

County

Queens

State

New York

Longitude

-73.8588

Latitude

40.6933

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FAQs

What type of property is this?

Mixed-use property - Mixed-use property with retail storefront and two apartments.

Where is this mixed-use property located?

The property is located at 85-05 Jamaica Ave Queens, NY.

What is the asking price?

The asking price for this property is $1,580,000.

What are key features of this property?

This property features: Prime location on Jamaica Ave with high visibility and foot traffic.; Mixed‑use property with a **2000 sqf street‑level storefront** suitable for retail or leasing.; Two apartments on the 2nd floor offer living or additional income potential.