85-05 Jamaica Ave Queens, NY 11421
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Prime Queens location, high ROI potential.
Property Features for 85-05 Jamaica Ave
General Information
- Property type
- Retail space
- Class
- C
Building Details
- Year Built
- 1931
- Buildings
- 1
- Stories
- 2
- Units
- 2
Listing Agency: EXP Realty, LLC Listing Agent: Jiangwei Zhou
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
This exceptional mixed-use property at 85-05 Jamaica Avenue in Queens, New York, presents a compelling investment opportunity. The building, constructed in 1931, features a 3,100 square foot net rentable area spread across two stories. The property includes a ground-floor storefront ideally suited for retail use, currently configured as a grocery store, offering high visibility and significant foot traffic due to its prime location on Jamaica Avenue. Above the retail space are two residential units, providing an additional income stream. The property sits on a 2,035 square foot lot and is zoned R6A, offering potential for future development. The current Net Operating Income (NOI) is $94,836, resulting in a 6.00% capitalization rate. Pro forma projections indicate a 7.50% capitalization rate, showcasing significant upside potential. This is a rare opportunity to acquire a mixed-use property in a high-traffic area with strong potential for both retail and residential income. The property's proximity to the J/Z train station at 85th Street further enhances its appeal and accessibility. This investment offers a unique blend of immediate income generation and long-term growth prospects. The asking price is $1,580,000.
Property Profile
Location Intelligence
Current Use by Public Records
Isalis
(Bike/Boat/Book/etc) Store
Party City
Party Supply Store
Skunk Funk
Big Box & Wholesale Store
Carl's Trading Co
Hat Shop
Bushka's Kitchen LLC
(Bike/Boat/Book/etc) Store
Location Insight
- Map
- Local Demand
- City
- Queens
- County
- Queens
- State
- New York
- Longitude
- -73.8588484
- Latitude
- 40.6926874
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FAQs
What type of property is this?
Retail space - Prime Queens location, high ROI potential.
Where is this retail space 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: Mixed-use property at 85-05 Jamaica Avenue, Queens, NY.; 3,100 square foot net rentable area on a 2,035 square foot lot.; Ground floor retail space (currently a grocery store) with high visibility and foot traffic on Jamaica Avenue.
