214-55 Jamaica Ave Queens, NY 11428

This exceptional mixed-use property in Queens, NY, presents a compelling investment opportunity. The 3,175 square foot building, situated on a 2,333 square foot lot, boasts a strong 8.33% cap rate and a substantial net operating income (NOI) of $124,910. The property features two free-market apartments, a retail store currently under a lease (with the tenant seeking a 10-year renewal contingent on buyer approval), and 2,000 square feet of finished commercial office space. A full basement, half-bath, and kitchen are included. Recent renovations (2023) encompass a new roof, hot water tank, and the installation of four electric meters. The property is zoned R3-2, C1-2, offering flexibility for future use. The asking price is $1,499,000, translating to $472.13 per square foot. Financial highlights include a gross income of $157,000 and a net income of $125,000, delivered 100% occupied. This two-story building at 214-55 Jamaica Avenue, Queens, NY 11428, offers a rare blend of income generation and potential for future appreciation. The property's strong financials, recent renovations, and desirable location make it an attractive investment for both owner-users and passive investors.