10629 Guy R Brewer Blvd Jamaica, NY 11433
- Mixed-use properties
- 0.09 lot acres
Current Use by Public Records
- Mixed-use properties
Property Details for 10629 Guy R Brewer Blvd
- Year built
- 2024
- Lot size
- 0.09 lot acres
- Property type
- Mixed-use properties
Description
This exceptional investment opportunity presents a newly constructed (2024), four-story walk-up mixed-use building ideally situated in the heart of Jamaica, Queens. The property boasts ten residential units and one commercial unit, providing a diverse income stream. Seven convenient parking spaces are included, a significant advantage in this location. The building benefits from a substantial 25-year tax abatement, significantly reducing operating costs. All utilities are paid by tenants, minimizing landlord responsibilities. The property's financial performance is strong, with a projected net operating income (NOI) of $334,000. This translates to a price per square foot of $419.98. Its prime location offers unparalleled convenience, situated next to York College and just two blocks from the Jamaica Center Train Station. Proximity to numerous community amenities further enhances its appeal. This property presents a compelling investment opportunity, and there is also the option to purchase this building along with the adjacent property (106-25, with an identical layout) as a package deal, offering significant potential for scale and synergy. The 0.09-acre lot provides ample space for the building and its parking. This is a rare chance to acquire a high-performing, well-located mixed-use asset in a thriving area.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Jamaica
- County
- Queens
- State
- New York
- Longitude
- -73.793
- Latitude
- 40.6991
