84-45 164Th St, Jamaica, NY 11432
This exceptional investment opportunity presents a newly renovated 2,800 square foot grocery store located at 84-45 164th Street in Jamaica, Queens, New York. The property, built in 1931 and boasting a two-story structure, is currently vacant and offers significant potential for a new owner. The asking price is $135,000. The building comprises three units, providing ample space for a variety of retail uses. The previous tenant operated a deli for one year, indicating the viability of the location. The property includes a fully equipped kitchen with stoves and refrigerators, as well as seating for customers. A valuable basement provides additional storage space, and a backyard offers further utility. The property is situated in a high-traffic area, promising strong business potential. With a remaining lease term of five years, this presents a compelling opportunity for an investor seeking a strong return in a vibrant Queens neighborhood. The property's zip code is 11432. This is a turnkey operation ready for immediate occupancy.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.