106-25 Guy R Brewer Blvd Jamaica, NY 11433

Property Details for 106-25 Guy R Brewer Blvd

Year built

2022

Lot size

0.09 lot acres

Property size

10,324 SF

Zone code

R5D

Property type

Retail residential properties

APN

10161-0058

APU

101610058

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 and maximizing return on investment. Tenants are responsible for their own utilities, minimizing landlord responsibilities. Financial projections indicate a strong net operating income (NOI) of $336,000. This prime location offers unparalleled convenience, situated next to York College and just two blocks from the Jamaica Center Train Station. Proximity to a wide array of community amenities further enhances its appeal. The property is also available for purchase as a package deal with an adjacent, identically configured building (106-29 Guy R Brewer Blvd), presenting a compelling opportunity for significant portfolio expansion. The asking price is $4,795,000, representing a price per square foot of $419.98. 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 property with significant long-term potential.

Location Insight

City

Jamaica

County

Queens

State

New York

Longitude

-73.7928

Latitude

40.6991

CBSA code

35620

CBSA name

NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments