23737 Jamaica Ave Jamaica, NY 11426-1050
- Retail residential properties
- 3,080 SF
- 0.06 lot acres
Current Use by Public Records
- Atlas Homebuyers of NY Inc / Real Estate Agency
Property Details for 23737 Jamaica Ave
- Year built
- 1928
- Lot size
- 0.06 lot acres
- Property size
- 3,080 SF
- Zone code
- R3-2
- Property type
- Retail residential properties
- APN
- 08000-0002
- APU
- 80000002
Description
This exceptional mixed-use property at 23737 Jamaica Avenue in Bellerose, New York, presents a compelling investment opportunity. The building features three commercial spaces/stores on the ground floor, ideal for owner-occupancy or leasing to multiple tenants. Above the commercial units are two two-bedroom apartments, providing additional income streams. The property boasts six parking spaces located at the rear, a significant advantage in this area. Its corner location on Jamaica Avenue offers excellent visibility and accessibility. The building is constructed of brick and includes a full basement, providing ample storage space. Situated just a few blocks from the Cross Island Parkway and minutes from major highways, this location offers unparalleled convenience for commuters. The property's proximity to Belmont Park and UBS Arena, along with numerous restaurants, supermarkets, and other amenities such as Starbucks and Dunkin' Donuts, further enhances its appeal. Public transportation is readily available, with bus service at the corner, the Bellerose LIRR approximately 2.1 miles away, and the Jamaica-179 Street Subway Station accessible via a roughly 20-minute bus ride. This property is situated near the Nassau County border. The listed price is $2,177,000. All measurements and square footage are approximate
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $375,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $330,000
- 6.5%
- $340,000
- 7%
- $360,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $345,000
- Geo Method
- $370,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $350,000
- Retail
- $335,000
- Mixed-Use
- $355,000
- Hospitality
- $280,000
- Educational
- $355,000
- Residential Income
- $285,000
- Energy
- $340,000
- Income-Based Land
- $310,000
- Food Service
- $280,000
Location Insight
- Map
- Local Demand
- City
- Jamaica
- County
- Queens
- State
- New York
- Longitude
- -73.7284
- Latitude
- 40.7233
- CBSA code
- 35620
- CBSA name
- NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
