About 111-25 Jamaica Avenue
This is a mixed use property with 2 retail stores and 2 residential units. All open market. Deli pays $3100 (Have 3 years left) 3% Escalation per year Plus increase of real estate tax Restaurant pays $4800 (Have 7 years left) 3% Escalation per year Plus increase of real estate tax 1 Bedroom pays $1700 have 10 months left 2 Bedroom pays $2550 have 11 months left Taxes around $18,000 Insurance around $4000 Water & Sewer around $4000 Repairs $2000 All tenants have direct meter and pay for their electricity and gas/heat. Gross Income is $145,800 Expenses are $28000. Net income is around $117,800 7.3% cap at the asking price Have additional air rights
Features of 111-25 Jamaica Avenue
| MLS® # | H6310943 |
|---|---|
| Price | $1,587,000 |
| Bathrooms | 0.00 |
| Internal Footage | 3,283 |
| Acres | 0.04 |
| Year Built | 1931 |
| Type | Commercial Sale |
| Sub-Type | Multi Family |
| Status | Active |
Community Information
| Address | 111-25 Jamaica Avenue |
|---|---|
| City | Richmond Hill |
| County | Queens |
| State | NY |
| Zip Code | 11418 |
Amenities
| Parking | On Street |
|---|---|
| Is Waterfront | No |
| Has Pool | No |
Interior
| Heating | Baseboard, Natural Gas |
|---|---|
| Cooling | None, Wall/Window Unit(s) |
| Fireplace | No |
| Has Basement | No |
Additional Information
| Date Listed | June 4th, 2024 |
|---|---|
| Days on Market | 342 |
| Zoning | R6A/C2-4 |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Listing Provided Courtesy of | HomeCoin.com |
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