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Property Description

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
Heating System:
Natural Gas, Baseboard
Cooling System:
None, Wall/window Unit(s)
Parking Features:
On Street
Address Map
City:
NY
State:
NY
County:
Queens
Property and Construction
Agent MlsId:
65028
Office MlsId:
HMCOIN
Number Of Units:
4
Water Source:
Other
Zoning:
R6A/C2-4
PhotosCount:
4

Commercial Sale For Sale

111-25 Jamaica Avenue, New York, NY

$1,587,000
Listing ID #H6310943
Basic Details
Property Type :
Commercial Sale
Property SubType :
Multi Family
Listing ID :
H6310943
Price :
$1,587,000
Bathrooms Total :
0
Building Area :
3,283 Sqft
Year Built :
1931
Status :
Active
Status :
Active
Listing Office :
Home Coin.com
Listing Agent :
Jonathan Minerick
Agent info
Kasner Properties
284 W Park Ave Long Beach, NY 11561
Contact Agent
Walkscore
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