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19740 Jamaica Ave 3,691 SF Specialty Building Offered at $2,424,980 at a 5% Cap Rate in Hollis, NY 11423
Investment Highlights
- NY Metro Location - 20 minutes from Manhattan
- High Performing Post Office Location - 94% Placer.AI Ranking
- The Subject Property is situated in the heart of Queens, strategically located within a 20 minute drive from Manhattan.
- 15 Year Occupancy History with Multiple Lease Extensions | The tenant has successfully operated at the property for 15 years
Executive Summary
Surmount is pleased to present the exclusive listing for an USPS located at 197-40 Jamaica Ave, Jamaica, NY 11423. The site consists of roughly 3,691 rentable square feet of building space onan estimated 0.24-acre parcel of land. This USPS is subject to a 5-year Double Net (NN) lease, which commenced 2/1/2011. The current annual rent is $121,249
Property Facts
| Price | $2,424,980 | Building Class | C |
| Price Per SF | $657.00 | Lot Size | 0.14 AC |
| Sale Type | Investment | Building Size | 3,691 SF |
| Cap Rate | 5% | No. Stories | 1 |
| Property Type | Specialty | Year Built | 1952 |
| Property Subtype | Post Office | Tenancy | Single |
| Zoning | R5 - Medium density residential and commercial district | ||
| Price | $2,424,980 |
| Price Per SF | $657.00 |
| Sale Type | Investment |
| Cap Rate | 5% |
| Property Type | Specialty |
| Property Subtype | Post Office |
| Building Class | C |
| Lot Size | 0.14 AC |
| Building Size | 3,691 SF |
| No. Stories | 1 |
| Year Built | 1952 |
| Tenancy | Single |
| Zoning | R5 - Medium density residential and commercial district |
Exceptionally walkable
90/100
Moderately drivable
70/100
Exceptional public transit
100/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 10828-0028 | Improvements Assessment | $190,620 |
| Land Assessment | $105,300 | Total Assessment | $295,920 |
Property Taxes
Parcel Number
10828-0028
Land Assessment
$105,300
Improvements Assessment
$190,620
Total Assessment
$295,920
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19740 Jamaica Ave
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