7901 Jamaica Ave
Woodhaven, NY 11421
Corner Mixed-Use Building with Air Rights · Retail Property For Sale

Cushman & Wakefield has been retained on an exclusive basis for the sale of 79-01 Jamaica Avenue in Woodhaven, Queens. The corner mixed-use building consists of two (2) retail units, two (2) apartments on the 2nd & 3rd floors, four (4) garage/storage spaces, and a lower level office/storage space. The retail units are currently occupied with one month-month tenant and one unit leased to 2020. The residential units offer immediate upside with the 2nd floor unit occupied month-month, and the 3rd floor unit delivered vacant. The garage and lower level office space is currently occupied by ownership and will be delivered vacant. Tenants pay for their own heat, electricity and hot water. The property offers an investor or a user a well-located property with strong corner exposure. The building will offer a steady cash flow with it’s current improvements. However, there is room to grow the income by repositioning the retail, renovating and/or subdividing the apartments, or taking advantage of the remaining air rights. The property is situated on the northeast corner of 79th Street and Jamaica Avenue in between the J & Z train at 75th St / Jamaica Ave and 85th St. / Forest Parkway. Property inspections are by appointment only. Please inquire within.