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8505 Jamaica Ave
Woodhaven, NY 11421
Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Pro Forma CAP rate is 7.90% and projected rent roll is $132,000.
- Exposed Brick Walls.
- Heavy foot traffic.
- Mixed use.
EXECUTIVE SUMMARY
This mixed-use 3 units property on Jamaica Ave seamlessly blends commerce with comfort. Ideally suited for retail ventures, the street-level 2000 sqf storefront is the perfect canvas for your dream business or leasing opportunity, guaranteeing an attractive ROI. Above, you'll find two apartments on the 2nd floor. With its prime location on bustling streets, this gem ensures high visibility, incredible foot traffic, and unlimited potential. It's R6A zoning with potential buildable, right next to J/z 85 st train station. Live above your thriving retail space or lease it out for an added income stream. This is a rare find, exquisitely designed to maximize both your personal and professional aspirations. Dive into the dynamic synergy of city living! Don't miss this unique investment opportunity. Current cap rate is 6% and Pro Forma cap rate is 7.5%. Schedule your viewing today.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
3,200 SF
Building Class
B
Year Built
1931
Price
$1,580,000
Price Per SF
$493.75
Cap Rate
6.46%
NOI
$102,055
Percent Leased
38%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.47
Lot Size
0.05 AC
Zoning
R6A - A contextual district where the Quality Housing bulk regulations are mandatory.
Frontage
AMENITIES
- Bus Line
- Commuter Rail
- Metro/Subway
- Raised Floor
PROPERTY TAXES
| Parcel Number | 08859-0029 | Improvements Assessment | $25,897 |
| Land Assessment | $6,138 | Total Assessment | $32,035 |
PROPERTY TAXES
Parcel Number
08859-0029
Land Assessment
$6,138
Improvements Assessment
$25,897
Total Assessment
$32,035
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