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99-02 212th St 2,534 SF 21% Leased Retail Building Jamaica, NY 11429 For Sale 7.67% Cap Rate
INVESTMENT HIGHLIGHTS
- New Stucco, Windows Newly Renovated
- Close to train, shopping & more
- Corner property, Great income, Full; basement
EXECUTIVE SUMMARY
Queens Village MINT Corner Legal 4 Family semi attached House Fully Rented with great Paying Tenants. Renovated Within the Last 5 Years from Top to Bottom. - One 3 Bedroom Apt, Two - 2 Bedroom Apts, and one - 1 Bedroom Apts. with an accessory unit. Lot size 20.17 ft x 106 ft Building size 20 ft x 72 ft R3-2 zone Great Income Opportunity Yearly Rent Roll $ 154,344.00 Expenses only $ 26,485 yr NOI $ $141,540 yr with upside & add on value - 7.67% Cap rate! Gas boiler gas water heater, sidewalk, sewer line, roof, 3 new water heaters All of the apartments have been updated roof was updated last year all brand new windows throughout the building stucco was done on the side of the building two years ago Selling Occupied with Paying Tenants. As Is. Clean- No violations!!! Parking in the back and full basement! One unit delivered vacant! Near Jamaica Ave, all stores & shopping plus transportation! Parking in the back and full basement! One unit delivered vacant! Near Jamaica Ave, all stores & shopping plus transportation! Call 7182889601
FINANCIAL SUMMARY (ACTUAL - 2025) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
Sale Type
Investment or Owner User
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
2,534 SF
Building Class
C
Year Built
1931
Cap Rate
7.67%
Percent Leased
21%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.88
Lot Size
0.07 AC
Zoning
R3-2 - R3-2
Frontage
Walk Score®
Very Walkable (85)
Transit Score®
Excellent Transit (77)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 10880-0045 | Improvements Assessment | $93,140 |
| Land Assessment | $34,390 | Total Assessment | $127,530 |
PROPERTY TAXES
Parcel Number
10880-0045
Land Assessment
$34,390
Improvements Assessment
$93,140
Total Assessment
$127,530
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99-02 212th St
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