Project Description

For Sale: Mixed-Use Building in Jamaica, NY

109-41 Francis Lewis Blvd, Jamaica, NY 11429

Executive Summary:

Price: $925,000
Building Size: 2,000 SF
Property Type: Retail & Apartments
Lot Size: 0.04 Acres
Year Built: 2004
Cap Rate: 5.43%
NOI: $50,256
Location: 109-41 Francis Lewis Blvd, Jamaica, NY 11429

Investment Highlights

  • 100% Leased Mixed-Use Building
  • Features Hair Salon on Ground Floor & Apartment Above
  • Hair Salon Has Been At Location For 10+ Years
  • Great Location Near Retail Amenities
  • Close to Walgreens, Domino’s Pizza, Supermarkets & Other Retail
  •  Next to Bus Lines That Connect to Jamaica Station

Investment Summary

American Investment Properties is retained to sell 109-41 Francis Lewis Blvd in Jamaica, New York. This property features one retail unit and one 2-bedroom apartment. The fully leased property sits on Francis Lewis Boulevard which is a thruway street which sees over 18,000 vehicles per day driving by.

In close proximity to this building is a Walgreen’s Pharmacy, Domino’s Pizza, various supermarkets, restaurants, and other retail businesses. The location is next to the Q77 and Q2 bus lines which provide direct connection to Jamaica’s transportation hub. The transportation hub allows for convenient travel to Manhattan or to Long Island railroad lines.

About Jamaica, NY

Jamaica is a middle-class neighborhood in the New York City borough of Queens. It is mainly composed of a large commercial and retail area, though part of the neighborhood is also residential.

Jamaica is bordered by Hollis to the east; St. Albans, Springfield Gardens, Rochdale Village to the southeast; and South Jamaica to the south; Richmond Hill and South Ozone Park to the west; Briarwood to the northwest; and Kew Gardens Hills, Jamaica Hills, and Jamaica Estates to the north.

Its best known as a transportation center connecting parts of NYC to John F. Kennedy International Airport, this enclave contains a patchwork of cultures and immigrants. There is a collection of international groceries and restaurants along Liberty Avenue.

Contact Broker

Ron Koenigsberg - Commercial Real Estate BrokerRon Koenigsberg, CCIM
President
Ron@aiprops.com
(O) 516.393.2300
(F) 516.390.5780

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