For Sale: Mixed-Use Buildings in Queens Village, NY

208-05 Jamaica Ave, Queens Village, NY 11428

Executive Summary:

Price:	$875,000
Building Size:	3,200 SF
Property Type:	Office
Lot Size:	0.05 Acres
Year Built:	1931
Cap Rate:	6.59%
NOI:	$57,700
Location:	208-05 Jamaica Ave Queens Village, NY 11428

Can be sold with 208-15 Jamaica Ave, Queens Village, NY as a portfolio.

Investment Highlights

Fully Occupied Mixed-Use Building
Prime Location on Jamaica Ave
High Traffic Counts
Located Near Various Highways and Bus Stops
Surrounded by Neighborhood Retail Including PepBoys & Popeyes

Overview

American Investment Properties is exclusively retained to sell 208-05 Jamaica Ave, Queens Village. At this location is a 3,200 SF
fully occupied mixed-use building. It consists of (1) retail unit & a (1) 3 bedroom apartment. The apartment tenants are currently paying under market rent. This is a great opportunity for higher apartment rents.

This building is situated in a prime location on Jamaica Ave, on a corridor of retail storefronts and some national credit tenants including
a Pep Boys and Popeyes. The Q110 bus line is close to the property which connects to Downtown Jamaica Train Station Hub, and Hempstead Train Station.

About Queens Village, NY

Queens Village is a mostly residential middle-class neighborhood in the eastern part of the New York City borough of Queens. It is bound by Hollis to the west, Cambria Heights to the south, Bellerose to the east, and Oakland Gardens to the north.

Shopping in the community is located along Braddock Avenue, Hillside Avenue, Hempstead Avenue, and Jamaica Avenue (NY 25), as well as on Springfield Boulevard. Located just east of Queens Village, in Nassau County, is the Belmont Park race track.

Close to the neighborhood are Cunningham Park and Alley Pond Park, as well as the historic Long Island Motor Parkway (LIMP), home of the turn of the century racing competition, the Vanderbilt Cup. The LIMP was built by William Kissam Vanderbilt, a descendant of the family that presided over the New York Central Railroad and Western Union; it is now part of the Brooklyn-Queens Greenway.