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102-45 Jamaica Ave, Richmond Hill, NY 11418

$ 2,199,000

102-45 Jamaica Ave,

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Property Id : 25850
Price: $ 2,199,000
Rooms: 18
Bedrooms: 12
Bathrooms: 6
Year Built: 2007
Basement: Full Finished
Structure Type: Brick
Floors No: 4

About this property

Brick X-LG Mixed-Use 6 Family + Store w/ Private Parking for 3 Cars!

Built in 2007, this immaculately renovated brick building couldn’t be in a better location in Richmond Hill. This property offers a unique opportunity for investors looking for a terrific turn-key investment with more opportunity to increase the building’s income. 1 block to the J train; 5 blocks to highly revered Forest Park; 8 mins walk to Express buses into Manhattan on Woodhaven Blvd.

It features:
– 6 Apartments + 1 Commercial Store (Residential Rent-stabilized Units)
– All Apartments are newly renovated, very high ceilings, private balconies in each unit, tiled floors & granite countertops
– Apartments fully leased paying below market month to month
– Extra Large building! 2BR/1BTH layouts
– Commercial lease expired and is paying month to month
– High foot traffic; located on Jamaica Ave
– Fully finished Basement, HUGE opportunity to rent lower level as a medical office
– Opportunity to rent out 3 parking spaces
– Tenants pay ALL utilities, separate meters for each unit
– Roof done 1 year ago

Lot: 26.23 x 127.51 ft
Bld: 26 x 66 ft
Zoning: R6A, R4, C2-4
FAR: 2.47; Max FAR: 3
Taxes: $10,983/Yr

This is a fantastic opportunity with a HUGE UPSIDE! Current CAP: 6.2%!

Call TODAY for Complete Set Up!

*Disclaimer: All Information provided is deemed reliable but is not guaranteed and should be independently verified.

Amenities and Features

Other Features
back yard
fenced yard
gas heat
hardwood floors
High Ceilings

Robert Napolitano

President/ Real Estate Broker

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