Great opportunity to own a solid high income potential mixed-use building on the busy Jamaica Avenue in Queens Village. This three-unit property features a ground-floor retail space currently leased to a high-quality tenant through 2029 at $3,650/month with 3% annual increases, providing stable and growing cash flow.
Above the retail space are two spacious two-bedroom apartments, both of which will be delivered VACANT—offering flexibility for rental income or personal use. There is private yard space with room for parking, accessible via a shared gated driveway on 221st street.
The location is incredibly convenient, situated near multiple MTA bus lines, major highways, and just minutes from UBS Arena.
With super low annual taxes of only $5,985, this is a rare opportunity to own a turnkey investment in a prime, high-traffic area.
Investment
$5,985 Annual Tax
Built in 1931
MLS/Listing ID 843433
3 Units
Heating - Baseboard
Parking - Driveway
Parking - Private
Construction - Brick
High Ceilings
Listing Courtesy of EXP REALTY, MAHIR SADMAN SFR - 347-771-7288
Source of Data: ONEKEY MLS