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917-544-8520

107-02 Guy R Brewer blvd , Jamaica, NY 11433

[Jamaica Real Estate, listing number 7095276]



Description: 7095276
   mixed-use property, located in the bustling Jamaica neighborhood of Queens, presents a prime opportunity for investors. The 1,822 sq. ft. building is situated on a corner lot (2,250 sq. ft.) and features a fully leased commercial space and two residential apartments, generating stable rental income. With a cap rate of 5.09% and an annual gross income of $71,700, this income-producing asset offers substantial upside potential. Residential tenants pay all utilities, including heat, hot water, cooking gas, and electricity, reducing operating costs. The property is close to public transportation, schools, shopping, and other key amenities, making it an attractive option for renters. For the 2,250 sq. ft. corner lot in an R5D zoning district with a Floor Area Ratio (FAR) of 2.0, the maximum buildable square footage is 4,500 sq. ft., representing the total space available for development on the property.
Property Features:
• Full basement for additional storage or potential future use
• Large yard suitable for parking rentals or further development
• Low operating expenses due to tenant responsibility for utilities (heat, hot water, cooking gas)
• Attractive financing options available, with no credit check or income verification required
Location Highlights:
• Situated in the vibrant Jamaica, Queens, area with strong commercial and residential demand
• Close proximity to public transportation, including major bus routes and subway access (2 & 5 trains)
• Surrounded by a variety of national and local retailers, banks, schools (P.S. 48Q, York College), and other conveniences
• Strong walkability score of 95/100 and increasing appreciation in property values in the area
Investment Potential: This property represents a stable, income-generating opportunity with considerable upside in a growing market. The commercial space is versatile, and the residential units offer strong rental demand. Low property taxes and manageable expenses enhance the property’s cash flow, making it ideal for both seasoned investors and those looking for a solid entry into the real estate market.

Details:
   Families: 2
   Bedrooms: 6
   Bathrooms: 2
   Property Type: 2 Story
   Square Feet: 1800
   Rooms: 9
   Lot Size: 2250

Financials:
   Price: $1,099,000

Alexander Plotkin

Click View Realty, LLC
Alexander Plotkin
Associate Real Estate Broker
Direct: 9175448520
Office: 917-544-8520

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