![[Jamaica Real Estate, listing number 7321287]](https://www.vlshomes.com/images/full/7321287a.jpg)
| Description: 7321287 | |
| Rare opportunity to purchase a fully occupied investment property with development potential located in the Downtown Jamaica special zoning district. The subject includes two lots with an approximate size of 4675 sq. ft. zoned R7X,C2-4. Five commercial plus seven residential, free market tenants make up this cash flowing asset with an NOI of 350K and an in place 5.84% cap rate. A corner property with tremendous visibility at the intersection of Queens Blvd. and Jamaica Ave. make this an incredible cash flow or development opportunity. Detailed income and expenses available upon request. | |
Details: |
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| Families: | 12 | |
| Property Type: | House | |
| Acres: | 0.11 | |
| Built: | 1931 | |
| School District: | Queens 28 | |
Financials: |
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| Price: | $5,990,000 | |
| Taxes: | $43,437 | |
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