Metro Commercial & Business Brokers, Inc.
Listed by Metro Commercial & Business Brokers, Inc.
$12,900,000
148-02 Jamaica Avenue
Details
Property Type Mixed Use, Office
Sub Type Storefront, Traditional Office
Net Rentable (SqFt) 15,000
Cap Rate 4.55%
NOI $587,000
Occupancy 100%
Buildings 1
Stories 2
Lot Size (SqFt) 8,700
Zoning C6-3
Mixed Use | 4.55% CAP
Marketing description
The site is located at the epicenter of intense new commercial and residential development. As of right zoning permits an up to 104,400 SF depending on use. Additionally the LIRR Jamaica Station, the subway at Jamaica Ave (E, J and
Z lines), at Hillside Ave (F line) and numerous Bus Lines (Q6, Q8, Q9, Q17, Q20A/20B, Q30, Q44, Q54, Q56, Q60 and
Q83) are all located near by just of the intersection of Sutphin Blvd. Minutes from Van Wyck Expressway. Site is
surrounded by national, regional and local companies.
Investment highlights
Fully Occupies with an NOI of $587,000. Zoning is C6-4 Future development rights up to 104,000 SF depending on use. Potential purchaser should consult their architect.
Listing Contacts
Metro Commercial & Business Brokers, Inc.
Listed by Metro Commercial & Business Brokers, Inc.
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$587,000.00
$48,916.67/mo
Valuation Metrics
0
DSCR
4.55%
Cap Rate
4.55%
ROI
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Property History
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