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30097237
29858327

21480 - 215-02 Jamaica Avenue, New York, NY 11428 For Sale

MS
NY 10311207810
All Island Estates Realty Corporation
Listed by All Island Estates Realty Corporation
$3,800,000
147 days on market
Updated 7 days ago

21480 - 215-02 Jamaica Avenue

Details
APN 10759-0097
Property Type Mixed Use, Office
Sub Type Medical Office, Mixed Use (+1)
Units 2
NOI $779,064
Year Built 1924
Acreage 0.254
Zoning C8-1

Mixed Use

Marketing description

Calling All Investors, Developers & End-Users!!! 29,900+ Sqft. Free Standing Building With Private Gated Parking Lot On Jamaica Avenue For Sale!!! The Property Features Excellent Signage, Great Exposure, C8-1 Zoning, 46 Parking Spaces In A Private Lot, High 18’ Ceilings, Full Basement, 2 Lots, Multiple Roll-Up Doors, Elevator Bay, 3 Phase Power, Strategically Placed Curb Cuts, All New LED Lighting, CAC, +++!!! The Property Is Located In The Heart Of Queens Village Minutes From The Cross Island Pkwy., Belmont Racetrack & UBS Arena!!! The Property Has 165’ Of Frontage On Busy Jamaica Avenue!!! This Building Is Situated On A Huge 20,900+ Sqft. Lot & Was Built In 2021!!! Neighbors Include Capital One Bank, TD Bank, Jeep-Dodge-Ram, T-Mobile, Walmart, The Home Depot, Stop & Shop, Walgreens, Retro Fitness, Popeye’s Louisiana Kitchen, King Umberto’s, Wingstop, Wendy’s, +++!!! This Property Has A Daily Traffic Count Of 23,800+ Vehicles Per Day!!! The Entire Property Can Be Delivered Vacant If Need Be. This Property Offers HUGE Upside Potential!!! This Could Be Your Next Development Site Or The Next Home For Your Business!!! Income: 19,000+ Sqft. Building + Full LL & Parking Lot: $779,064 Ann. NNN. (Available) Pro Forma Gross Income: $779,064 Ann. Taxes: $77,723.68 Ann. Total Expenses: $0 Ann. Net Operating Income: $779,064 Ann. (Pro Forma 20.5% Cap!!!)
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Listing Contacts

MS
NY 10311207810
All Island Estates Realty Corporation
Listed by All Island Estates Realty Corporation

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Loan Amount
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Annual Debt Service
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Annual Cash Flow
$779,064.00
$64,922.00/mo

Valuation Metrics

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DSCR
20.5%
Cap Rate
20.5%
ROI

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