Listed by Schuckman Realty Inc
$2,280,000
Mixed-Use Owner-User Opportunity
Details
Property Type Mixed Use
Square Footage 3,440
Tenancy Multi
Pro-Forma Cap Rate 6.00%
Pro-Forma NOI $136,837
Year Built 1931
Year Renovated 2021
Lot Size (SqFt) 1,840
Zoning R6A, C1-4
Ground Lease No
Premium Mixed-Use Owner-User Opportunity
Marketing description
Renovated Owner/User Opportunity at 92-03 Jamaica Ave., Woodhaven, NY 11421 offers a rare chance to acquire a beautifully upgraded mixed-use asset in the heart of a busy Queens retail corridor. This 3-story, 3,640 SF property features one commercial unit and two residential apartments, creating an ideal live/invest structure for owner-users and investors alike.
Extensively renovated in 2021, the property includes a premium office build-out with over $350,000 invested, modern systems, high-end finishes, and a finished basement—delivering true move-in-ready quality with no immediate capex required. The commercial space, currently configured as a law office, will be delivered vacant, making it perfect for businesses seeking a polished flagship presence.
Above, the property includes two income-producing residential units: one 2-bedroom/1-bath and one 3-bedroom/1-bath apartment, helping offset occupancy costs with stable in-place revenue. Located just one block from the Woodhaven Blvd J/Z station, the site offers direct access to Midtown and Lower Manhattan and benefits from strong surrounding retail activity along Jamaica Avenue.
A compelling opportunity to own, occupy, and generate income in one of Woodhaven’s most active commercial locations.
Investment highlights
Highlights
- Extensively renovated in 2021 with $350,000+ invested in the office build-out
- Premium finishes and modern systems, move-in ready with no capex required
- 1 block to Woodhaven Blvd J/Z, direct access to Midtown and Lower Manhattan
- Ideal for owner-users: operate your business from a fully renovated office while residential tenants pay down your basis
Listing Contacts
Listed by Schuckman Realty Inc
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