114-15 Jamaica Ave, Jamaica, NY 11418
5,632 SF | 100% Leased | Retail Building | Jamaica, NY 11418 | $1,550,000 ($275/SF) | 12% Cap Rate
For Sale
Active
- Date Added:
- September 16, 2024
- Days on Market:
- 2 days
Asking Price $1,550,000
- Property Type
-
Retail
- Square Feet
- 5,632 SF
- Price / Square Foot
- $275
Listing Contacts
Dan White
Verified Profile
- Property Info
Property Overview
Remax City Square And Oxford Property Group Has Been Retained To Exclusively Represent 114-15 Jamaica Avenue -
A 2 Residential Unit And 1 Commercial Unit Mixed Use Building Priced Significantly Well. Located On A Prime Block That Is In The Center Of Richmond Hill, 114-15 Jamaica Avenue grants the owner the ability to own this fantastic location that has demonstrated tremendous appreciation over the last decade.
Priced At Only $1,550,000.00, 114-15 Jamaica Avenue - is built three stories high and spans over 5,493 square feet with four apartments per residential floor . With a 20FT x l00FT lot size, this building has an extremely large plot size unlike other buildings in this price range.
Building also comes with an extremely high cash flowing well established laundromat business that brings a net income of over $157,000.00 per year!
Current Ownership Has Maintained The Common Areas In Great Condition.
A 2 Residential Unit And 1 Commercial Unit Mixed Use Building Priced Significantly Well. Located On A Prime Block That Is In The Center Of Richmond Hill, 114-15 Jamaica Avenue grants the owner the ability to own this fantastic location that has demonstrated tremendous appreciation over the last decade.
Priced At Only $1,550,000.00, 114-15 Jamaica Avenue - is built three stories high and spans over 5,493 square feet with four apartments per residential floor . With a 20FT x l00FT lot size, this building has an extremely large plot size unlike other buildings in this price range.
Building also comes with an extremely high cash flowing well established laundromat business that brings a net income of over $157,000.00 per year!
Current Ownership Has Maintained The Common Areas In Great Condition.
Property Details
- Class
- B
- Year Built
- 1931
- Stories
- 3
- Property Subtype
- Storefront Retail/Residential
- Lot Size (sq. ft)
- 2,178 SF
Highlights
- Fully turnkey laundromat
- Extremely high cash flow
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