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$1,500,000
Est. payment /mo
4,000 SqFt
UPDATED:
Key Details
Property Type Mixed Use
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Square Footage 4,000 sqft
Price per Sqft $375
MLS Listing ID 498414
Year Built 1920
Annual Tax Amount $7,936
Property Sub-Type Mixed Use
Property Description
Prime Jamaica Avenue Mixed-Use Investment – Richmond Hill, Queens
Exceptional opportunity to acquire a 3-story brick mixed-use building located on a high-traffic retail block directly on Jamaica Avenue, near 126th Street, in the heart of Richmond Hill, Queens. This is a fully occupied, income-producing asset with strong upside and long-term redevelopment potential. The property consists of approximately 3,000 square feet above grade (1,000 SF per floor) plus a full 1,000 SF basement. Configuration includes ground-floor commercial space and two residential floors above.
Building Configuration: Ground Floor Commercial: Approx. 1,000 SF retail space currently occupied (barber shop), featuring four separate rooms, one bathroom, laundry area, and private enclosed backyard. Residential: Two free-market 3-bedroom / 1-bath apartments, each with separate kitchens, dining areas, and living rooms. Additional studio unit noted as income-producing. Basement: Full-height, approx. 1,000 SF, offering storage or future value-add potential. Key Features: Brick façade Building size: 20 ft × 50 ft Lot size: 20 ft × 92 ft Separately metered gas and electric for all units Zoning: R6A / C2-4 Additional buildable FAR approx. 1,527 SF New roof, boiler, and capital improvements completed in 2023 Low-maintenance building Private backyard Located in a major retail corridor with excellent visibility and foot traffic, the property is minutes from J, Z, and F subway lines, LIRR, JFK Airport AirTrain, and the future IBX transit line, making it highly attractive to both residential tenants and commercial users.
Offered as-is, this asset presents significant renovation and repositioning potential and is projected. Income, expenses, and NOI available upon request.
Exceptional opportunity to acquire a 3-story brick mixed-use building located on a high-traffic retail block directly on Jamaica Avenue, near 126th Street, in the heart of Richmond Hill, Queens. This is a fully occupied, income-producing asset with strong upside and long-term redevelopment potential. The property consists of approximately 3,000 square feet above grade (1,000 SF per floor) plus a full 1,000 SF basement. Configuration includes ground-floor commercial space and two residential floors above.
Building Configuration: Ground Floor Commercial: Approx. 1,000 SF retail space currently occupied (barber shop), featuring four separate rooms, one bathroom, laundry area, and private enclosed backyard. Residential: Two free-market 3-bedroom / 1-bath apartments, each with separate kitchens, dining areas, and living rooms. Additional studio unit noted as income-producing. Basement: Full-height, approx. 1,000 SF, offering storage or future value-add potential. Key Features: Brick façade Building size: 20 ft × 50 ft Lot size: 20 ft × 92 ft Separately metered gas and electric for all units Zoning: R6A / C2-4 Additional buildable FAR approx. 1,527 SF New roof, boiler, and capital improvements completed in 2023 Low-maintenance building Private backyard Located in a major retail corridor with excellent visibility and foot traffic, the property is minutes from J, Z, and F subway lines, LIRR, JFK Airport AirTrain, and the future IBX transit line, making it highly attractive to both residential tenants and commercial users.
Offered as-is, this asset presents significant renovation and repositioning potential and is projected. Income, expenses, and NOI available upon request.
Location
State NY
County Queens
Area Richmond Hill
Zoning R6A, C2-4
Rooms
Basement Full, Other
Interior
Interior Features None
Hot Water Gas
Heating Gas
Flooring Hardwood
Heat Source Gas
Exterior
Exterior Feature Brick
Roof Type Flat
Building
Story 2
Foundation Poured Concrete
Others
Energy Description Gas
Financing 1031 Exchange,Cash
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Listed by Brooklyn Real Property Inc.
NEARBY SCHOOL & BUSINESS
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Randy Reis
Team Leader | License ID: 40RE1176716
Team Leader License ID: 40RE1176716