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$1,200,000
Est. payment /mo
1,907 Sqft Lot
UPDATED:
Key Details
Property Type Mixed Use, Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
MLS Listing ID 1015781
Rental Info No
Year Built 1931
Annual Tax Amount $6,507
Lot Size 1,907 Sqft
Acres 0.0438
Property Sub-Type Mixed Use
Source onekey2
Property Description
Excellent mixed-use investment opportunity in the heart of Queens Village on busy Jamaica Avenue. This well-maintained property features one ground-floor commercial unit and two residential apartments on the second floor. The commercial space is occupied by an established laundromat paying $3,900/month plus 50% of the real estate taxes, with approximately 8 years remaining on the lease.
The second floor consists of two residential units. The front apartment is rented for $1,300/month. The rear apartment is currently occupied by the building superintendent and generates $1,000/month. Both residential units are month-to-month and can be delivered vacant, offering flexibility for owner occupancy or rental repositioning.
Property size is 18' x 106' with a building size of 18' x 55'. Annual real estate taxes are only $6,892. Conveniently located directly across from the Queens Village LIRR station with excellent visibility, heavy foot traffic, and easy access to transportation, shopping, restaurants, and major roadways. An ideal opportunity for investors seeking stable income with future upside potential.
The second floor consists of two residential units. The front apartment is rented for $1,300/month. The rear apartment is currently occupied by the building superintendent and generates $1,000/month. Both residential units are month-to-month and can be delivered vacant, offering flexibility for owner occupancy or rental repositioning.
Property size is 18' x 106' with a building size of 18' x 55'. Annual real estate taxes are only $6,892. Conveniently located directly across from the Queens Village LIRR station with excellent visibility, heavy foot traffic, and easy access to transportation, shopping, restaurants, and major roadways. An ideal opportunity for investors seeking stable income with future upside potential.
Location
State NY
County Queens
Rooms
Basement Full
Interior
Heating See Remarks
Cooling Wall/Window Unit(s)
Fireplace No
Exterior
Utilities Available Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Building
Sewer Public Sewer
Water Public
Structure Type Brick
Schools
High Schools Queens 29
School District Queens 29
Others
Special Listing Condition None
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Listed by Sany Realty Group LLC • Ren Wang
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Randy Reis
Team Leader | License ID: 40RE1176716
Team Leader License ID: 40RE1176716