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120-09 Jamaica Avenue, Jamaica 12009 Jamaica Ave 3,000 SF Retail Building Jamaica, NY 11418 $1,592,175 CAD ($530.73 CAD/SF) 7% Cap Rate
INVESTMENT HIGHLIGHTS
- Fully-leased, Two-Story Mixed-Use Building - Recently leased commercial space with a two-bedroom apartment above.
- In Proximity to Major Employers & Institutions - Walking distance to Jamaica Hospital, LIRR, Kew Gardens Municipal offices, etc.
- Adjacent to 121st Street J&Z Subway Station - Provides easy and direct access to Brooklyn and Manhattan.
- 543-Acre Forest Park - Short walk to the 543-acre Forest Park including plenty of hiking trails, recreational fields, and the Forest Park golf course.
EXECUTIVE SUMMARY
RIPCO REAL ESTATE has been retained on an exclusive basis to arrange for the sale of 120-09 JAMAICA AVENUE — in Richmond Hill, Queens (the ‘Property’).
The Property is a two-story mixed-use building consisting of a recently renovated ground-floor retail space and a two-bedroom, two-bathroom apartment above. Fully-occupied and cash-flowing, the asset provides secure tenancy in place and long-term ownership appeal within a dynamic neighborhood corridor.
The Property is situated across the street from the J & Z subway station at Jamaica Avenue / 121st Street. Additionally, the Property will benefit from the construction of a brand new 692-seat elementary school located directly across the street.
With a newly upgraded retail space, existing residential tenants, and prime positioning along a busy corridor, this opportunity is ideally suited for investors seeking a secure mixed-use building in a well established neighborhood in Queens.
For additional information or to schedule a property inspection, please contact the Exclusive Brokers.
The Property is a two-story mixed-use building consisting of a recently renovated ground-floor retail space and a two-bedroom, two-bathroom apartment above. Fully-occupied and cash-flowing, the asset provides secure tenancy in place and long-term ownership appeal within a dynamic neighborhood corridor.
The Property is situated across the street from the J & Z subway station at Jamaica Avenue / 121st Street. Additionally, the Property will benefit from the construction of a brand new 692-seat elementary school located directly across the street.
With a newly upgraded retail space, existing residential tenants, and prime positioning along a busy corridor, this opportunity is ideally suited for investors seeking a secure mixed-use building in a well established neighborhood in Queens.
For additional information or to schedule a property inspection, please contact the Exclusive Brokers.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
3,000 SF
Building Class
C
Year Built/Renovated
1929/2024
Price
$1,592,175 CAD
Price Per SF
$530.73 CAD
Cap Rate
7%
NOI
$111,452 CAD
Tenancy
Single
Building Height
2 Stories
Building FAR
1.32
Lot Size
0.05 AC
Opportunity Zone
Yes
Zoning
C2-4, R6A - A zoning district that is primarily residential with commercial uses on the street level
Frontage
25’ on Jamaica Ave
Walk Score®
Walker's Paradise (92)
Transit Score®
Rider's Paradise (96)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 09274-0079 | Improvements Assessment | $30,156 CAD |
| Land Assessment | $9,153 CAD | Total Assessment | $39,309 CAD |
PROPERTY TAXES
Parcel Number
09274-0079
Land Assessment
$9,153 CAD
Improvements Assessment
$30,156 CAD
Total Assessment
$39,309 CAD
CONTACTS
-
Stephen Preuss -
Brian Whelan -
Kevin Schmitz -
Thomas Tyne -
Jonathan Auerbach -
Ripco Real Estate
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120-09 Jamaica Avenue, Jamaica | 12009 Jamaica Ave
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