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Supermarket Retail - Queens, NY 84-33-84-37 Jamaica Ave 13,606 SF 100% Leased Retail Building Woodhaven, NY 11421 $8,208,000 CAD ($603.26 CAD/SF) 5.01% Cap Rate
Investment Highlights
- 11,800 SF Two-Story Retail Property in Woodhaven, Queens
- Ground Floor Leased to Newly Renovated Avocado Supermarket Through 2030
- 100 Percent Occupied by Two Long-Term Tenants
- 77 Feet of Retail Frontage Along Jamaica Avenue
Executive Summary
The subject offering is an 11,800-square-foot, two-story retail property with 77 feet of retail frontage along Jamaica Avenue in Queens’ Woodhaven neighborhood. The property is 100 percent occupied by two tenants, with the 7,800 square foot ground floor leased to Avocado Supermarket, on a lease that runs through 2030. The supermarket is brand-new and recently completed a full renovation prior to opening in Summer 2025.
The second floor is leased to May Kickboxing & MMA Academy, which have been operating in the neighborhood since 1992. They just executed a new five-year lease that runs through 2030. Both tenants have three percent annual increases, and both tenants reimburse for a proportionate share of real estate taxes. Ownership put a new roof on this property in 2024.
The second floor is leased to May Kickboxing & MMA Academy, which have been operating in the neighborhood since 1992. They just executed a new five-year lease that runs through 2030. Both tenants have three percent annual increases, and both tenants reimburse for a proportionate share of real estate taxes. Ownership put a new roof on this property in 2024.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
13,606 SF
Building Class
B
Year Built/Renovated
1965/2023
Price
$8,208,000 CAD
Price Per SF
$603.26 CAD
Cap Rate
5.01%
NOI
$411,566 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Slab To Slab
10’
Building FAR
1.64
Lot Size
0.19 AC
Zoning
R3-1/R6A - A contextual district where the Quality Housing bulk regulations are mandatory.
Frontage
78’ on Jamaica Ave
Amenities
- Bus Line
- Commuter Rail
- Metro/Subway
- Air Conditioning
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- Scaturro Super Market
- Accommodation and Food Services
- -
-
$9.99
-
Lorem Ipsum
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| Scaturro Super Market | Accommodation and Food Services | - | $9.99 | Lorem Ipsum | - |
Exceptionally walkable
100/100
Fairly drivable
50/100
Exceptional public transit
100/100
Moderately bikeable
70/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 08853-0109 | Improvements Assessment | $368,252 CAD |
| Land Assessment | $261,630 CAD | Total Assessment | $629,882 CAD |
Property Taxes
Parcel Number
08853-0109
Land Assessment
$261,630 CAD
Improvements Assessment
$368,252 CAD
Total Assessment
$629,882 CAD
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Supermarket Retail - Queens, NY | 84-33-84-37 Jamaica Ave
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