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84-45 Jamaica Ave
Jamaica, NY 11421
Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Fully occupied mixed-use building with dual income streams
- Located steps from J/Z subway station and major bus lines
- Additional development rights offer future upside
- Month-to-month leases offer repositioning flexibility
- Surrounded by dense residential and retail activity
- Projected NOI of $84,119 with strong rent growth potential
EXECUTIVE SUMMARY
RIPCO REAL ESTATE has been retained on an exclusive basis to arrange for the sale of 84-45 JAMAICA AVENUE, Woodhaven, NY 11421 (the “Property”) - a fully leased, 3-story mixed-use building with a garage.
84-45 Jamaica Avenue is a 3-story mixed-use building that features a ground-floor retail unit that is currently occupied on a month-to-month bases. In addition, the second and third floors are comprised of residential units, both are currently leased month-to-month.
The property is located along Woodhaven’s most trafficked corridor, and offers investors an opportunity to benefit from mixed income streams. Woodhaven’s limited commercial inventory and steady residential growth create a compelling value-add or long-term hold opportunity. Local demand in this area remains strong, supported by limited nearby competition and a stable, working-class community. Additionally, the property benefits from excellent connectivity, as it is located just steps away from the J/Z subways lines at 85th Street-Forest Parkway and is served by multiple bus routes along Jamaica Avenue.
For more information, please contact the exclusive brokers directly.
84-45 Jamaica Avenue is a 3-story mixed-use building that features a ground-floor retail unit that is currently occupied on a month-to-month bases. In addition, the second and third floors are comprised of residential units, both are currently leased month-to-month.
The property is located along Woodhaven’s most trafficked corridor, and offers investors an opportunity to benefit from mixed income streams. Woodhaven’s limited commercial inventory and steady residential growth create a compelling value-add or long-term hold opportunity. Local demand in this area remains strong, supported by limited nearby competition and a stable, working-class community. Additionally, the property benefits from excellent connectivity, as it is located just steps away from the J/Z subways lines at 85th Street-Forest Parkway and is served by multiple bus routes along Jamaica Avenue.
For more information, please contact the exclusive brokers directly.
PROPERTY FACTS Under Contract
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
3,135 SF
Building Class
C
Year Built
1931
NOI
$67,869 CAD
Percent Leased
100%
Building Height
3 Stories
Building FAR
1.52
Lot Size
0.05 AC
Zoning
R3-1 - Low density residential district
Frontage
19’ on Jamaica Ave
AMENITIES
- Bus Line
- Commuter Rail
- Metro/Subway
PROPERTY TAXES
| Parcel Number | 08853-0104 | Improvements Assessment | $47,147 CAD |
| Land Assessment | $11,800 CAD | Total Assessment | $58,946 CAD |
PROPERTY TAXES
Parcel Number
08853-0104
Land Assessment
$11,800 CAD
Improvements Assessment
$47,147 CAD
Total Assessment
$58,946 CAD
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