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9703 101st Ave
Jamaica, NY 11416
Office Property For Sale
Investment Highlights
- Located on 101st Avenue in Jamaica, Queens, within walking distance to A, J, Z subway lines and multiple bus routes, offering excellent connectivity.
- Surrounded by national retailers such as Stop & Shop, CVS, Dunkin’, and local dining options, ensuring strong consumer traffic and visibility.
Executive Summary
SP Capital Group is pleased to offer this fully occupied 2-story commercial building located in the highly sought-after Ozone Park neighborhood of Queens. The building spans 3,000 square feet, with two commercial units generating stable income. The property offers significant upside potential, with both tenants expressing interest in renewing their leases.
Key Features:
Location: This property is ideally situated at the corner of 97th St and 101st Ave, just steps away from a variety of restaurants, shops, markets, schools, and national retailers. The property also enjoys easy access to public transportation, including the A train, enhancing its appeal to both tenants and customers.
Tenant Mix: The building is fully occupied, with a dentist on the second floor under a lease expiring in 2027 and a party hall on the first floor under a month-to-month lease. The tenants are responsible for utilities and maintenance, while the landlord only covers taxes and insurance.
Strong Income: The property generates a total annual income of $76,800, with a Net Operating Income (NOI) of $50,182. This presents an attractive return on investment for potential buyers.
Recent Renovation: The retail space has been fully renovated.
Development Potential: The lot size is 2,500 square feet, with an R6B/C2-3 zoning designation, offering development potential in a growing area of Queens.
Asking Price: $1,100,000
Key Features:
Location: This property is ideally situated at the corner of 97th St and 101st Ave, just steps away from a variety of restaurants, shops, markets, schools, and national retailers. The property also enjoys easy access to public transportation, including the A train, enhancing its appeal to both tenants and customers.
Tenant Mix: The building is fully occupied, with a dentist on the second floor under a lease expiring in 2027 and a party hall on the first floor under a month-to-month lease. The tenants are responsible for utilities and maintenance, while the landlord only covers taxes and insurance.
Strong Income: The property generates a total annual income of $76,800, with a Net Operating Income (NOI) of $50,182. This presents an attractive return on investment for potential buyers.
Recent Renovation: The retail space has been fully renovated.
Development Potential: The lot size is 2,500 square feet, with an R6B/C2-3 zoning designation, offering development potential in a growing area of Queens.
Asking Price: $1,100,000
Property Facts
Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
3,000 SF
Building Class
B
Year Built
1925
Price
$1,444,170 CAD
Price Per SF
$481.39 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
1,500 SF
Building FAR
1.21
Lot Size
0.06 AC
Zoning
R6B, C2-3 - Medium density residential district
Amenities
- 24 Hour Access
Property Taxes
| Parcel Number | 09073-0046 | Improvements Assessment | $259,336 CAD |
| Land Assessment | $76,890 CAD | Total Assessment | $336,226 CAD |
Property Taxes
Parcel Number
09073-0046
Land Assessment
$76,890 CAD
Improvements Assessment
$259,336 CAD
Total Assessment
$336,226 CAD
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