11702 Jamaica Ave
Richmond Hill, NY 11418
Immeuble residentiel Propriété À vendre · 2 Unités

Corner mixed-use investment property located at 117-02 Jamaica Ave, Richmond Hill, NY 11418, offering strong in-place income, long-term tenancy stability, and a solid cash flow profile with a corner location and strong street visibility. The property generates approximately $140,580 in gross annual income, consisting of a ground-floor commercial unit at $5,250/month plus $200/month parking income, and two residential units (4-bedroom at $3,750/month and 3-bedroom at $2,515/month). The commercial tenant has approximately 15 years remaining on the lease and contributes to operating expenses, while residential tenants pay electricity, with the landlord covering certain utilities.
Annual Expenses:
- Real Estate Taxes: $10,500/year (33% reimbursed by commercial tenant)
- Insurance: $4,800/year (33% reimbursed by commercial tenant)
- Water: $2,400/year (30% reimbursed by commercial tenant)