About 111-25 Jamaica Avenue
This is a mixed use property with 2 retail stores and 2 residential units. All open market. Deli pays $3100 (Have 3 years left) 3% Escalation per year Plus increase of real estate tax Restaurant pays $4800 (Have 7 years left) 3% Escalation per year Plus increase of real estate tax 1 Bedroom pays $1700 have 10 months left 2 Bedroom pays $2550 have 11 months left Taxes around $18,000 Insurance around $4000 Water & Sewer around $4000 Repairs $2000 All tenants have direct meter and pay for their electricity and gas/heat. Gross Income is $145,800 Expenses are $28000. Net income is around $117,800 7.3% cap at the asking price Have additional air rights
Features of 111-25 Jamaica Avenue
| MLS® # | H6310943 |
|---|---|
| Price | $1,587,000 |
| Bathrooms | 0.00 |
| Square Footage | 3,283 |
| Acres | 0.04 |
| Year Built | 1931 |
| Type | Commercial |
| Sub-Type | Multi Family |
| Status | Active |
Community Information
| Address | 111-25 Jamaica Avenue |
|---|---|
| City | Richmond Hill |
| County | Queens |
| State | NY |
| Zip Code | 11418 |
Additional Information
Listing Details
| Office | HomeCoin.com |
|---|---|
| Office Contact | (888) 400-2513 |