121-02 Jamaica Avenue, Jamaica, NY 11418
$8,600,000
List Price
Off Market
Listing ID |
11116031 |
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Property Type |
Commercial Building |
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County |
Queens |
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Township |
Queens |
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Single Story Corner Building with 280 Ft of Wraparound Frontage
121-02 Jamaica Avenue is a 17,293 Sq. Ft. single-story retail building in the Richmond Hill section of Queens. The property measures 157' x 123' (Irregular) and is located on the corner of 121st Street and Jamaica Avenue. There is 280 Ft of wraparound frontage. It is located in a R6A, C2-4 zone and comes with an additional 34,586 Sq. Ft. of air rights. There are currently (2) tenants in the space, however one of the the tenants will vacate at closing. The building will be delivered with (1) tenant occupying the front of the building, whose lease expires on 12/31/25. The back unit (11,587 Sq. Ft.) will be delivered vacant. 87-15 115th Street Avenue is located at the 121st Street J/Z Subway Stop on Jamaica Avenue. Jamaica Avenue in Richmond hill commands retail rents of approximately ~$55 PSF, with corner spaces commanding slightly higher. This property is conveniently located in front of the 121st Street J/Z Subway Stop, which should be attractive to future tenants.
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- 17293 SF Lot
- Built in 1931
- 1 Story
- Available 10/21/2022
- Gross Income $994,290
- Net Income $812,377
- Operating Exp $29,828
- Management Exp $28,933
- Maintainence Exp $5,000
- Insurance Exp $20,000
- Total Exp $152,083
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Landair Property Advisors, LLC
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Listing data is deemed reliable but is NOT guaranteed accurate.
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