Jamaica Real Estate

Jamaica Real Estate

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Newest Listings in Jamaica

$1,699,999
7 Beds 5 Baths 11920993 MLS
84-33 120th Street, Kew Gardens, NY 11415 An exceptional investment and end-user opportunity in the heart of Kew Gardens! This legal 2-family, all-brick home, built in 1973, sits on one of the largest lots in the neighborhood with an impressive 30' x 170' (approximately 5,600 sq. ft.) lot size. The property is currently configured as 3 bedrooms over 3 bedrooms over 1 bedroom, plus a full basement. Only the top-floor apartment is occupied by a long-term tenant paying $4,000 per month, which includes the attached garage and front driveway. The remaining apartments are vacant, providing immediate flexibility for an owner-occupant or investor to maximize rental income. In addition, the basement and detached garages are currently rented for storage by a separate tenant. Both existing tenants have an excellent history of on-time payments and would be happy to remain, offering immediate cash flow for an investor. Alternatively, the property can be delivered vacant if desired. Parking is truly unmatched, featuring an attached garage, a front driveway, an additional long private driveway running alongside the home, and a detached 3-car garage in the rear-a rare combination in Kew Gardens. For developers and investors, the property offers tremendous upside with R6B zoning, allowing for a maximum buildable area of approximately 10,464 square feet, while the existing structure is only about 3,100 square feet, leaving significant potential for future expansion (buyers should perform their own due diligence with an architect and the NYC Department of Buildings). Additional highlights include: Legal 2-family brick building Built in 1973 Approx. 5,600 sq. ft. lot (30' x 170') Approx. 3,100 sq. ft. existing building R6B zoning with substantial development potential Multiple garages and extensive off-street parking Annual property taxes of approximately $13,500 Excellent opportunity for investors, developers, or owner-occupants Whether you're looking for immediate rental income, a spacious multi-family home, or a property with exceptional long-term development potential, 84-33 120th Street is a rare offering that combines location, flexibility, and future upside.

84-33 120th Street, Kew Gardens

$1,580,000
3 Beds 3 Baths 11877548 MLS
Excellent owner-user opportunity on Jamaica Avenue [NOI $105,235], [Current Revenue $112,380], [Tax $7,145/per year]. This three-unit mixed-use property features an approximately 2,000-square-foot ground-floor commercial storefront with two residential apartments above. The street-level commercial space offers strong visibility and a flexible layout suitable for a variety of retail, office, or service-oriented businesses, subject to permitted use and applicable approvals. An owner-user may operate a business on the ground floor while occupying one of the residential units above, or lease the residential units for additional income. Conveniently located near the J/Z subway at the 85th Street-Forest Parkway station. The property is situated within an R6A zoning district and may offer additional development potential, subject to zoning analysis, lot conditions, and governmental approvals. This versatile property provides an attractive combination of commercial occupancy, residential use, and future income potential. Buyers should independently verify square footage, zoning, permitted uses, development rights, and all property information. Based on projected market rents, the residential component may offer additional income upside:• One-bedroom unit: approximately $2,200-$2,500 per month • Two-bedroom unit: approximately $2,500-$2,900 per month • Three-bedroom unit: approximately $3,200-$3,600 per month. All cap rates, income figures, expenses, market rents, and financial projections are estimates provided for informational purposes only. Prospective purchasers should independently verify all financial information, legal rents, occupancy status, permitted uses, zoning, certificates of occupancy, and applicable rent-regulation requirements.

8505 Jamaica Ave, Woodhaven

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