$1,480,000
Excellent owner-user opportunity on Jamaica Avenue in Richmond Hill [NOI $93,613.15] [Current Rent Revenue $111,231.36] [Tax $10,557.56/Per Year]. This mixed-use property features a prominent ground-floor commercial space with two residential units above, creating an attractive combination of business use and residential convenience. The commercial component offers an opportunity for an owner to operate or establish a business at street level while occupying one of the residential units above. The upper units may also be suitable for long-term company-leased executive or employee accommodations, subject to applicable laws, permitted use, and required approvals. With its versatile commercial and residential configuration, the property offers both immediate functionality and future income-growth potential. All uses and property information should be independently verified by the purchaser. 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
6
Beds
⋅
5
Baths
⋅
11878328
MLS
113-10 Jamaica Ave, New York