List Number:1234371010

List Date:2/11/2009

Modify Date:2/11/2009

Property Type:Retail

City/State/Zip:JAMIACA,  NY  

County:Queens

Size:7,440 SQ FT

The subject property is three contiguous brick mixed-use buildings with 60’ of frontage on Sutphin Boulevard between Lakewood Avenue and 108th Avenue in South Jamaica, Queens. This building strip includes three retail stores and six apartments including (3) two-bedroom apartments and (3) one-bedroom apartments. Sutphin Boulevard is a busy thoroughfare with convenient transportation between Rockaway Bouelvard and Liberty Avenue close to the Van Wyck Expressway and the Belt Parkway. The building has recently been updated including new hot water tanks, boilers, electric and plumbing. A great property for the current marketplace providing a solid income.
*8.5%+ Cap Rate & 9 Gross Rent Multiple at Asking Price!*
*Only $430,000 per Building at Asking Price!*