9022 161st Street
About this property
Mixed use residential and commercial building in the heart of Jamaica. Prime Investment Opportunity - Ideal for 1031 Exchange Buyers - Free Market 5-Unit Mixed-Use PropertyMixed-use brick building located in the heart of Jamaica, Queens featuring 1 commercial store and 4 residential apartments, offering strong income potential and flexibility for both investors and end users.The first-floor commercial space is leased to a restaurant tenant at $5,600/month, plus 35% of annual property taxes as additional rent. The commercial space can be delivered with the existing tenant in place for immediate income or vacant at closing for an owner-user. Second Floor: Rear 1-bedroom (1 bath) rented at $2,000/month and front 2-bedroom (1 bath) rented at $2,300/month.Third Floor: 3-bedroom unit (2 baths) rented at $3,000/month. Fourth Floor: 3-bedroom unit (2 baths) rented at $2,600/month.Second- and third-floor residential units can be delivered vacant. The fourth-floor apartment is tenant-occupied.Strong income-producing property with approximately $203,000 in gross annual rent. Constructed with solid brick, the building offers long-term stability and strong fundamentals for both buy-and-hold investors and value-add strategies. Building Dimensions: 25.76 x 65 and Lot: 25.76 x 70.13 , Zoning : C4-4DJust steps from Jamaica Center. Close to Target, Burlington, H&M, Marshalls, Shake Shack, Chipotle, Starbucks, supermarkets, banks, restaurants, and many other shopping and dining options.Conveniently located near the Jamaica Center-Parsons/Archer Station with access to the E, J, and Z subway lines, the LIRR, AirTrain JFK, and multiple bus routes, providing easy access to Manhattan, Long Island, and JFK Airport.
About this property
Mixed use residential and commercial building in the heart of Jamaica. Prime Investment Opportunity - Ideal for 1031 Exchange Buyers - Free Market 5-Unit Mixed-Use PropertyMixed-use brick building located in the heart of Jamaica, Queens featuring 1 commercial store and 4 residential apartments, offering strong income potential and flexibility for both investors and end users.The first-floor commercial space is leased to a restaurant tenant at $5,600/month, plus 35% of annual property taxes as additional rent. The commercial space can be delivered with the existing tenant in place for immediate income or vacant at closing for an owner-user. Second Floor: Rear 1-bedroom (1 bath) rented at $2,000/month and front 2-bedroom (1 bath) rented at $2,300/month.Third Floor: 3-bedroom unit (2 baths) rented at $3,000/month. Fourth Floor: 3-bedroom unit (2 baths) rented at $2,600/month.Second- and third-floor residential units can be delivered vacant. The fourth-floor apartment is tenant-occupied.Strong income-producing property with approximately $203,000 in gross annual rent. Constructed with solid brick, the building offers long-term stability and strong fundamentals for both buy-and-hold investors and value-add strategies. Building Dimensions: 25.76 x 65 and Lot: 25.76 x 70.13 , Zoning : C4-4DJust steps from Jamaica Center. Close to Target, Burlington, H&M, Marshalls, Shake Shack, Chipotle, Starbucks, supermarkets, banks, restaurants, and many other shopping and dining options.Conveniently located near the Jamaica Center-Parsons/Archer Station with access to the E, J, and Z subway lines, the LIRR, AirTrain JFK, and multiple bus routes, providing easy access to Manhattan, Long Island, and JFK Airport.
Features and Additional Information
Presented By Smitchger Realty
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Brokerage: Apple Realty Group Corp
