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Vacant Building

139-37 Jamaica Avenue

139-37 Jamaica Ave, Queens, NY 11435

Listing Price: $1,300,000

Cap Rate
2.37%
Number of Units
2
Gross SF
2,280
Price/Gross SF
$570.18

Investment Overview

The offering is a 2,280 square foot mixed-use building located on Jamaica Avenue in Jamaica (Queens) NY. The property features 1,140 square feet of retail space on the ground floor and a recently gut-renovated two-bedroom apartment on the second floor. It offers 19 feet of frontage along Jamaica Avenue and is just three blocks from the LIRR Jamaica Station, the Sutphin Blvd-Archer Av-JFK Airport Station (serving the E, J, and Z trains), and the Jamaica AirTrain.

The retail space is currently leased to On The Way Convenience, which has occupied the location since August 2023. They hold a lease through July 2028 with a five-year renewal option. Starting in August 2025, the retail tenant’s rent will increase by 12%. They are responsible for their own utilities and 100% of any increase in real estate taxes above the base year of 2022/2023. The property sits on a 1,520 square foot lot, zoned R6A, C2-4, with a Floor Area Ratio (FAR) of 3.

Investment Highlights

  • Brand new renovated two bedroom apartment
  • 19 Feet of frontage on Jamaica Avenue
  • Value add opportunity

Exclusively Listed By

Vacant Building

139-37 Jamaica Avenue

Listing Price: $1,300,000

Cap Rate
2.37%
Number of Units
2
Gross SF
2,280
Price/Gross SF
$570.18

Investment Highlights

  • Brand new renovated two bedroom apartment
  • 19 Feet of frontage on Jamaica Avenue
  • Value add opportunity

Investment Overview

The offering is a 2,280 square foot mixed-use building located on Jamaica Avenue in Jamaica (Queens) NY. The property features 1,140 square feet of retail space on the ground floor and a recently gut-renovated two-bedroom apartment on the second floor. It offers 19 feet of frontage along Jamaica Avenue and is just three blocks from the LIRR Jamaica Station, the Sutphin Blvd-Archer Av-JFK Airport Station (serving the E, J, and Z trains), and the Jamaica AirTrain. The retail space is currently leased to On The Way Convenience, which has occupied the location since August 2023. They hold a lease through July 2028 with a five-year renewal option. Starting in August 2025, the retail tenant’s rent will increase by 12%. They are responsible for their own utilities and 100% of any increase in real estate taxes above the base year of 2022/2023. The property sits on a 1,520 square foot lot, zoned R6A, C2-4, with a Floor Area Ratio (FAR) of 3.

Exclusively Listed By

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