Vacant Building
139-37 Jamaica Avenue
139-37 Jamaica Ave, Queens, NY 11435
Listing Price: $1,300,000
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
Listing Price: $1,300,000
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
To view property details and documents, sign up for a free MyMMI account.
Explore exclusive listings, access research insights, and set up automated alerts for a personalized experience. Sign up now to elevate your property search.
