This mixed-use 3 units property on Jamaica Ave seamlessly blends commerce with comfort. Ideally suited for retail ventures, the street-level 2000 sqf storefront is the perfect canvas for your dream business or leasing opportunity, guaranteeing an attractive ROI. Above, you'll find two apartments on the 2nd floor. With its prime location on bustling streets, this gem ensures high visibility, incredible foot traffic, and unlimited potential. It's R6A zoning with potential buildable, right next to J/z 85 st train station. Live above your thriving retail space or lease it out for an added income stream. This is a rare find, exquisitely designed to maximize both your personal and professional aspirations. Dive into the dynamic synergy of city living! Don't miss this unique investment opportunity. Current cap rate is 6% and Pro Forma cap rate is 7.5%. Schedule your viewing today.
Listed by Jiangwei Zhou
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EXP Realty
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888-276-0630
Last updated April 12, 2025
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Source: OneKey #838650
Listing Facts
TypeMulti-family
NeighborhoodWoodhaven
Bedrooms3
Bathrooms3
Days on Prevu170
Taxes$5,790/year
Location
Mortgage Calculator
Listing History
03/21/2025
Listed by EXP Realty
$1,580,000
Estimated Closing Costs
Total
$56,742
Attorney Fees
$4,000
NYC Mansion Tax
$15,800
Title Insurance
$7,110
Bank Attorney
$1,500
Mortgage Recording Tax
$24,332
Other Closing Costs
$4,000
Estimated closing costs are based on the list price of $1,580,000 and a 20% downpayment. These estimates are for indicative purposes only. Actual closing costs may vary for each transaction. See the Closing Costs Calculator for calculations specific to your situation.
Property Details for 85-05 Jamaica Avenue
Association
Amenities
Association Amenities: Park
Exterior
Construction
Number Of Units Total: 2
Year Built: 1931
Architectural Style: Other
Construction Materials: Brick
Measurements
Building Area Units: Square Feet
Lot Features: Near Public Transit, Near School, Near Shops
Lot Size Dimensions: 20
Lot Size Square Feet: 2,035
Financial
Taxes
Parcel Number: 08859-0029
Tax Annual Amount: $5,790.00
Tax Year: 5790
Interior
Features
Interior Features: Eat-in Kitchen
Rooms
Basement: See Remarks, Full, Unfinished
Bathrooms Full: 3
Bathrooms Total Integer: 3
Bedrooms Total: 3
Other
Location
Tax Block: 8859
Tax Lot: 29
Parking
Parking
Parking Features: On Street
Schools
High School
High School: Epic High School-South
High School District: Queens 27
Middle or Junior School
Middle Or Junior School: John Adams High School
Utilities
Equipment
Cooling: Wall/Window Unit(s)
Heating: Other, Electric
Sewer: Public Sewer
Utilities: See Remarks
Water Source: Public
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