57,325 SF Retail | Buildings For Sale
Market Price
162 11-17 Jamaica Avenue, Queens, NY
970,568
NOI
57,325 sqft
Building Size
Details:
Highlights:
- High foot traffic area
- Fantastic retail shopping corridor in the heart of Jamaica Avenue
- Taxes are $480,000 annually (contesting)
Description:
162-11/17 Jamaica Avenue is located in the new “Jamaica Neighborhood Plan”, a new rezoning that would create more housing and jobs across 300 blocks in Downtown Jamaica. There has also been an influx of residential development in the area with about 10,000 additional units to be added to the neighborhood by 2026.
With 50 feet of frontage, 162-11/17 Jamaica Avenue has been renovated and the space is all leased on the ground floor except for a few booths. Building Improvements includes new facade, windows, elevator and loading can be from 162nd Street driveway leading to the rear of building. Blocks from the Jamaica Long Island Railroad Station and the Jamaica Center - Parsons/Archer subway station which services over 12M riders annually.
Documents:
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Offering Memorandum
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Location
Gallery
