170-08 Jamaica Avenue, Downtown Jamaica NY

Jamaica, Jamaica, New York 11432-5220

$4,500,000  

Listing ID Number

25328

Property Description

Cushman & Wakefield has been retained on an exclusive basis to arrange for the sale of 170-08 Jamaica Avenue in Downtown Jamaica, NY. The subject property is a two-story commercial building located on the southeast corner of Jamaica Avenue and 170th Street. The property benefits from heavy foot and car traffic, it’s proximity to the Jamaica Transit Hub, and a retail and residential marketplace that continues to see aggressive investment.

The building is approximately 9,900 square feet over two floors with 27’ of frontage on Jamaica Avenue. The property is currently fully leased to a Laundromat who subleases a portion of their space to an electronics store. The property is a ‘L’ shaped lot with 150’ of frontage on 170th Street. The property has significant development potential with 43,600 buildable square feet.

Downtown Jamaica is going through a momentous revitalization period, especially in the 168th Street – 170th Street pocket. One block east on Jamaica Avenue there is a newly constructed Planet Fitness and Family Dollar store. Additionally, there is nearly 1,000,000 buildable square feet of mixed-use development planned on 168th Street alone.

Inquire for additional information or guidance.

Overview

Building Type:Commercial Buildings
Lot Sq Ft:14,970
Buildable Sq. Ft:43,600
Zoning:R6A / R5 / C2-4
Building Sq Ft:9,900

Summary

Price Per Sq Ft:$454
Price Per Buildable Sq Ft:$103

Documents

Contact

For further information or inspection, please contact Exclusive Agents:

Daniel Abbondandolo
Director
(718) 512 2606
dan.abb@cushwake.com

Kevin Schmitz
Associate
(718) 512 2628
kevin.schmitz@cushwake.com


Property Images

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Property Map


Aerial View


The information contained herein has either been given to us by the owner of the property or obtained from sources that we deem reliable. We have no reason to doubt its accuracy but we do not guarantee it. All zoning, buildable footages and uses must be independently verified. Vacancy factors used herein are an arbitrary percentage used only as an example. It does not necessarily relate to actual vacancy, if any. The value of this investment is dependent upon these estimates and assumptions made above, as well as the investment income, the tax bracket, and other factors which your tax advisor and/or legal counsel should evaluate. THE PROSPECTIVE BUYER SHOULD CAREFULLY VERIFY EACH ITEM OF INCOME, AND ALL OTHER INFORMATION HEREIN.