178-22 | 178-24 Jamaica Ave, Queens, NY 11432

Overview

Price: 
$1,200,000
Type of Home: 
Mixed Use
Style of Home: 
Brick | Frame
Bedrooms: 
4
Bathrooms: 
4
Square Footage: 
3680
Lot Size: 
2074
Year Built-in: 
1931

2 building side by side.
Both buildings are pretty much identical.  Commercial on ground floor and 2 apartments upstairs in each building.
178-22 is 1920 sqft, lot-1045sqft-2 1br apartment occupied with no lease. FAR 3-3135 buildable. R6A, C2-4
178-24 is 1760 sqft, lot-1029sqft-2 1br apartment occupied with no lease. FAR 3-3100 buildable. R6A, C2-4
Will be delivered with tenant that have no leases and are on month to month.
The 2 commercial spaced will be delivered vacant. Not alot of work needed on the building.

OPEX
Taking in $4700 on the apartments a month and when the commercial was occupied was getting 
about 3000-3500 per space(seems high-waiting on docs).
Expenses on both building are: Gas-2500yr, water-1200yr, common electric-400yr, taxes-5k, insurance-7k

Location

randomness