10625 Guy R Brewer BlvdJamaica, NY 11433

For Sale
$4,795,000

Ten-unit building, 7 parking spaces, tax abatement.

Overview

Added:
Feb 3
Days on market:
39
This exceptional investment opportunity presents a newly constructed (2024), four-story walk-up mixed-use building ideally situated in the heart of Jamaica, Queens. The property boasts ten residential units and one commercial unit, providing a diverse income stream. Seven convenient parking spaces are included, a significant advantage in this location. The building benefits from a substantial 25-year tax abatement, significantly reducing operating costs and maximizing return on investment. Tenants are responsible for their own utilities, minimizing landlord responsibilities. Financial projections indicate a strong net operating income (NOI) of $336,000. This prime location offers unparalleled convenience, situated next to York College and just two blocks from the Jamaica Center Train Station. Proximity to a wide array of community amenities further enhances its appeal. The property is also available for purchase as a package deal with an adjacent, identically configured building (106-29 Guy R Brewer Blvd), presenting a compelling opportunity for significant portfolio expansion. The asking price is $4,795,000, representing a price per square foot of $419.98. The 0.09-acre lot provides ample space for the building and its parking. This is a rare chance to acquire a high-performing, well-located mixed-use property with significant long-term potential.

Property Details for 10625 Guy R Brewer Blvd

Property type
Mixed-use properties, Other mixed-use properties
Year Built
2024
Lot Size (sq. ft)
3,920 SF

Location Insight

City
Jamaica
County
Queens
State
New York
Latitude
40.69913
Longitude
-73.79285
10625 Guy R Brewer Blvd, Jamaica, New York

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10625 Guy R Brewer Blvd
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