12-07 Jackson Ave, Queens, NY 11101 - Mixed Use property

Detailed information about Mixed Use property which situated in Queens (11101) city, New York state on 12-07 Jackson Ave.

Additional Information: 4 story, 25' x 64' Brick Bldg on 25' x 101' lotLocated on busy Long Island City/Hunters Point retail strip near #7 & G Trains. Great for USER--stores have short leases. GREAT for Investor-(approx) 7% POTENTIAL CAP RATE &6 Stabilized, 1 Non Stabilized Apts--GOOD UPSIDE!!Great for DEVELOPER--C2-5/R7X/LIC Wide Street Zoning--5.0 FAR--12,625sf buildible, 8000sf built--Now 63% utilized +Unfinished and Fully Usable Basement. Rent  Lease   Mnthly Inc Yrly Inc Stabilized Term Store Left $1,400   $16,800 no 10/10-9/12 Store Right 3000 $36,000 no 11/10-10/12 1L-Studio $1,200   $14,400 yes 2/11-1/12 1R-Studio $1,250   $15,000 yes 1/11-12/11 2L-2 bedrm $1,300   $15,600 yes 2/10-11/11 3L-1 bedrm $868   $10,416 yes 4/09-3/11 3R-1 bedrm $1,049   $12,588 yes 8/09-7/11 4L-1 bedrm $1,550   $18,600 yes 9/10-8/11 4R-2 bedrm $1,900   $22,800 no 9/10-8/11 storage-bsmt       no       $13,517    $162,204                         Expenses: Monthly Yearly Real Estate Tax $868 $10,416 Electric/Gas $200 $2,400 Oil/Heat $375 $4,500 Water $175 $2,100 Mgmt, Supplies $325 $3,900 Insurance $175 $2,100 Vacancy Allowance (2%) 230 $2,760 TOTAL $2,348 $28,176 Asking Price--$1,953,000 (includes a 2% Buyer’s Brokers Commission) Call Harvey Heit, Associate Broker at 917-748-4810 for more info on this and other Investment Properties and to schedule an appointment.  Click here for 78 Unit, 4 Bldg Jackson Hts, Queens MultifamilyClick here to search other Nest Seeker Listings Then Call Me at 917 748 4810 Harvey's New LICity Blog