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Rare opportunity to purchase a fully occupied investment property with development potential located in the Downtown Jamaica special zoning district. The subject includes two lots with an approximate size of 4675 sq. ft. zoned R7X,C2-4. Five commercial plus seven residential, free market tenants make up this cash flowing asset with an NOI of 350K and an in place 5.84% cap rate. A corner property with tremendous visibility at the intersection of Queens Blvd. and Jamaica Ave. make this an incredible cash flow or development opportunity. Detailed income and expenses available upon request.
| Listed | August 6, 2026 |
| Days on Market | 48 |
| Last Updated | August 7, 2026 |
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