
Courtesy of: Sergey Babayev M, Kingsland Properties, babayevsergey888@gmail.com
$1,750,000
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Other
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$1,750,000
190-25 Jamaica Ave This two-story mixed-use building offers approximately 4, 594 SF on a lot with about 24 feet of frontage along Jamaica Avenue. Built in 1931 and zoned R5, the property supports both residential and commercial use and is fully income-producing with stable, long-term tenants. The building includes two commercial units on the first floor (a real estate office and a church), a tenant-occupied basement space, and a four-bedroom residential apartment on the second floor. The property generates a total gross annual income of $97, 200, derived from monthly rents of $2, 300 (real estate office), $2, 200 (church), $1, 100 (basement tenant), and $2, 500 (four-bedroom apartment). Annual operating expenses total approximately $22, 900, including real estate taxes, insurance, heat, and water, resulting in a net operating income (NOI) of $74, 300 and an estimated cap rate of approximately 4.37%.
Courtesy of: Sergey Babayev M, Kingsland Properties, babayevsergey888@gmail.com
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