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  • This is a mixed use property with 2 retail stores and 2 residential units. All open market. Deli pays $3100 (Have 3 years left) 3% Escalation per year Plus increase of real estate tax Restaurant pays $4800 (Have 7 years left) 3% Escalation per year Plus increase of real estate tax 1 Bedroom pays $1700 have 10 months left 2 Bedroom pays $2550 have 11 months left Taxes around $18, 000 Insurance around $4000 Water & Sewer around $4000 Repairs $2000 All tenants have direct meter and pay for their electricity and gas/heat. Gross Income is $145, 800 Expenses are $28000. Net income is around $117, 800 7.3% cap at the asking price Have additional air rights 5
    111-25 Jamaica Avenue New York, NY 11418
    $1,588,000
    Multi Family Commercial ML# H6310943
    This is a mixed use property with 2 retail stores and 2 residential units. All open market. Deli pays $3100 (Have 3 years left) 3% Escalation per year Plus increase of real estate tax Restaurant pays $4800 (Have 7 years left) 3% Escalation per year Plus increase of real estate tax 1 Bedroom pays $1700 have 10 months left 2 Bedroom pays $2550 have 11 months left Taxes around $18, 000 Insurance around $4000 Water & Sewer around $4000 Repairs $2000 All tenants have direct meter and pay for their electricity and gas/heat. Gross Income is $145, 800 Expenses are $28000. Net income is around $117, 800 7.3% cap at the asking price Have additional air rights
    Presented By: HomeCoin.com  888-400-2513
    Call Today: (631)722-5800, (631)722-5800, or  Email: Colony Realty
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OneKey™ MLS The data relating to real estate for sale on this web site comes in part from the OneKey™ MLS. Real Estate listings held by brokerage firms other than ColonyRealty are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers.

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1327 Main Road, PO Box 678, Jamesport,NY 11947

PHONE: 631-722-5800
FAX: 631-722-5951

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