8705 168th St Jamaica, NY 11432

Calling All Investors, Developers & End-Users!!! 10.99 Cap 7 Unit Free Market Corner Apartment Building For Sale!!! The Building Features Great Exposure, Excellent Signage, Private Gated Parking Lot With 5 Parking Spaces, Balconies, High 9' Ceilings, Signalized Intersection, All New LED Lighting, Se...parate Meters, A/C, +++!!! 3 Of The Units Were Fully Renovated In 2022!!! The Property Is Located In The Heart Of Jamaica Estates Just Blocks From Jamaica Center!!! Neighbors Include Starbucks, Toyota, Honda, Dunkin', The Home Depot, Marshall's, Aldi, Planet Fitness, Auto Zone, Holiday Inn, McDonald's, Burger King, Wendy's, Domino's, IHOP, Dollar Tree, +++!!! This Property Has HUGE Upside Potential!!! This Could Be Your Next Development Site / Next Home For Your Business!!! Income: Apt. 1L (1 Br.): $32,400 Ann.; Lease Exp.: 12/1/23 Apt. 1R (2 Br.): $40,800 Ann.; Lease Exp.: 8/1/23 Apt. 2L (1 Br.): $32,400 Ann.; M-M Apt. 2R (2 Br.): $40,800 Ann.; Lease Exp.: 9/1/23 Apt. 3L (1 Br.): $32,800 Ann.; Lease Exp.: 12/1/23 Apt. 3R (2 Br.): $42,600 Ann. M-M Finished LL (1,500 Sqft.): $52,000 Ann. (Available) 5 Parking Spaces: $18,000 Ann. $300 Per Spot Per Month Gated Paved Yard: $48,000 Ann. Projected Gross Income: $341,600 Ann. Expenses: Gas: $0 Ann. Electric (Common Areas Only): $900 Ann. Maintenance & Repairs: $250 Ann. Water & Sewer: $6,000 Ann. Insurance: $3,500 Ann. Taxes: $27,000 Ann. Total Expenses: $39,500 Ann. Net Operating Income (NOI): $302,100 Ann. (Proforma 10.99 Cap!!!) , or Continue reading