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106-25 Guy R Brewer Blvd 10629 Guy R Brewer Blvd

11 Unit Block of Flats £3,761,246 (£341,931/Unit) 7.01% Net Initial Yield Jamaica, NY 11433

Investment Highlights

  • New Construction Mixed-use Building
  • Also available to purchase as a package deal with next property(106-29 Guy R Brewer Blvd)
  • 10 residential units, 1 ground floor retail unit and 7 parking

Executive Summary

Excellent Investment Opportunity at the heart of Jamaica, Queens!
• 2024-built 4-stories walk-up Mixed-use building is available for purchase individually or as a package deal with the next property(106-29)
• Situated on a 40’ x 100’ lot, with a total of 11,417 GSF each
• 10 residential units, 1 ground floor retail unit, and 7 parking spaces in each building
• 25 Year 421a Tax Exemption & a 15-Year ICAP
• Price/SF: $419.98. Proforma NOI: $334K- $336K
• Conveniently Located next to York College, 2 blocks from Jamaica Center Train Station, and Close to all community amenities. GREAT LOCATION!

Financial Summary (Pro forma - 2024) Click Here to Access

Annual Annual Per SF
Gross Rental Income - -
Other Income - -
Vacancy Loss - -
Effective Gross Income - -
Net Operating Income $99,999 $9.99

Financial Summary (Pro forma - 2024) Click Here to Access

Gross Rental Income
Annual -
Annual Per SF -
Other Income
Annual -
Annual Per SF -
Vacancy Loss
Annual -
Annual Per SF -
Effective Gross Income
Annual -
Annual Per SF -
Net Operating Income
Annual $99,999
Annual Per SF $9.99

Property Facts

Price £3,761,246
Price Per Unit £341,931
Sale Type Investment
Net Initial Yield 7.01%
No. Units 11
Property Type Residential
Property Subtype
Apartment
  • General Retail Storefront Retail/Residential
Apartment Style Mid Rise
Building Class C
Lot Size 0.09 AC
Building Size 11,417 SF
Number of Floors 4
Year Built 2024
Opportunity Zone Yes

Unit Amenities

  • Balcony

Site Amenities

  • Security System

Unit Mix Information

Description No. Units Avg. Rent.Mo SF
1+1 5 - -
2+1 5 - -
Walk Score ®
Very Walkable (87)
Transit Score ®
Rider's Paradise (100)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
10161-0058
Land Assessment
£49,575
Improvements Assessment
£220,968
Total Assessment
£270,543

zoning

Zoning Code R5D/C1-4 (R5D residential zone that allows for a variety of building types, while C1-4 commercial overlay district that's primarily residential with commercial)
R5D/C1-4 (R5D residential zone that allows for a variety of building types, while C1-4 commercial overlay district that's primarily residential with commercial)
  • Listing ID: 33857995

  • Date on Market: 08/05/2024

  • Last Updated:

  • Address: 10629 Guy R Brewer Blvd, Jamaica, NY 11433

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