108-16 Jamaica Avenue $838,000
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List price: $838,000
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108-16 Jamaica Avenue
House in Richmond Hill • 
building info
studio • 2,800 ft²
Buy with Yoreevo

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List price

$838,000

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Key Details
Days on market
75
Last price change
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Estimated payment
$5,534
Taxes
$0
Monthly maintenance
N/A
Description
Calling All Investors, Developers & End-Users!!! 9.1 Cap 2 Unit 2,800 Sqft. Mixed-Use Building For Sale Asking Only $838,000!!! The Property Is Located On Busy Jamaica Avenue Between 109th & 110th Street (Just A Few Blocks From The Subway Station!!!). The Property Features Excellent Signage, Great Exposure, Commuter Rail, High Ceilings, Central Air, +++!!! Neighbors Include T-Mobile, Dollar General, Key Food, Chase, Domino's, +++!!! The Building Will Be Delivered Vacant. Income: 1st Floor (1,800 Sqft.): $58,000 Ann. (Available) 3 Bedroom Apartment (1,000 Sqft.): $38,400 Ann. (Available) Gross Income: $96,400 Ann. (Proforma) Expenses: Taxes: $18,287.00, Insurance: 2,600 Maintenance & Repairs: $250 Electric: $0 Water: $0 Oil: $0 Net Operating Income (NOI): $76,550 (9.1 Cap!!!) (Proforma)

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History
What it'll cost
Purchase price
$838,000
Asking Price: $838,000
Term
30 Years
Down Payment
$83,000 (10%)
Min: 10% (83,000)
Rate
8.0 %
Mortgage Amount
$754,200
Mortgage Payment
$5,534
Taxes
$0
Estimated Yoreevo rebate
Estimated closing cost
$24,000
Total monthly cost $5,534
Buy your dream home with us and get a commission rebate.
Rebates vary by sale price, market and are subject to a minimum commission.
Courtesy of All Island Estates Realty Corp

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