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2 Mixed Use Buildings For Sale

23-02 & 23-04 Jackson Avenue, Long Island City
Description

The subject consists of two adjacent mixed use properties located on the corner of Jackson Avenue and Davis Street. The properties feature 2 retail units, 8 residential units and 1 garage that is readily converted to retail space. There is also an additional 6,000 square feet of available air rights for additional future value. Located on this prime stretch of Jackson Avenue near such landmarks such as the Citigroup Tower, 5Pointz and MoMa PS1, the subject is in the most active hotbed of Long Island City development. There are multiple nearby subway stations and many available bus lines. Fast road access is available to the Queensboro Bridge, Midtown Tunnel, Long Island Expressway, Queens Boulevard and the Pulaski Bridge (connecting to Greenpoint / Willamsburg, Brooklyn). With short term tenancy, the properties offer substantial upside in rents. Given the potential for rent growth, available air rights, and the unique nature of this location, the properties pose a rare and special opportunity for an investor or 1031 exchange buyer.

Listing Highlights
Price:$4,130,000
Type:Mixed-use
Pets:No Pets
Status:Closed
ID:61204
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