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10-57 Jackson Avenue

10-57 Jackson Avenue, Long Island City

The subject is a mixed-use building located on Jackson Avenue just steps from the entrance to the 7 subway line at Vernon-Jackson. Tenancy includes a restaurant on the ground floor, an office on the 2nd floor, and a two-bedroom apartment on the 3rd floor. The apartment is approximately 1,425 square feet and large enough to be converted into two separate units. With a zoning designation of C2-2/R7X, the property has 10,000 buildable square feet including 5,700 square feet of available air rights offering additional upside to an investor. The roof is one year old, the building uses gas heat, and each floor has their own electric heating and cooling units. The boiler has been disconnected. Tenants are responsible for their own utilities including gas, electric, and water. Given the prime location and 100% occupancy, this property poses an excellent opportunity for an investor or 1031 exchange buyer.

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