Modern Spaces’ Commercial + Investment Division has been retained on an exclusive basis to arrange for the sale of 172-24 & 172-26 Jamaica Avenue in Jamaica, Queens. The sale includes two mixed-use buildings, both with one commercial space on the ground and two apartments on the second floor. Ownership recently updated both buildings with $350,000 in renovations. All apartments are two bedroom with one bathroom. The retail space at 172-24 is rented to a hair salon for $4,500 per month. The other retail space at 172-26 is rented to a mini mart, who is also paying $4,500 per month.
The offering is a great opportunity for an investor looking for cash flow or for a 1031 exchange buyer. The properties are situated on Jamaica Avenue, a prime location for car and foot traffic in the neighborhood.
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