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ERG Announces Availability of Prime Mixed-Use Building in Queens

ERG Property Advisors is pleased to announce the availability 172-27 Jamaica Avenue, a prime mixed-use building in Queens, NY.  The property is located on the corner 173rd Street, in the Jamaica Center area of Queens.

The asking price for the property is $985,000.  The building is 4,000 square feet and is located on a 1,880-square-foot lot. The cap rate is 6.8%.
The three-story property is comprised of two occupied retail stores, two free-market apartments and a two-car garage. Both apartment units are occupied and contain four and five bedrooms, respectively. 
Located in the Jamaica Center area of Queens, the property is situated in the midst of exciting new residential developments and a thriving retail sector. Jamaica Center is the hub of Queens and is home to the primary retail shopping street in the borough, as well as government offices and educational institutions.  
Nearby transportation includes the Q110, Q17, Q43, Q2, Q3, Q83 and X64 bus lines, and the F train, all of which are within a six-block radius.  
For more information about this property, please contact Shawn Campbell at (646) 253-0960
About ERG Property Advisors
ERG Property Advisors is a full-service commercial brokerage company based in New York City. Our core activities are investment sales, mortgage brokerage and direct capital services. While focused on the broader New York City area as a company, ERG also offers specific market knowledge at the submarket level. Beyond core New York City properties, ERG has access to a vast network of Triple Net properties throughout the United States. In addition to assisting property owners and prospective buyers, ERG provides banks, appraisers, attorneys, and accountants with information and skill sets that support them in their respective roles. Through strategic alliances with select companies we are able to offer our clients access to mortgage brokerage, direct capital services and investment sales brokerage.

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