8809 Jamaica Avenue, Woodhaven, NY 11421

Property Description

Own the building and the bar/restaurant business in one package at 8809 Jamaica Avenue, Woodhaven, NY 11421. Set along Woodhaven’s main commercial corridor, this mixed-use property features a street-level storefront configured as a bar and restaurant with a full kitchen, a basement, and a rear patio with potential for additional outdoor seating during the warmer months, subject to applicable approvals. The storefront fronts busy Jamaica Avenue near neighborhood shops, restaurants, banks, and everyday services. The 85th Street–Forest Parkway J train station and Q56 bus service are nearby, making the property easy to reach for customers, employees, and residents. Forest Park is also close by, adding another neighborhood amenity for the apartments upstairs. The two second-floor apartments bring in a combined $4,300 per month. The rear apartment rents for $2,350 per month, and the front apartment rents for $1,950 per month. A buyer can operate the bar/restaurant while collecting the residential rents or lease the storefront. At an estimated commercial rent of $7,500 per month, the property could generate $11,800 per month, or $141,600 per year, in gross rental income before expenses.