Asset CRG is proud to announce the successful sale of 132-10 Jamaica Avenue, Richmond Hill, NY 11418, a fully leased commercial property with stable income and a prime location. Represented by Albert Aranbaev of Asset Commercial Realty Group, the transaction was completed at $5,000,000, equating to $404.53 per square foot. The purchaser is a private investor seeking a high-performing asset in a dynamic neighborhood.
The property is a single-unit commercial building spanning approximately 12,360 square feet, with an additional 1,000 square feet of exterior land used by the tenant. The building is fully leased to the New York City School Construction Authority (Board of Education), which utilizes the space as a Pre-K Center for District 28 Early Childhood programs. This long-term tenancy ensures steady rental income, making the property an attractive investment.
The lot measures 13,499 square feet, with a configuration of 112.58 feet by 111.33 feet, strategically positioned just west of the Van Wyck Expressway. Its prime location offers convenient access to the E subway train, providing excellent connectivity to the rest of New York City. This enhances the property’s appeal both as an income-generating asset and for its potential long-term development value.
The sale of 132-10 Jamaica Avenue underscores Asset CRG’s expertise in delivering exceptional value to its clients, facilitating seamless transactions that benefit both buyers and sellers. This transaction adds to the firm’s impressive portfolio of high-value deals across New York City.
