Woodhaven
Woodhaven mixed-use investment at 87-02 91st Avenue, Jamaica, Queens, offered at $1,300,000. The property combines three retail storefronts—including a corner hair salon and two additional units with 87th Street frontage—with two second-floor apartments (one 1-bedroom, one 2-bedroom) and two on-site garages. Currently at 50% occupancy with significant value-add potential, the asset projects $127,800 in gross annual income and suits both owner-users and investors seeking immediate leasing flexibility.
The 2,000 SF building sits on a 2,500 SF lot in Woodhaven, a mixed-use neighborhood along 87th Street. The corner retail location and street frontage provide strong visibility for the operating hair salon and vacant storefronts. The two vacant apartments on the second floor offer immediate leasing opportunities to boost occupancy and cash flow.
- Three retail storefronts, including corner hair salon with existing tenant
- Two vacant apartments (1-bed and 2-bed) ready for lease-up
- Two on-site garages for additional rental income or storage
- $127,800 projected gross annual income
- Mixed-use corner location on 87th Street with strong retail visibility
Location
Located at 91-02 87th Street (AKA 8702 91st Avenue), Woodhaven, NY 11421, this mixed-use investment opportunity offers significant value-add potential with multiple vacant retail and residential spaces, making it well-suited for investors or owner-users. The property is offered at an asking price of $1,300,000 and features three retail storefronts, including a prominent corner hair salon and two additional storefronts with frontage on 87th Street. The second floor includes two vacant apartments (one one-bedroom and one two-bedroom), providing immediate leasing flexibility. The property also includes two garages for additional rental income or storage.
- Prime mixed-use property at 91-02 87th Street / 8702 91st Avenue, Woodhaven, NY 11421 Offered at an asking price of $1,300,000
- Excellent value-add opportunity with two vacant retail spaces and two vacant apartments
- Three retail units, including a corner hair salon and two additional storefronts on 87th Street
- Two second-floor residential units consisting of one 1-bedroom and one 2-bedroom apartment
- Two on-site garages providing additional utility and income potential
- Projected Gross Income: $127,800 annually