Property description:
77 Unit Multifamily Apartment Building located in Queens, NY. Cap 4.65 %
Upside potential: $55,000 parking lot rental (currently not rented).
Area Property Description:
Jamaica is a middle-class
neighborhood in the
New York City borough of
Queens. The neighborhood is part of
Queens Community Board 12, which also includes
Hollis,
St. Albans,
Springfield Gardens,
Baisley Pond Park,
Rochdale Village, and
South Jamaica.
[4] The
NYPD's 103rd, 113th & 105th Precincts patrol Jamaica.
[5]
It was settled under
Dutch rule in 1656 in
New Netherland as
Rustdorp.
[6][7] Under British rule, Jamaica became the center of the "
Townof Jamaica". Jamaica was the county seat of Queens County from the formation of the county in 1683 until March 7, 1788, when the state government reorganized the town and the county seat moved to
Mineola (now part of Nassau County). In 1814, Jamaica became the first incorporated village on Long Island. When Queens was incorporated into the
City of Greater New York in 1898, both the Town of Jamaica and the Village of Jamaica were dissolved, but the neighborhood of Jamaica regained its role as county seat. Today, some locals group Jamaica's surrounding neighborhoods into an unofficial Greater Jamaica, roughly corresponding to the former Town of Jamaica, including
Richmond Hill,
Woodhaven,
St. Albans,
Rosedale,
Springfield Gardens,
Hollis,
Laurelton,
Cambria Heights,
Queens Village,
Howard Beach and
Ozone Park.
[8]
Jamaica is the location of several government buildings including
Queens Civil Court, the civil branch of the
Queens County Supreme Court, the Queens County Family Court and the
Joseph P. Addabbo Federal Building, home to the
Social Security Administration's Northeastern Program Service Center.
[9] The U.S.
Food and Drug Administration's Northeast Regional Laboratory as well as the New York District Office are also located in Jamaica. Jamaica Center, the area around
Jamaica Avenue and 165th Street, is a major commercial center, as well as the home of the Central Library of the
Queens Borough Public Library. The
New York Racing Association, based at
Aqueduct Racetrack in South Ozone Park, lists its official address as Jamaica (Central Jamaica once housed NYRA's
Jamaica Racetrack, now the massive
Rochdale Village housing development).
John F. Kennedy International Airport and the hotels nearby also use Jamaica as their address.
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