190-25 Jamaica Avenue, Queens – Mixed-Use Property for Sale
Asking Price: $1,750,000
Property Overview:
2-story building, approx. 4,594 SF on a 3,352 SF lot
Frontage: ~24 ft on Jamaica Avenue
Built in 1931, Zoned R5 (mixed residential/commercial use)
Fully income-producing with stable tenants
Units:
First Floor: Two commercial units (Real Estate Office & Church)
Basement: Tenant space
Second Floor: Four-bedroom residential apartment
Rent Roll (Annual):
Real Estate Office: $2,300/mo ? $27,600
Church: $2,200/mo ? $26,400
Basement Tenant: $1,100/mo ? $13,200
4-Bedroom Apartment: $2,500/mo ? $30,000
Total Gross Income: $97,200
Annual Expenses:
Real Estate Taxes: $13,500
Insurance: $4,000
Heat: $3,000
Water: $2,400
Total Expenses: $22,900
Net Operating Income (NOI): $74,300
Cap Rate: ~4.25%
Summary:
A well-located, fully leased mixed-use asset on a high-traffic Jamaica Avenue corridor, offering steady cash flow and long-term upside through rent growth and expense management.