19025 Jamaica Ave - Storefront Retail/Office FOR SALE


Hollis, NY 11423
$1,750,000 USD
646-267-3979
19025 Jamaica Ave, Hollis, NY for Sale
$1,750,000 USD
Storefront Retail/Office - FOR SALE
1/1
null | 4.25% Cap Rate

19025 Jamaica Ave
Hollis, NY 11423


HIGHLIGHTS

  • Two commercial storefronts plus residential unit
  • Built-in cash flow from multiple revenue streams
  • Full basement adds significant usable square footage

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$1,750,000 USD

PRICE/SF

$438 USD /SF

CAP RATE

4.25%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1931

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.05 AC

LAND SF

2,178 SF

ZONING

R5

APN/PARCEL ID

10446-0032

ASK ABOUT THIS PROPERTY

Sergey BabayevKingsland PropertiesMore Info
646-267-3979

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Sergey BabayevKingsland PropertiesMore Info
646-267-3979

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.