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112-21 Jamaica Ave 4,000 SF Vacant Retail Building Richmond Hill, NY 11418 $2,115,735 CAD ($528.93 CAD/SF) 9.14% Cap Rate
Investment Highlights
- Prime Jamaica Avenue frontage
- Large usable interior space and excellent transit access.
- Established income-producing setup
Executive Summary
Located in Richmond Hill, Queens, the property at 11221 Jamaica Avenue is a two-story commercial building. Property is situated on Jamaica Avenue, a busy mixed-use corridor with restaurants, retail stores, transit access, and commercial activity. Each floor provides approximately 2,100 to 2,161 square feet of usable interior space. Property has established income-producing setups and a CAP Rate of 9.14%.New roof and property has air rights for floor extension. The lot size is 4,000 sqft, Zoniing R6A.
Zoning is R6A.
Zoning is R6A.
Financial Summary (Actual - 2025) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment or Owner User
Sale Condition
High Vacancy Property
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
4,000 SF
Building Class
C
Year Built/Renovated
1931/2025
Price
$2,115,735 CAD
Price Per SF
$528.93 CAD
Cap Rate
9.14%
NOI
$193,378 CAD
Percent Leased
Vacant
Tenancy
Multiple
Building Height
2 Stories
Slab To Slab
10’
Building FAR
1.85
Lot Size
0.05 AC
Zoning
Commercial - R6A
Frontage
21’ on Jamaica Ave
Exceptionally walkable
100/100
Moderately drivable
60/100
Exceptional public transit
100/100
Moderately bikeable
70/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 09226-0026 | Total Assessment | $225,256 CAD (2026) |
| Land Assessment | $65,373 CAD (2026) | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $159,883 CAD (2026) | Tax Year | 2025 |
Property Taxes
Parcel Number
09226-0026
Land Assessment
$65,373 CAD (2026)
Improvements Assessment
$159,883 CAD (2026)
Total Assessment
$225,256 CAD (2026)
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2025
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112-21 Jamaica Ave
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