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190-25 Jamaica Ave 4,000 SF 100% Leased Retail Building Jamaica, NY 11423 $2,320,574 CAD ($580.14 CAD/SF) 4.39% Cap Rate
Investment Highlights
- Two commercial storefronts plus residential unit
- Full basement adds significant usable square footage
- Built-in cash flow from multiple revenue streams
Executive Summary
190-25 Jamaica Avenue, Queens – Mixed-Use Property for Sale
Asking Price: $1,695,000
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): $74,375
Cap Rate: 4.39%
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.
Asking Price: $1,695,000
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): $74,375
Cap Rate: 4.39%
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.
Property Facts
Sale Type
Investment
Sale Condition
Build to Suit
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
4,000 SF
Building Class
C
Year Built
1931
Price
$2,320,574 CAD
Price Per SF
$580.14 CAD
Cap Rate
4.39%
NOI
$101,825 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Slab To Slab
10’
Building FAR
1.84
Lot Size
0.05 AC
Zoning
R5 - Medium density district with a height limit of 40 feet
Frontage
39’ on Jamaica Ave
Walk Score®
Very Walkable (82)
Transit Score®
Rider's Paradise (90)
Nearby Major Retailers
Property Taxes
| Parcel Number | 10446-0032 | Improvements Assessment | $56,248 CAD |
| Land Assessment | $76,310 CAD | Total Assessment | $132,559 CAD |
Property Taxes
Parcel Number
10446-0032
Land Assessment
$76,310 CAD
Improvements Assessment
$56,248 CAD
Total Assessment
$132,559 CAD
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Kingsland Properties
190-25 Jamaica Ave
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