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19025 Jamaica Ave 4,000 SF 100% Leased Retail Building Hollis, NY 11423 $2,397,815 CAD ($599.45 CAD/SF) 4.25% 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: $1,750,000
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.
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.
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
$2,397,815 CAD
Price Per SF
$599.45 CAD
Cap Rate
4.25%
NOI
$101,907 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 | $56,356 CAD |
| Land Assessment | $76,456 CAD | Total Assessment | $132,812 CAD |
PROPERTY TAXES
Parcel Number
10446-0032
Land Assessment
$76,456 CAD
Improvements Assessment
$56,356 CAD
Total Assessment
$132,812 CAD
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Kingsland Properties
19025 Jamaica Ave
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