Single-Tenant Retail
101-20 Jamaica Ave Richmond Hill, NY 11418
101-20 Jamaica Ave, Richmond Hill, NY, 11418
$2,900,000
For Sale
$2,900,000
Single-tenant retail storefront for sale at 101-20 Jamaica Ave, offered with a fully controllable entry point.
Property Size6,800 SF
Price / SF$426.47
Days on Market20
Property Features for 101-20 Jamaica Ave
General Information
- Standard status
- Active
- Size
- 6,800 SF
- Property subtype
- Vacant-User
Building Details
- Year Built
- 1910
Listing agency
(212) 430-5169
Listed by
Michael Kook · License #License(s): NY: 10301216047, NY: 10491208242
(212) 430-5169
Source
Marcusmillichap
Added: Jul 3 Updated: Jul 22 at 5:32AM Checked: Jul 22 at 5:32AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Michael Kook
Investment Insights
Based on property information with market context.
101-20 Jamaica Ave is a single-tenant retail storefront opportunity for sale in Richmond Hill, Queens. The property is presented as a fully controllable asset with a single-tenant entry point, allowing an owner to take control without inheriting another party’s tenancy or business.
Situated on Jamaica Avenue, the property is positioned within a long-standing neighborhood retail corridor. The offering is described as usable immediately for a buyer seeking to own real estate in place, with the flexibility to support different buyer strategies over time.
The seller’s materials emphasize optionality for an owner-operator or investor, presenting the asset as a way to acquire a controllable storefront in a corridor setting where small owner-held buildings are described as uncommon. The property is listed for sale at $2,900,000 and is identified as approximately 6,800 square feet in size.
Situated on Jamaica Avenue, the property is positioned within a long-standing neighborhood retail corridor. The offering is described as usable immediately for a buyer seeking to own real estate in place, with the flexibility to support different buyer strategies over time.
The seller’s materials emphasize optionality for an owner-operator or investor, presenting the asset as a way to acquire a controllable storefront in a corridor setting where small owner-held buildings are described as uncommon. The property is listed for sale at $2,900,000 and is identified as approximately 6,800 square feet in size.
Key Highlights
- Single‑tenant retail storefront for sale at 101‑20 Jamaica Ave
- Year built: 1910
- Offered with a fully controllable entry point and without inheriting another tenancy or business
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $204.0k | $30.00 |
| − Vacancy | −$30.6k | −$4.50 |
| EGI | $173.4k | $25.50 |
| − OpEx | −$52.0k | −$7.65 |
| NOI | $121.4k | $17.85 |
6,800 SF · lease $30.00/SF/yr · vacancy 15.00% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.73M
$1.52M – $2.02M
NOI $121,380 @ 7.0% cap · market cap 4.19%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$5.01M
$4.39M – $5.85M
NOI $350,913 @ 7.0% cap · market cap 12.10%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Asamblea Apostólica RÃos ...
Church
Similar For Sale Nearby
Similar Off Market Nearby
- Brooklyn Decor & Events — 3390 Atlantic Ave, Brooklyn, NY 11208
- Marys Flower shop — 183 Norwood Ave #11208, Brooklyn, NY 11208
- Victoria Fresh Flowers, INC — 308 Crescent St., Brooklyn, NY 11208
- Floristeria y Variedades Reyes — 77-11 Jamaica Ave, Woodhaven, NY 11421
- Fm Fulton Flower — 3330 Fulton St, Brooklyn, NY 11208
FAQs
What type of property is this?
Storefront property - Single-tenant retail storefront for sale at 101-20 Jamaica Ave, offered with a fully controllable entry point.
Where is this storefront property located?
The property is located at 101-20 Jamaica Ave Richmond Hill, NY.
What is the asking price?
The asking price for this property is $2,900,000.
What are key features of this property?
This property features: Single‑tenant retail storefront for sale at 101‑20 Jamaica Ave; Year built: 1910; Offered with a fully controllable entry point and without inheriting another tenancy or business
