102-03 Jamaica Avenue, Richmond Hill, NY 11418

Building Details

Building Size 3,375 SF More

Year Built 1931 More

Listing Agency: CHASE GLOBAL REALTY CORP

Listed By: Wei W. Huang Show Phone

Source: Evrealestate

Added: Nov 3 Changed: Nov 6 Last Checked: Nov 6 at 2:28PM

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Investment Insights

Based on property information with market context.

Located at 102-03 Jamaica Avenue in Richmond Hill, this mixed-use property was built in 1931 and has a multi-unit configuration. Interior features include an open floorplan, storage space, natural gas, and wall or window air-conditioning units. A shared driveway serves the property.

Key Highlights

• Multi‑unit mixed‑use property built in 1931
• Open floorplan with storage space
• Wall or window air‑conditioning units and natural gas

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$43,436

Cap Rate

3.13%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$868,720 $868.7K

Cap Rate 7%

$620,514 $620.5K

Cap Rate 9%

$482,622 $482.6K

Is this asking price fair?

Market Conditions

NOI Build-Up for 3,375 SF

Gross rent

$81.0K $24.00/SF

− Vacancy

−$11.5K −$3.41/SF

EGI

$69.5K $20.59/SF

− OpEx

−$26.1K −$7.72/SF

NOI

$43.4K $12.87/SF

Area

Queens County, NY

Vacancy

14.20%

Lease Rate

$24.00 /SF/Yr

Expense Ratio

37.50%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$868,720

Cap Rate 7%

$620,514

Cap Rate 9%

$482,622

Alternative Uses

Best Use

Specialty Retail

$2.23M

$1.95M – $2.60M (±1% cap)

NOI $156,203 @ 7.0% cap · market cap 11.25%

Second Best

Mixed Use

$620.5K

$543.0K – $723.9K (±1% cap)

NOI $43,436 @ 7.0% cap · market cap 3.13%

Theoretical Best

Office A

$2.49M

$2.18M – $2.90M (±1% cap)

NOI $174,166 @ 7.0% cap · market cap 12.55%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Open Analytics

Current Use

Conventional restaurants

Suggested Use

Top Pick Law Firm Parking Lot & Garage Cafe & Coffee Shop Gym & Fitness Center Nursing Home Skin Care Clinic

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,983

Businesses Nearby

46k

Monthly Visits Nearby

Explore this area Business Placement

Foot Traffic Nearby

Groceries 75% Shops & Services 14% Dining 11%

C-Town Supermarkets Groceries

19,248 visits/mo 0.1 miles

Western Beef Groceries

15,102 visits/mo 0.5 miles

Family Dollar Shops & Services

5,867 visits/mo 0.3 miles

Domino's Pizza Dining

2,852 visits/mo 0.2 miles

Little Caesars Pizza Dining

2,186 visits/mo 0.1 miles

Demographics for 11418, NY

37,596

Population

12,072

Households

3.1

Avg Household Size

37

Median Age

32%

College-Educated

81%

High-School Grad

1.7 sq mi

ZIP Area

22,115

Density / Sq Mi

$84,927

Median Household Income

$44,818

Median Earnings

$1,788

Median Rent

$772,800

Median Home Value

Market

Average Price Trend$/SF for Mixed-use properties in Queens County, NY

$758 Jul

$684 Aug

$604 Sep

$582 Oct

Properties on Market for Mixed-use properties in Queens County

Jul

Aug

Sep

Oct

Vacancy Rate% for Retail in Northeast region

6% 2019

7.1% 2020

6.5% 2021

6% 2022

5.7% 2023

5.6% 2024

6% 2025

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Frequently Asked Questions

What type of property is this?

Mixed-use property - The property includes an open floorplan, storage space, and wall or window air-conditioning units.

Where is this mixed-use property located?

The property is located at 102-03 Jamaica Avenue Richmond Hill, NY.

What is the asking price?

The asking price for this property is $1,388,000.

What are key features of this property?

This property features: Multi‑unit mixed‑use property built in 1931; Open floorplan with storage space; Wall or window air‑conditioning units and natural gas