Mixed-Use Building with Retail
New
For Sale
$1,388,000
102-03 Jamaica Avenue, Richmond Hill, NY 11418
The building pairs an available street-level commercial space with two renovated apartments above.
Property Size3,375 SF
Price / SF$411.26
Days on Market2
Property Features for 102-03 Jamaica Avenue
General Information
Standard status
Active
Size
3,375 SF
Property subtype
Residential Income
Site & Location
Public Transit
Yes
Mixed-Use Components
retail, residential
Units
Unit Mix
2 x 3BR/2BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$10,268
Amenities
Full,Storage Space
Hardwood
4
Yes
6
Open Floorplan
Full, Storage Space
Public
3
No
Shared Driveway
3375
Building Details
Building Size
3,375 SF
Year Built
1931
Buildings
1
Listing Agency:
Skylux Realty Inc
(631) 613-8782
Listed By:
Geralda Desir
Source:
Goldcrestrealtygrp
Added: Oct 31
Last Checked: Oct 31 at 4:58AM
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 Skylux Realty Inc
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Investment Insights
Based on property information with market context.
This mixed-use property has a ground-floor retail space available and two renovated apartments on the upper level. Each apartment contains three bedrooms, two bathrooms, an open kitchen, and high ceilings. A full basement with a separate entrance adds storage space. The building dates to 1931 and has a listed property size of 3,375.
The property is near the Jamaica Avenue J train, with shopping and dining in the surrounding area.
The property is near the Jamaica Avenue J train, with shopping and dining in the surrounding area.
Key Highlights
- Available ground‑floor retail space
- Two renovated apartments, each with 3 bedrooms and 2 bathrooms
- Open kitchens and high ceilings in both apartments
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$82,500
Cap Rate
5.94%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,650,000
$1.7M
Cap Rate 7%
$1,178,571
$1.2M
Cap Rate 9%
$916,667
$916.7K
Market Conditions
NOI Build-Up for 3,375 SF
Gross rent
$155.9K $46.20/SF
− Vacancy
−$5.9K −$1.76/SF
EGI
$150.0K $44.44/SF
− OpEx
−$67.5K −$20.00/SF
NOI
$82.5K $24.44/SF
Area
Queens County, NY
Vacancy
3.80%
Lease Rate
$46.20 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,650,000
Cap Rate 7%
$1,178,571
Cap Rate 9%
$916,667
Alternative Uses
Best Use
Apartment 5plus
$1.18M
$1.03M – $1.38M
NOI $82,500 @ 7.0% cap · market cap 5.94%
Second Best
Retail
$860.6K
$753.1K – $1.00M
NOI $60,244 @ 7.0% cap · market cap 4.34%
Theoretical Best
Office A
$2.49M
$2.18M – $2.90M
NOI $174,166 @ 7.0% cap · market cap 12.55%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,983
Businesses Nearby
Explore this area
Business Placement
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
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - The building pairs an available street-level commercial space with two renovated apartments above.
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: Available ground‑floor retail space; Two renovated apartments, each with 3 bedrooms and 2 bathrooms; Open kitchens and high ceilings in both apartments
