Mixed-Use Building with
For Sale
$1,798,000
10228 Jamaica Avenue, Richmond Hill, NY 11418
Commercial Sale, Richmond Hill, NY
Property Size6,270 SF
Lot Size0.05 Acres
Price / SF$286.76
Days on Market62
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Property Features for 10228 Jamaica Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
R6AC2-4
Rooms
Basement
Basement
Full, Finished
Elementary school district
Queens 27
Middle school district
Queens 27
High school district
Queens 27
Directions
Google Map
Standard status
Active
APN
09288-0013
Lot size
0.05 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
33546
Utilities
Utilities
Electricity Available
Sewer type
Public Sewer
Heating system
Hot Water(Heating)
Cooling system
Central Air
Water source
Public
Building Details
Year built
2007
Floors in Building
3
Number of units
5
Flooring type
Tile, Hardwood
Building materials
Brick
Listing Agency:
Prime America Real Estate Inc
(347) 725-3142
Listed By:
Gobinda K. Lama · License #10311207567
(646) 371-6141
Added: Aug 15
Changed: Oct 13
Last Checked: Oct 15 at 3:06PM
MLS# 1041494
Copyright © 2026 OneKey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This mixed-use property at 102-28 Jamaica Avenue includes approximately 6,270 square feet of interior space in a 2007 building constructed with brick, concrete, and steel. The ground floor contains approximately 2,040 square feet occupied by a medical office, while the finished basement provides an additional approximately 2,040 square feet and dedicated utility area. Four one-bedroom apartments, each approximately 500 square feet, comprise the residential portion. Independent heating and boiler systems serve the apartments, and the building includes a sprinkler system, central air, tile, hardwood flooring, public water, and public sewer.
The property is positioned along Jamaica Avenue in Richmond Hill, with access to the J and Z subway lines and the Q56 bus route. R6AC2-4 zoning applies to the site, which contains approximately 0.0534 acres.
The property is positioned along Jamaica Avenue in Richmond Hill, with access to the J and Z subway lines and the Q56 bus route. R6AC2-4 zoning applies to the site, which contains approximately 0.0534 acres.
Key Highlights
- Approximately 6,270 square feet of interior space
- Four approximately 500‑square‑foot one‑bedroom apartments
- Approximately 2,040‑square‑foot ground‑floor medical office
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$153,267
Cap Rate
8.52%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,065,340
$3.1M
Cap Rate 7%
$2,189,529
$2.2M
Cap Rate 9%
$1,702,967
$1.7M
Market Conditions
NOI Build-Up for 6,270 SF
Gross rent
$289.7K $46.20/SF
− Vacancy
−$11.0K −$1.76/SF
EGI
$278.7K $44.44/SF
− OpEx
−$125.4K −$20.00/SF
NOI
$153.3K $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%
$3,065,340
Cap Rate 7%
$2,189,529
Cap Rate 9%
$1,702,967
Alternative Uses
Best Use
Office B
$2.95M
$2.58M – $3.44M
NOI $206,432 @ 7.0% cap · market cap 11.48%
Second Best
Apartment 5plus
$2.19M
$1.92M – $2.55M
NOI $153,267 @ 7.0% cap · market cap 8.52%
Theoretical Best
Office A
$4.62M
$4.04M – $5.39M
NOI $323,562 @ 7.0% cap · market cap 18.00%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
1
Office units
4
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Sprinkler system
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
2,620
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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Fully occupied property combines medical office space with residential units.
Where is this mixed-use property located?
The property is located at 10228 Jamaica Avenue Richmond Hill, NY.
What is the asking price?
The asking price for this property is $1,798,000.
What are key features of this property?
This property features: Approximately 6,270 square feet of interior space; Four approximately 500‑square‑foot one‑bedroom apartments; Approximately 2,040‑square‑foot ground‑floor medical office
