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    19619 Jamaica Ave Hollis, NY 11423

    Sponsored
    For Sale
    $949,000

    Prime Hollis location, pharmacy & apartments

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    337
    This exceptional mixed-use property in the vibrant Hollis neighborhood presents a compelling investment opportunity. Situated on a 0.05-acre lot at 19619 Jamaica Avenue, this building boasts a strategic location with high foot and vehicle traffic, ensuring excellent visibility and accessibility. The property comprises two distinct components: a thriving commercial space and a residential section. The ground floor encompasses 1,169 square feet currently operating as a successful pharmacy, providing a stable income stream. The second floor offers two apartments, each contributing to the property's overall rental income potential. The residential space also totals 1,169 square feet, mirroring the commercial area in size. This balanced configuration offers a unique blend of commercial and residential income, making it an attractive investment for both seasoned and emerging investors. The property's prime location in Hollis, combined with its substantial size and existing income-generating tenants, positions it for continued growth and profitability. This is a rare opportunity to acquire a well-established mixed-use property in a high-demand area. The property is priced at $949,000, reflecting its strong potential for return on investment. Serious inquiries are encouraged.

    Property Features for 19619 Jamaica Ave

    General Information

    Property type
    Mixed-use properties
    Lot Size
    2,178 SF

    Building Details

    Year Built
    1931
    Property Profile Location Intelligence

    Current Use by Public Records

    Mixed-use properties

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Hollis
    County
    Queens
    State
    New York
    Longitude
    -73.76315
    Latitude
    40.7136

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    FAQs

    What type of property is this?
    Mixed-use property - Prime Hollis location, pharmacy & apartments
    Where is this mixed-use property located?
    The property is located at 19619 Jamaica Ave Hollis, NY.
    What is the asking price?
    The asking price for this property is $949,000.
    (646) 529-5240
    Request Owner's contact information
    19619 Jamaica Ave Hollis, NY 11423
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    Hollis, NY 11423
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    19619 Jamaica Ave Hollis, NY 11423
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