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    19529 Jamaica Ave Hollis, NY 11423

    Sponsored
    For Sale
    $1,188,888

    Prime Hollis location, high-return potential.

    Property size:
    2,496 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    337
    This exceptional mixed-use property at 19529 Jamaica Ave Unit 3, Hollis, NY, presents a lucrative investment opportunity. The building, measuring 18x60 feet, offers a total of 2,496 square feet of space, strategically divided for optimal income generation. The ground floor features a sizable commercial storefront, ideal for a variety of retail businesses. The upper floors provide substantial residential rental income. The first floor apartment boasts two bedrooms, a living room, kitchen, and a full bathroom. The second floor apartment is equally spacious, offering three bedrooms, a living/dining area, kitchen, and a full bathroom. Hardwood floors are featured throughout the entire building. A full basement adds significant storage capacity and potential for expansion or additional rental space. The property sits on a 0-acre lot, offering convenient access and minimal maintenance. This property is perfect for an investor seeking a blend of commercial and residential income streams in a thriving neighborhood. The asking price of $1,188,888 reflects the significant potential for return on investment. This is a rare opportunity to acquire a well-maintained, income-producing property in a desirable location. Don't miss out on this chance to secure a valuable asset in the competitive Hollis real estate market.

    Property Features for 19529 Jamaica Ave

    General Information

    Property type
    Other commercial real estate
    Square Feet
    2,496 SF

    Building Details

    Year Built
    1931
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    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
    -73.7648
    Latitude
    40.71353

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    FAQs

    What type of property is this?
    Commercial real estate - Prime Hollis location, high-return potential.
    Where is this commercial real estate located?
    The property is located at 19529 Jamaica Ave Hollis, NY.
    What is the asking price?
    The asking price for this property is $1,188,888.
    (516) 681-2600
    Request Owner's contact information
    19529 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
    19529 Jamaica Ave Hollis, NY 11423
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