Mixed-Use Building with
104-28 Jamaica Avenue, Richmond Hill, NY 11418
For Sale
$1,149,999
The vacant ground-floor commercial space offers an owner-user or landlord the opportunity to occupy or lease the storefront.
Property Size1,760 SF
Price / SF$653.41
Days on Market53
Property Features for 104-28 Jamaica Avenue
General Information
Standard status
Size
Property subtype
Site & Location
Public Transit
Utilities to Site
Mixed-Use Components
Units
Unit Mix
Multifamily Units
Individually Metered Utilities
Additional Details
Tenant in Place
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Buildings
Units
Construction
Listing Agency:
Homix Realty Inc
(929) 666-9886
Listed By:
Junbing Ye
(347) 272-8002
Source:
Adamstreetrealty
Added: Sep 16
Changed: Nov 6
Last Checked: Nov 7 at 3:33PM
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 Homix Realty Inc
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1,760-square-foot mixed-use building, constructed in 1920, has a commercial space at street level and a residential unit above. The ground-floor storefront is vacant. The second-floor apartment has four bedrooms and two bathrooms and was renovated in 2019; its tenants hold month-to-month leases.
The property is on Jamaica Avenue in Richmond Hill, steps from the J/Z subway line. Gas and electric service are separately metered.
The property is on Jamaica Avenue in Richmond Hill, steps from the J/Z subway line. Gas and electric service are separately metered.
Key Highlights
- 1,760‑square‑foot mixed‑use building constructed in 1920
- Vacant commercial storefront on the ground floor
- Second‑floor apartment renovated in 2019 with 4 bedrooms and 2 bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$43,022
Cap Rate
3.74%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$860,440
$860.4K
Cap Rate 7%
$614,600
$614.6K
Cap Rate 9%
$478,022
$478.0K
Market Conditions
NOI Build-Up for 1,760 SF
Gross rent
$81.3K $46.20/SF
− Vacancy
−$3.1K −$1.76/SF
EGI
$78.2K $44.44/SF
− OpEx
−$35.2K −$20.00/SF
NOI
$43.0K $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%
$860,440
Cap Rate 7%
$614,600
Cap Rate 9%
$478,022
Alternative Uses
Best Use
Apartment 5plus
$614.6K
$537.8K – $717.0K
NOI $43,022 @ 7.0% cap · market cap 3.74%
Second Best
Retail
$448.8K
$392.7K – $523.6K
NOI $31,416 @ 7.0% cap · market cap 2.73%
Theoretical Best
Office A
$1.30M
$1.14M – $1.51M
NOI $90,824 @ 7.0% cap · market cap 7.90%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
1
Residential units
Yes
Utilities to site
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
$772,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Mixed-use properties in Queens County, NY
Properties on Market for Mixed-use properties in Queens County
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - The vacant ground-floor commercial space offers an owner-user or landlord the opportunity to occupy or lease the storefront.
Where is this mixed-use property located?
The property is located at 104-28 Jamaica Avenue Richmond Hill, NY.
What is the asking price?
The asking price for this property is $1,149,999.
What are key features of this property?
This property features: 1,760‑square‑foot mixed‑use building constructed in 1920; Vacant commercial storefront on the ground floor; Second‑floor apartment renovated in 2019 with 4 bedrooms and 2 bathrooms
