Mixed-Use Building with
For Sale
$5,350,000
10438 Jamaica Avenue, Richmond Hill, NY 11418
Two-family space, multiple storefronts, warehouse capacity, basement storage, and an on-site parking area occupy one property.
Property Size9,520 SF
Lot Size0.23 Acres
Days on Market303
Property Features for 10438 Jamaica Avenue
General Information
Standard status
Active
Size
9,520 SF
Lot size
0.23 Acres
Property subtype
Warehouse
Additional Details
Warehouse Space
4,000 SF
Taxes and HOA fees
Annual Taxes
$53,494
Building Details
Building Size
9,520 SF
Year Built
1964
Listing Agency:
Building 1 Property Mgmt Corp
Listed By:
William Li CBR
(718) 463-8518
Source:
Yourhomesoldguaranteedrealty-therealmccoyteam
Added: Dec 17, 2025
Changed: Oct 5
Last Checked: Oct 14 at 7:40PM
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 Building 1 Property Mgmt Corp
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Investment Insights
Based on property information with market context.
This mixed-use property combines a two-family residential component with three street-facing retail spaces. Additional improvements include a 4000 sqft warehouse, a 2000 sqft basement, and a 4000 sqft parking lot. The building was constructed in 1964.
Located at 10438 Jamaica Avenue in Jamaica North, NY 11418, the property brings residential, storefront, storage, and parking elements together within one mixed-use building package. Its configuration includes separate residential and commercial components, along with warehouse and basement areas that expand the available functional space.
Located at 10438 Jamaica Avenue in Jamaica North, NY 11418, the property brings residential, storefront, storage, and parking elements together within one mixed-use building package. Its configuration includes separate residential and commercial components, along with warehouse and basement areas that expand the available functional space.
Key Highlights
- Two‑family residential component within a mixed‑use property
- Three storefronts included in the building package
- 4000 sqft warehouse
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$232,711
Cap Rate
4.35%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,654,220
$4.7M
Cap Rate 7%
$3,324,443
$3.3M
Cap Rate 9%
$2,585,678
$2.6M
Market Conditions
NOI Build-Up for 9,520 SF
Gross rent
$439.8K $46.20/SF
− Vacancy
−$16.7K −$1.76/SF
EGI
$423.1K $44.44/SF
− OpEx
−$190.4K −$20.00/SF
NOI
$232.7K $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%
$4,654,220
Cap Rate 7%
$3,324,443
Cap Rate 9%
$2,585,678
Alternative Uses
Best Use
Apartment 5plus
$3.32M
$2.91M – $3.88M
NOI $232,711 @ 7.0% cap · market cap 4.35%
Second Best
Retail
$2.43M
$2.12M – $2.83M
NOI $169,932 @ 7.0% cap · market cap 3.18%
Theoretical Best
Office A
$7.02M
$6.14M – $8.19M
NOI $491,278 @ 7.0% cap · market cap 9.18%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
2,620
Businesses Nearby
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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 Industrial in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Two-family space, multiple storefronts, warehouse capacity, basement storage, and an on-site parking area occupy one property.
Where is this mixed-use property located?
The property is located at 10438 Jamaica Avenue Richmond Hill, NY.
What is the asking price?
The asking price for this property is $5,350,000.
What are key features of this property?
This property features: Two‑family residential component within a mixed‑use property; Three storefronts included in the building package; 4000 sqft warehouse
