Mixed-Use Building with
New
For Sale
$899,999
106-07 Guy R Brewer Boulevard, Jamaica, NY 11433
An approved plan provides for a seven-family configuration alongside storefront space, with renovation required.
Property Size3,300 SF
Lot Size0.05 Acres
Price / SF$272.73
Days on Market3
Property Features for 106-07 Guy R Brewer Boulevard
General Information
Standard status
Active
Size
3,300 SF
Lot size
0.05 Acres
Property subtype
Residential Income
Zoning
R7A, C1-4
Property Condition
Severity
Major Repairs Needed
Evidence
Need complete renovation.
Site & Location
Road Access
Yes
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$3,769
Building Details
Building Size
3,300 SF
Year Built
1931
Buildings
1
Stories
3
Units
3
Listing Agency:
Exit Realty Prime
Listed By:
Moniruzzaman R. Majumder CBR
Source:
Georgemcknight
Added: Oct 23
Changed: Oct 24
Last Checked: Oct 24 at 2:54PM
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 Exit Realty Prime
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Investment Insights
Based on property information with market context.
The property is a three-story mixed-use building with a storefront component. The existing 3,300-square-foot structure requires complete renovation. An approved plan provides for a seven-family building with storefront space; the lot measures 20 by 100 feet, with 8,000 square feet of total buildable area. Zoning is R7A and C1-4.
The property is on Guy R Brewer Boulevard in Jamaica, Queens, next to York College and two blocks from Jamaica Center Train Station.
The property is on Guy R Brewer Boulevard in Jamaica, Queens, next to York College and two blocks from Jamaica Center Train Station.
Key Highlights
- Approved plan for a seven‑family building with storefront
- Three‑story, 3,300‑square‑foot structure requiring complete renovation
- 20‑by‑100‑foot lot with 8,000 square feet of buildable area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$80,667
Cap Rate
8.96%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,613,340
$1.6M
Cap Rate 7%
$1,152,386
$1.2M
Cap Rate 9%
$896,300
$896.3K
Market Conditions
NOI Build-Up for 3,300 SF
Gross rent
$152.5K $46.20/SF
− Vacancy
−$5.8K −$1.76/SF
EGI
$146.7K $44.44/SF
− OpEx
−$66.0K −$20.00/SF
NOI
$80.7K $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%
$1,613,340
Cap Rate 7%
$1,152,386
Cap Rate 9%
$896,300
Alternative Uses
Best Use
Apartment 5plus
$1.15M
$1.01M – $1.34M
NOI $80,667 @ 7.0% cap · market cap 8.96%
Second Best
Retail
$841.5K
$736.3K – $981.8K
NOI $58,905 @ 7.0% cap · market cap 6.55%
Theoretical Best
Office A
$2.43M
$2.13M – $2.84M
NOI $170,296 @ 7.0% cap · market cap 18.92%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
5,902
Businesses Nearby
Explore this area
Business Placement
Demographics for 11433, NY
39,071
Population
11,849
Households
3.3
Avg Household Size
37
Median Age
19%
College-Educated
77%
High-School Grad
1.5 sq mi
ZIP Area
26,047
Density / Sq Mi
$71,177
Median Household Income
$39,540
Median Earnings
$1,529
Median Rent
$625,600
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - An approved plan provides for a seven-family configuration alongside storefront space, with renovation required.
Where is this mixed-use property located?
The property is located at 106-07 Guy R Brewer Boulevard Jamaica, NY.
What is the asking price?
The asking price for this property is $899,999.
What are key features of this property?
This property features: Approved plan for a seven‑family building with storefront; Three‑story, 3,300‑square‑foot structure requiring complete renovation; 20‑by‑100‑foot lot with 8,000 square feet of buildable area
