Mixed-Use Property with
For Sale
$1,288,000
106-17 Jamaica Avenue, Richmond Hill, NY 11418
A street-level commercial unit is paired with two four-bedroom apartments, a finished basement, and a private garage.
Property Size3,363 SF
Price / SF$382.99
Days on Market144
Property Features for 106-17 Jamaica Avenue
General Information
Standard status
Active
Size
3,363 SF
Total Parking Spaces
2
Property subtype
Commercial
Zoning
R6A C24
Site & Location
Road Access
Yes
Public Transit
Yes
Mixed-Use Components
retail, residential
Units
Unit Mix
2 x 4BR/1BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$5,988
Building Details
Building Size
3,363 SF
Year Built
1920
Buildings
1
Stories
3
Units
3
Tenancy
Multi
Listed By:
Gail Leone
(914) 723-8228
Source:
Clairedleone
Added: Jun 3
Changed: Oct 23
Last Checked: Oct 23 at 5:23PM
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 Gail Leone
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Investment Insights
Based on property information with market context.
This 3,363-square-foot mixed-use property at 106-17 Jamaica Avenue combines a ground-floor storefront with two residential apartments above. The commercial space includes two half bathrooms. Each apartment has four bedrooms and one full bathroom. A finished basement and private two-car garage are also part of the property. Built in 1920, the building is zoned R6A C24.
The property is on Jamaica Avenue in Richmond Hill, near the 104th Street station for the J and Z subway lines and the Q56 bus route. Forest Park and Jamaica Center are also nearby.
The property is on Jamaica Avenue in Richmond Hill, near the 104th Street station for the J and Z subway lines and the Q56 bus route. Forest Park and Jamaica Center are also nearby.
Key Highlights
- 3,363‑square‑foot mixed‑use property with one storefront and two apartments
- Two upper‑floor apartments, each with four bedrooms and one full bathroom
- Ground‑floor storefront with two half bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$82,207
Cap Rate
6.38%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,644,140
$1.6M
Cap Rate 7%
$1,174,386
$1.2M
Cap Rate 9%
$913,411
$913.4K
Market Conditions
NOI Build-Up for 3,363 SF
Gross rent
$155.4K $46.20/SF
− Vacancy
−$5.9K −$1.76/SF
EGI
$149.5K $44.44/SF
− OpEx
−$67.3K −$20.00/SF
NOI
$82.2K $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%
$1,644,140
Cap Rate 7%
$1,174,386
Cap Rate 9%
$913,411
Alternative Uses
Best Use
Apartment 5plus
$1.17M
$1.03M – $1.37M
NOI $82,207 @ 7.0% cap · market cap 6.38%
Second Best
Retail
$857.6K
$750.4K – $1.00M
NOI $60,030 @ 7.0% cap · market cap 4.66%
Theoretical Best
Office A
$2.48M
$2.17M – $2.89M
NOI $173,547 @ 7.0% cap · market cap 13.47%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,983
Businesses Nearby
46k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 75%
Shops & Services 14%
Dining 11%
C-Town Supermarkets
Groceries
19,248 visits/mo
0.1 miles
Western Beef
Groceries
15,102 visits/mo
0.5 miles
Family Dollar
Shops & Services
5,867 visits/mo
0.3 miles
Domino's Pizza
Dining
2,852 visits/mo
0.2 miles
Little Caesars Pizza
Dining
2,186 visits/mo
0.1 miles
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
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Market
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - A street-level commercial unit is paired with two four-bedroom apartments, a finished basement, and a private garage.
Where is this mixed-use property located?
The property is located at 106-17 Jamaica Avenue Richmond Hill, NY.
What is the asking price?
The asking price for this property is $1,288,000.
What are key features of this property?
This property features: 3,363‑square‑foot mixed‑use property with one storefront and two apartments; Two upper‑floor apartments, each with four bedrooms and one full bathroom; Ground‑floor storefront with two half bathrooms
