Mixed-Use Property with 1 Commercial
113-10 Jamaica Ave New York, NY 11418
113-10 Jamaica Ave, New York, NY, 11418
$1,480,000
For Sale
$1,480,000
COMMERCIAL - New York, NY
Property Size3,300 SF
Lot Size0.08 Acres
Price / SF$448.48
Days on Market8
Property Features for 113-10 Jamaica Ave
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Security features
- Security System
- Standard status
- Active
- Size
- 3,300 SF
- Lot size
- 0.08 Acres
Taxes and HOA fees
- Tax Annual Amount
- 10557
Utilities
- Heating system
- Natural Gas
- Water source
- Public
Building Details
- Year built
- 1920
- Building materials
- Brick
- Roof type
- Flat
Listing Agency
EXP COMMERCIAL LLC
8554520344x105
165 Broadway STE 2326, NEW YORK, NY
Added: Jul 10 Checked: Jul 17 at 12:06 pm
MLS# 11878328
Copyright © 2026 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This mixed-use three-unit property blends residential income with commercial space. The building includes two residential units and one commercial unit, providing an owner the opportunity to combine multiple income streams under one roof.
Located on Jamaica Ave in the Richmond Hill neighborhood of Queens, NY. The property is offered for sale with stated current cap rate of 6.33% and pro forma cap rate of 7.65%.
With a total property size of 3,300 square feet, the configuration supports both live-and-work use and tenant occupancy across the residential and commercial components.
Located on Jamaica Ave in the Richmond Hill neighborhood of Queens, NY. The property is offered for sale with stated current cap rate of 6.33% and pro forma cap rate of 7.65%.
With a total property size of 3,300 square feet, the configuration supports both live-and-work use and tenant occupancy across the residential and commercial components.
Key Highlights
- Mixed‑use property with 3 total units: 2 residential units and 1 commercial unit
- Brick construction with natural gas heating
- Public water source; flat roof
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $168.3k | $51.00 |
| − Vacancy | −$8.8k | −$2.65 |
| EGI | $159.5k | $48.35 |
| − OpEx | −$47.9k | −$14.50 |
| NOI | $111.7k | $33.84 |
3,300 SF · lease $51.00/SF/yr · vacancy 5.20% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.60M
$1.40M – $1.86M
NOI $111,684 @ 7.0% cap · market cap 7.55%
Second Best
Mixed Use
$1.50M
$1.31M – $1.75M
NOI $105,188 @ 7.0% cap · market cap 7.11%
Theoretical Best
Specialty Retail
$8.21M
$7.19M – $9.58M
NOI $574,992 @ 7.0% cap · market cap 38.85%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Isalis
(Bike/Boat/Book/etc) Store
Party City
Party Supply Store
Skunk Funk
Big Box & Wholesale Store
Carl's Trading Co
Hat Shop
Bushka's Kitchen LLC
(Bike/Boat/Book/etc) Store
Similar For Sale Nearby
FAQs
What type of property is this?
Mixed-use property - Mixed-use three-unit property offering two residential units and one commercial unit on Jamaica Ave.
Where is this mixed-use property located?
The property is located at 113-10 Jamaica Ave New York, NY.
What is the asking price?
The asking price for this property is $1,480,000.
What are key features of this property?
This property features: Mixed‑use property with 3 total units: 2 residential units and 1 commercial unit; Brick construction with natural gas heating; Public water source; flat roof
