Mixed-Use Property with Two
113-10 Jamaica Avenue, Richmond Hill, NY 11418
For Sale
$1,480,000
A street-level commercial space sits beneath residential units, supporting a combined business and housing configuration.
Property Size3,300 SF
Price / SF$448.48
Days on Market99
Property Features for 113-10 Jamaica Avenue
General Information
Standard status
Size
Zoning
Site & Location
Road Access
Mixed-Use Components
Additional Details
Multifamily Units
Listing Agency:
EXP COMMERCIAL LLC
Listed By:
Jiangwei "Wayne" Zhou · License #10301222821
(646) 812-2151
Source:
Expcommercial
Added: Aug 3
Changed: Nov 8
Last Checked: Nov 8 at 2:09AM
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 EXP COMMERCIAL LLC
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Investment Insights
Based on property information with market context.
This mixed-use property pairs a ground-floor commercial space with two residential units above. The residential accommodations are described as fully renovated, with three bedrooms and two bathrooms. The configuration allows for commercial activity at street level alongside housing in the same building.
The property is on Jamaica Avenue in Richmond Hill, New York, and was built in 1920.
The property is on Jamaica Avenue in Richmond Hill, New York, and was built in 1920.
Key Highlights
- Ground‑floor commercial space with two residential units above
- Upper units are described as fully renovated, with 3 bedrooms and 2 bathrooms
- Located on Jamaica Avenue in Richmond Hill
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$80,667
Cap Rate
5.45%
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 5.45%
Second Best
Retail
$841.5K
$736.3K – $981.8K
NOI $58,905 @ 7.0% cap · market cap 3.98%
Theoretical Best
Office A
$2.43M
$2.13M – $2.84M
NOI $170,296 @ 7.0% cap · market cap 11.51%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Current Use
Lease Details
2
Residential units
Yes
Paved road access
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
$772,800
Median Home Value
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Market
Average Price Trend$/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 - A street-level commercial space sits beneath residential units, supporting a combined business and housing configuration.
Where is this mixed-use property located?
The property is located at 113-10 Jamaica Avenue Richmond Hill, 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: Ground‑floor commercial space with two residential units above; Upper units are described as fully renovated, with 3 bedrooms and 2 bathrooms; Located on Jamaica Avenue in Richmond Hill
