Building Details

Building Size 1,140 SF

Year Built 1931

Buildings 1

Stories 1

Listing Agency: LAFFEY REAL ESTATE m***@laffeyre.com Show Phone

Listed By: Gurdeep Singh CBR Show Phone

Source: Croninreale

Added: Dec 6, 2025 Changed: Oct 23 Last Checked: Oct 23 at 5:17PM

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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 LAFFEY REAL ESTATE

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Investment Insights

Based on property information with market context.

This single-story retail property contains 1,140 square feet on a 1,860-square-foot lot. Built in 1931, the building has no basement and carries R3-2 C1-3 zoning. Its storefront configuration places the commercial space directly at street level.

The property is at 118-27 Guy R Brewer Boulevard in Jamaica, Queens, on a corridor with public transportation access. Neighborhood amenities and services are nearby.

Key Highlights

• 1,140‑square‑foot building on a 1,860‑square‑foot lot
• Single‑story building with no basement
• R3‑2 C1‑3 zoning

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$52,762

Cap Rate

5.41%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,055,240 $1.1M

Cap Rate 7%

$753,743 $753.7K

Cap Rate 9%

$586,244 $586.2K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,140 SF

Gross rent

$75.2K $66.00/SF

− Vacancy

−$4.9K −$4.29/SF

EGI

$70.3K $61.71/SF

− OpEx

−$17.6K −$15.43/SF

NOI

$52.8K $46.28/SF

Area

Queens County, NY

Vacancy

6.50%

Lease Rate

$66.00 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,055,240

Cap Rate 7%

$753,743

Cap Rate 9%

$586,244

Alternative Uses

Best Use

Specialty Retail

$753.7K

$659.5K – $879.4K (±1% cap)

NOI $52,762 @ 7.0% cap · market cap 5.41%

Second Best

Retail

$290.7K

$254.4K – $339.2K (±1% cap)

NOI $20,349 @ 7.0% cap · market cap 2.09%

Theoretical Best

Office A

$840.4K

$735.4K – $980.5K (±1% cap)

NOI $58,829 @ 7.0% cap · market cap 6.03%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Storefront properties

Suggested Use

Top Pick Law Firm Real Estate Agency Dental Office Parking Lot & Garage Gym & Fitness Center Skin Care Clinic

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

5,902

Businesses Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Demographics for 11434, NY

66,964

Population

23,787

Households

2.8

Avg Household Size

40

Median Age

22%

College-Educated

87%

High-School Grad

3.2 sq mi

ZIP Area

20,926

Density / Sq Mi

$76,668

Median Household Income

$46,742

Median Earnings

$1,409

Median Rent

$585,600

Median Home Value

Market

Vacancy Rate% for Retail in Northeast region

6% 2019

7.1% 2020

6.5% 2021

6% 2022

5.7% 2023

5.6% 2024

6% 2025

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Two-Story Vacant Retail Building

92-22 Guy R Brewer Boulevard, Jamaica, NY 11433

Contact for pricing

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Mixed-Use Building with Two Apartments

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Two-Building Multifamily Property

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Similar Off Market Nearby

• AFLORESC STORE — 10757 Union Hall St, Queens, NY 11433
• David Flowers — 9040 160th St, Jamaica, NY 11432
• J&J Floral Variety — 87-40 Parsons Blvd, Queens, NY 11432
• Benicia Florist Same Day Delivery Inc — 90-48 170th st #6, queens, ny 11432
• Aves Del Paraiso Florist — 16905 Hillside Ave., Jamaica, NY 11432

Frequently Asked Questions

What type of property is this?

Storefront property - A compact commercial space with access to public transportation along Guy R. Brewer Boulevard.

Where is this storefront property located?

The property is located at 118-27 Guy R Brewer Boulevard Jamaica, NY.

What is the asking price?

The asking price for this property is $975,000.

What are key features of this property?

This property features: 1,140‑square‑foot building on a 1,860‑square‑foot lot; Single‑story building with no basement; R3‑2 C1‑3 zoning