Single-Story Retail
For Sale
$975,000
118-27 Guy R Brewer Boulevard, Jamaica, NY 11434
One-story commercial space on a main corridor with public transportation access.
Property Size1,140 SF
Lot Size0.04 Acres
Price / SF$855.26
Days on Market265
Property Features for 118-27 Guy R Brewer Boulevard
General Information
Standard status
Active
Size
1,140 SF
Lot size
0.04 Acres
Property subtype
Commercial
Zoning
R3-2 C1-3
Taxes and HOA fees
Annual Taxes
$8,322
Building Details
Building Size
1,140 SF
Year Built
1931
Buildings
1
Stories
1
Listing Agency:
LAFFEY REAL ESTATE
(718) 790-7277
Listed By:
Gurdeep Singh CBR
(718) 790-7277
Source:
Mydreamhomerealty
Added: Dec 6, 2025
Changed: Aug 28
Last Checked: Aug 25 at 9:26AM
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
Investment Insights
Based on property information with market context.
This retail storefront comprises a 1,140-square-foot, single-story commercial building on a 1,860-square-foot lot. The property was built in 1931 and has no basement, providing a straightforward footprint for retail or professional occupancy, subject to applicable zoning regulations.
Located at 118-27 Guy R Brewer Boulevard in Jamaica, the property fronts a main corridor in South Jamaica with access to public transportation and nearby neighborhood amenities and services. Zoning is R3-2 C1-3, and the site offers a compact commercial format for an owner-user or investor evaluating storefront space in Queens.
Located at 118-27 Guy R Brewer Boulevard in Jamaica, the property fronts a main corridor in South Jamaica with access to public transportation and nearby neighborhood amenities and services. Zoning is R3-2 C1-3, and the site offers a compact commercial format for an owner-user or investor evaluating storefront space in Queens.
Key Highlights
- 1,140‑square‑foot single‑story retail building
- 1,860‑square‑foot lot
- Built in 1931 with no basement
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$52,762
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.41%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,055,240
$1.1M
Cap Rate 7%
$753,743
$753.7K
Cap Rate 9%
$586,244
$586.2K
Market Conditions
NOI Build-Up for 1,140 SF
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.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
NOI $52,762 @ 7.0% cap · market cap 5.41%
Second Best
Retail
$290.7K
$254.4K – $339.2K
NOI $20,349 @ 7.0% cap · market cap 2.09%
Theoretical Best
Office A
$840.4K
$735.4K – $980.5K
NOI $58,829 @ 7.0% cap · market cap 6.03%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Storefront property - One-story commercial space on a main corridor with public transportation access.
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 single‑story retail building; 1,860‑square‑foot lot; Built in 1931 with no basement
