Single-Story Retail
For Sale
$975,000
118-27 Guy R Brewer Boulevard, Jamaica, NY 11434
Commercial Sale, Jamaica, NY
Property Size1,140 SF
Lot Size0.04 Acres
Price / SF$855.26
Days on Market271
Property Features for 118-27 Guy R Brewer Boulevard
General Information
Property type
Commercial Sale
Property subtype
Retail
Zoning
R3-2 C1-3
Rooms
Basement
Basement
Finished, Full
Standard status
Active
APN
12354-0006
Lot size
0.04 Acres
Taxes and HOA fees
Tax Year
2024
Tax Annual Amount
8322
Utilities
Utilities
Natural Gas Available
Sewer type
Public Sewer
Heating system
Natural Gas
Cooling system
Central Air
Water source
Public
Building Details
Year built
1931
Floors in Building
1
Building materials
Brick
Listing Agency:
LAFFEY REAL ESTATE
(516) 627-4343
Listed By:
Gurdeep Singh CBR
(718) 790-7277
Added: Dec 5, 2025
Changed: Aug 19
Last Checked: Sep 2 at 5:06PM
MLS# 941314
Copyright © 2026 OneKey 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 single-story storefront property in Jamaica, NY, contains 1,140 square feet on a 1,860-square-foot lot. The brick building was constructed in 1931 and is equipped with central air conditioning and natural gas heating. Public water and public sewer serve the property, with natural gas available as a utility.
The site is positioned along Guy R Brewer Boulevard in South Jamaica, Queens, a corridor described as having substantial pedestrian and vehicle activity. Public transportation is readily accessible, and the property is near neighborhood services and amenities. Zoning is designated R3-2 C1-3, providing the applicable framework for evaluating future commercial use.
The site is positioned along Guy R Brewer Boulevard in South Jamaica, Queens, a corridor described as having substantial pedestrian and vehicle activity. Public transportation is readily accessible, and the property is near neighborhood services and amenities. Zoning is designated R3-2 C1-3, providing the applicable framework for evaluating future commercial use.
Key Highlights
- 1,140‑square‑foot single‑story storefront on a 1,860‑square‑foot lot
- Located at 118‑27 Guy R Brewer Boulevard in Jamaica, NY 11434
- Zoning: R3‑2 C1‑3
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
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Frequently Asked Questions
What type of property is this?
Storefront property - Brick commercial building with central air, natural gas heating, and public utilities on a major South Jamaica corridor.
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 storefront on a 1,860‑square‑foot lot; Located at 118‑27 Guy R Brewer Boulevard in Jamaica, NY 11434; Zoning: R3‑2 C1‑3
