Mixed-Use Corner Property on
For Sale
$1,400,000
Pending
177-07 Jamaica Avenue, Jamaica, NY 11432
Mixed-use property with grocery store, apartment, and development potential.
Property Size2,860 SF
Days on Market598
Property Features for 177-07 Jamaica Avenue
General Information
Standard status
Pending
Size
2,860 SF
Property subtype
Commercial/Industrial
Building Details
Year Built
1910
Listing Agency:
Hayliam Realty LLC
(646) 529-5240
Listed By:
Dinesh Prasad · License #10491212458
(646) 529-5240
Source:
Exitrealty
Added: Dec 10, 2024
Changed: Jul 10
Last Checked: Jul 31 at 4:12PM
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 Hayliam Realty LLC
Investment Insights
Based on property information with market context.
This mixed-use corner property features a first floor currently configured as a grocery store and a second floor with a 3-bedroom apartment. The property includes a 2-car garage. Situated on Jamaica Avenue, the location benefits from high car and foot traffic. The commercial space is approximately 1,600 square feet, while the residential unit offers 1,260 square feet. There is potential to build an additional 4,048 square feet.
Key Highlights
- High‑traffic corner property on Jamaica Avenue.
- Mixed‑use property with commercial and residential units.
- Potential to build an additional 4,048 sq ft.
Financial Insights For Retail
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 | $85.8k | $30.00 |
| − Vacancy | −$12.9k | −$4.50 |
| EGI | $72.9k | $25.50 |
| − OpEx | −$21.9k | −$7.65 |
| NOI | $51.1k | $17.85 |
2,860 SF · lease $30.00/SF/yr · vacancy 15.00% · expense 30.00%
Alternative Uses
Best Use
Specialty Retail
$1.89M
$1.65M – $2.21M
NOI $132,368 @ 7.0% cap · market cap 9.45%
Second Best
Retail
$729.3K
$638.1K – $850.9K
NOI $51,051 @ 7.0% cap · market cap 3.65%
Theoretical Best
Office A
$2.11M
$1.84M – $2.46M
NOI $147,590 @ 7.0% cap · market cap 10.54%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
3,915
Businesses Nearby
Explore this area
Business Placement
Demographics for 11432, NY
65,743
Population
21,618
Households
3
Avg Household Size
39
Median Age
36%
College-Educated
80%
High-School Grad
2.0 sq mi
ZIP Area
32,872
Density / Sq Mi
$75,395
Median Household Income
$37,385
Median Earnings
$1,841
Median Rent
$826,100
Median Home Value
Market
Properties on Market for Mixed-use properties in Queens County
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Mixed-use property - Mixed-use property with grocery store, apartment, and development potential.
Where is this mixed-use property located?
The property is located at 177-07 Jamaica Avenue Jamaica, NY.
What is the asking price?
The asking price for this property is $1,400,000.
What are key features of this property?
This property features: High‑traffic corner property on Jamaica Avenue.; Mixed‑use property with commercial and residential units.; Potential to build an additional 4,048 sq ft.
