Mixed-Use Building with
For Sale
$1,500,000
125-16 Jamaica Ave, Richmond Hill, NY 11418
Three stories combine a commercial storefront, residential apartments, and separately metered gas and electric service.
Property Size4,000 SF
Price / SF$375
Days on Market50
Property Features for 125-16 Jamaica Ave
General Information
Standard status
Active
Size
4,000 SF
Property subtype
Multi-Unit (2-4)
Zoning
R6A / C2-4
Occupancy
100%
Site & Location
Road Access
Yes
Public Transit
Yes
Utilities to Site
Yes
Mixed-Use Components
commercial, residential
Units
Multifamily Units
3
Individually Metered Utilities
gas, electric
Additional Details
Tenant in Place
Yes
Building Details
Year Built
1920
Buildings
1
Stories
3
Construction
brick
Tenancy
Multi
Listing Agency:
Gosen properties
(718) 704-0494
Listed By:
Emmanuel Victor
(718) 598-7374
Source:
Gosenproperties
Added: Sep 10
Changed: Oct 28
Last Checked: Oct 28 at 4:10PM
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 Gosen properties
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Investment Insights
Based on property information with market context.
This 4,000-square-foot, three-story brick mixed-use building was constructed in 1920. Its layout includes a ground-floor commercial storefront, two full-floor apartments, and a built-out one-bedroom unit. The storefront is leased to a barber shop, and the residential units have been renovated. Building upgrades include a new roof, water heater, and electrical system. Gas and electric are separately metered for all units.
Located at 125-16 Jamaica Avenue in Richmond Hill, the property is zoned R6A / C2-4. The 121st Street station, served by the J and Z subway lines, is roughly one block away. Bus service also runs along Jamaica Avenue.
Located at 125-16 Jamaica Avenue in Richmond Hill, the property is zoned R6A / C2-4. The 121st Street station, served by the J and Z subway lines, is roughly one block away. Bus service also runs along Jamaica Avenue.
Key Highlights
- 4,000‑square‑foot, three‑story brick mixed‑use building
- Ground‑floor storefront leased to a barber shop
- Two full‑floor apartments and a built‑out one‑bedroom unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$97,778
Cap Rate
6.52%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,955,560
$2.0M
Cap Rate 7%
$1,396,829
$1.4M
Cap Rate 9%
$1,086,422
$1.1M
Market Conditions
NOI Build-Up for 4,000 SF
Gross rent
$184.8K $46.20/SF
− Vacancy
−$7.0K −$1.76/SF
EGI
$177.8K $44.44/SF
− OpEx
−$80.0K −$20.00/SF
NOI
$97.8K $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%
$1,955,560
Cap Rate 7%
$1,396,829
Cap Rate 9%
$1,086,422
Alternative Uses
Best Use
Apartment 5plus
$1.40M
$1.22M – $1.63M
NOI $97,778 @ 7.0% cap · market cap 6.52%
Second Best
Retail
$1.02M
$892.5K – $1.19M
NOI $71,400 @ 7.0% cap · market cap 4.76%
Theoretical Best
Office A
$2.95M
$2.58M – $3.44M
NOI $206,419 @ 7.0% cap · market cap 13.76%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
3
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Paved road access
Yes
Utilities to site
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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Three stories combine a commercial storefront, residential apartments, and separately metered gas and electric service.
Where is this mixed-use property located?
The property is located at 125-16 Jamaica Ave Richmond Hill, NY.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: 4,000‑square‑foot, three‑story brick mixed‑use building; Ground‑floor storefront leased to a barber shop; Two full‑floor apartments and a built‑out one‑bedroom unit
