Brick Mixed-Use
12615 JAMAICA AVE Jamaica, NY 11418
12615 JAMAICA AVE, Jamaica, NY, 11418
$1,328,000
For Sale
$1,328,000
Fully rented brick mixed-use building with a high-visibility storefront and two 2BR/1BA residences.
Property Size1,670 SF
Price / SF$795.21
Days on Market179
Property Features for 12615 JAMAICA AVE
General Information
- Standard status
- Active
- Size
- 1,670 SF
- Property subtype
- Mixed Use
Building Details
- Year Built
- 1920
Listing agency
B Square Realty
(347) 272-8002
Listed by
Junbing Ye
(347) 272-8002
Source
Xome
Added: Jan 24 Updated: Jul 22 at 3:40AM Checked: Jul 22 at 3:40AM
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 B Square Realty
Investment Insights
Based on property information with market context.
This fully rented, well-maintained brick mixed-use building includes a high-visibility storefront plus two residential units. Each apartment offers 2 bedrooms and 1 bathroom. The property was renovated and updated approximately 6 years ago, including new windows, electrical work, and a heating system.
Located at 12615 Jamaica Ave in Jamaica, NY 11418, the building sits in a high-density area with both foot and vehicle traffic. Tenants also benefit from separated meters for both gas and electric.
With long-term tenants already in place, the building is positioned as a stabilized income property with immediate rental income from day one.
Located at 12615 Jamaica Ave in Jamaica, NY 11418, the building sits in a high-density area with both foot and vehicle traffic. Tenants also benefit from separated meters for both gas and electric.
With long-term tenants already in place, the building is positioned as a stabilized income property with immediate rental income from day one.
Key Highlights
- Fully rented brick mixed‑use building with a high‑visibility storefront and two residential units
- Two residential units include 2 bedrooms and 1 bathroom each
- Renovations completed about 6 years ago with new windows, electrical, and heating system
Local Financial Insights For Apartment 5plus
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 | $77.2k | $46.20 |
| − Vacancy | −$2.9k | −$1.76 |
| EGI | $74.2k | $44.44 |
| − OpEx | −$33.4k | −$20.00 |
| NOI | $40.8k | $24.44 |
1,670 SF · lease $46.20/SF/yr · vacancy 3.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$583.2K
$510.3K – $680.4K
NOI $40,822 @ 7.0% cap · market cap 3.07%
Second Best
Retail
$425.8K
$372.6K – $496.8K
NOI $29,809 @ 7.0% cap · market cap 2.24%
Theoretical Best
Office A
$1.23M
$1.08M – $1.44M
NOI $86,180 @ 7.0% cap · market cap 6.49%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
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FAQs
What type of property is this?
Mixed-use property - Fully rented brick mixed-use building with a high-visibility storefront and two 2BR/1BA residences.
Where is this mixed-use property located?
The property is located at 12615 JAMAICA AVE Jamaica, NY.
What is the asking price?
The asking price for this property is $1,328,000.
What are key features of this property?
This property features: Fully rented brick mixed‑use building with a high‑visibility storefront and two residential units; Two residential units include 2 bedrooms and 1 bathroom each; Renovations completed about 6 years ago with new windows, electrical, and heating system
