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Two Mixed-Use Buildings with Retail
For Sale
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108-06 & 108-08 Jamaica Avenue, Jamaica, NY 11418

Two three-story mixed-use buildings total 6,600 sf, with ground-floor retail and residential units, plus a renovated basement.

Property Size6,600 SF
Days on Market144

Property Features for 108-06 & 108-08 Jamaica Avenue

General Information

Standard status Active
Size 6,600 SF
Property subtype Retail, Multifamily, Mixed Use

Additional Details

Multifamily Units 6

Amenities

finished renovated basement

Building Details

Year Built 1920
Stories 3
Listing Agency: Roomrs
Listed By: Gidon Naor · License #NY 10401292584
Source: Crexi
Added: Apr 10 Changed: Aug 10 Last Checked: Jul 23 at 3:38PM

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 Roomrs

Investment Insights

Based on property information with market context.

Two three-story mixed-use buildings are offered for sale, totaling 6,600 sf and built circa 1920. The buildings comprise six total units, including a ground-floor retail unit and commercial unit at each address along with residential units above. All units are free-market.

108-06 Jamaica Avenue totals 3,300 sf and includes three residential units plus a ground-floor retail unit currently occupied by a dry cleaners. The retail lease expires 12/31/17 and includes a five-year option with a 3% increase. The building recently received a new gas boiler and water tank.

108-08 Jamaica Avenue totals 3,300 sf and includes three residential units plus a commercial unit currently occupied by a dental lab. The commercial unit is leased to the owner, who is willing to sign a five-year lease with 3% increases and a five-year option. The property also features a finished renovated basement.

Key Highlights

  • Two three‑story mixed‑use buildings in Richmond Hill, NY totaling 6,600 SF, constructed circa 1920
  • Total of six free‑market units: one ground‑floor retail unit plus residential units, with additional commercial space in the second building
  • 108‑06 Jamaica Avenue totals 3,300 SF with 3 residential units and a ground‑floor retail unit currently occupied by a dry cleaners

Property Analytics

Current Use

Storefront properties

Suggested Use

Top Pick Law Firm Real Estate Agency Parking Lot & Garage Gym & Fitness Center Cafe & Coffee Shop Dental Office

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

6
Residential units

Location Intelligence

Trade Area within ½ mile

1,983
Businesses Nearby

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

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Two three-story mixed-use buildings total 6,600 sf, with ground-floor retail and residential units, plus a renovated basement.
Where is this mixed-use property located?
The property is located at 108-06 & 108-08 Jamaica Avenue Jamaica, NY.
What are key features of this property?
This property features: Two three‑story mixed‑use buildings in Richmond Hill, NY totaling 6,600 SF, constructed circa 1920; Total of six free‑market units: one ground‑floor retail unit plus residential units, with additional commercial space in the second building; 108‑06 Jamaica Avenue totals 3,300 SF with 3 residential units and a ground‑floor retail unit currently occupied by a dry cleaners
More about this property
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