Three-Property Multifamily
For Sale
$2,889,000
11213 Jamaica Avenue, Richmond Hill, NY 11418
Portfolio combines storefronts, apartments, and a parking lot with an easement connecting the vacant parcel to 112th Street.
Property Size3,420 SF
Days on Market460
Property Features for 11213 Jamaica Avenue
General Information
Standard status
Active
Size
3,420 SF
Total Parking Spaces
20
Property subtype
Multi Family
Taxes and HOA fees
Annual Taxes
$14,786
Building Details
Building Size
3,420 SF
Year Built
1931
Buildings
3
Listing Agency:
Parkside Realty of Queens Inc
(718) 846-3008
Listed By:
Regina L. Santoro Schaefer
Source:
Serhant
Added: May 2, 2025
Changed: Aug 4
Last Checked: Aug 4 at 8:31AM
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 Parkside Realty of Queens Inc
Investment Insights
Based on property information with market context.
This offering includes three properties in Richmond Hill: 112-13 Jamaica Avenue contains one store and four one-bedroom apartments, while 112-15 Jamaica Avenue includes one store and two three-bedroom apartments. The third asset, at 86-29 112th Street, is a vacant lot currently used for parking 20 vehicles. The properties were built in 1931, and an easement provides access from 112th Street to the vacant parcel.
The combined configuration offers a mix of storefront, residential, and parking components across the three addresses. Rental information and operating expenses are referenced in an attachment accompanying the offering.
The combined configuration offers a mix of storefront, residential, and parking components across the three addresses. Rental information and operating expenses are referenced in an attachment accompanying the offering.
Key Highlights
- Three‑property offering spanning 112‑13 Jamaica Avenue, 112‑15 Jamaica Avenue, and 86‑29 112th Street
- Six apartments across the two Jamaica Avenue properties: four 1‑bedroom units and two 3‑bedroom units
- Two storefronts, with one located at each Jamaica Avenue property
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 | $158.0k | $46.20 |
| − Vacancy | −$6.0k | −$1.76 |
| EGI | $152.0k | $44.44 |
| − OpEx | −$68.4k | −$20.00 |
| NOI | $83.6k | $24.44 |
3,420 SF · lease $46.20/SF/yr · vacancy 3.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.19M
$1.05M – $1.39M
NOI $83,600 @ 7.0% cap · market cap 2.89%
Second Best
Retail
$872.1K
$763.1K – $1.02M
NOI $61,047 @ 7.0% cap · market cap 2.11%
Theoretical Best
Office A
$2.52M
$2.21M – $2.94M
NOI $176,488 @ 7.0% cap · market cap 6.11%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
3,061
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
Market
Properties on Market for Multifamily properties in Queens County
Vacancy Rate% for Multifamily 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?
Multifamily property - Portfolio combines storefronts, apartments, and a parking lot with an easement connecting the vacant parcel to 112th Street.
Where is this multifamily property located?
The property is located at 11213 Jamaica Avenue Richmond Hill, NY.
What is the asking price?
The asking price for this property is $2,889,000.
What are key features of this property?
This property features: Three‑property offering spanning 112‑13 Jamaica Avenue, 112‑15 Jamaica Avenue, and 86‑29 112th Street; Six apartments across the two Jamaica Avenue properties: four 1‑bedroom units and two 3‑bedroom units; Two storefronts, with one located at each Jamaica Avenue property
