Building Details

Building Size 2,480 SF

Year Built 1930

Buildings 1

Stories 2

Units 3

Tenancy Multi

Listing Agency: Voro LLC d***@voronyc.com Show Phone

Listed By: Jatinder P. Singh · License #10301215073 Show Phone

Source: Croninreale

Added: Sep 26 Changed: Oct 23 Last Checked: Oct 23 at 9:53AM

Report an Issue

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 Voro LLC

Ask AI about this property

Review the available facts, identify missing information and prepare questions for the agent.

What should I ask the agent before proceeding? What information is missing from this listing?

Investment Insights

Based on property information with market context.

This 2,480-square-foot mixed-use property at 14509 Rockaway Boulevard in Jamaica, Queens, contains three units. The ground-floor commercial space is used as a church, while the upper level has two apartments, each with two bedrooms. Separate utility meters serve the property.

Built in 1930, the property is zoned R5D. Its configuration combines commercial and residential space within one building.

Key Highlights

• Three total units in a mixed‑use building
• 2,480 square feet
• Ground‑floor commercial unit used as a church

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$60,622

Cap Rate

5.52%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,212,440 $1.2M

Cap Rate 7%

$866,029 $866.0K

Cap Rate 9%

$673,578 $673.6K

Is this asking price fair?

Market Conditions

NOI Build-Up for 2,480 SF

Gross rent

$114.6K $46.20/SF

− Vacancy

−$4.4K −$1.76/SF

EGI

$110.2K $44.44/SF

− OpEx

−$49.6K −$20.00/SF

NOI

$60.6K $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%

$1,212,440

Cap Rate 7%

$866,029

Cap Rate 9%

$673,578

Alternative Uses

Best Use

Apartment 5plus

$866.0K

$757.8K – $1.01M (±1% cap)

NOI $60,622 @ 7.0% cap · market cap 5.52%

Second Best

Mixed Use

$456.0K

$399.0K – $532.0K (±1% cap)

NOI $31,918 @ 7.0% cap · market cap 2.90%

Theoretical Best

Office A

$1.83M

$1.60M – $2.13M (±1% cap)

NOI $127,980 @ 7.0% cap · market cap 11.65%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Unlock full access to Insights Subscribe to Realmo Intelligence

Open Analytics

Current Use

Churches & religious facilities

Suggested Use

Top Pick Law Firm Real Estate Agency Dental Office Skin Care Clinic Spa & Massage Center Gym & Fitness Center

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

2

Residential units

Multi-tenant

Tenancy

Location Intelligence

Trade Area within ½ mile

1,080

Businesses Nearby

Explore this area Business Placement

Demographics for 11436, NY

20,620

Population

6,617

Households

3.1

Avg Household Size

38

Median Age

22%

College-Educated

84%

High-School Grad

0.8 sq mi

ZIP Area

25,775

Density / Sq Mi

$86,104

Median Household Income

$42,386

Median Earnings

$2,079

Median Rent

$602,800

Median Home Value

Similar For Sale Nearby

See more

Two-Unit Duplex with Finished Basement

11705 145th Street, Jamaica, NY 11436

$1,099,000

2,475 SF

View details

Two-Family Duplex

114-07 159th Street, Jamaica, NY 11434

$1,099,999

2,500 SF

View details

Duplex Property

90-22 179th Street, Jamaica, NY 11432

$1,099,999

View details

Mixed-Use Property with Medical Office

89-24 146th Street, Jamaica, NY 11435

$949,000

2,480 SF

View details

Duplex with Finished Basement

146-02 180th Street, Jamaica, NY 11434

$1,425,000

2,400 SF

View details

Two-Unit Brick Duplex

14518 106th Avenue, Jamaica, NY 11435

$1,479,999

2,424 SF

View details

Three-Story Duplex

14516 106th Avenue, Jamaica, NY 11435

$1,479,999

2,424 SF

View details

Modern Multifamily Property with Transit Access

12823 Van Wyck Expy, Jamaica, NY 11436

$1,175,000

2,176 SF

View details

Occupied Multifamily Property

14227 122nd Ave, Jamaica, NY 11436

$833,200

2,376 SF

View details

Mixed-Use Building with Storefront

105-14 177th Street, Jamaica, NY 11433

$1,100,000

2,000 SF

View details

Detached Duplex Property

120-02 153rd Street, Jamaica, NY 11434

$1,050,000

3,000 SF

View details

Two-Family Home with Basement Units

13712 249th Street, Jamaica, NY 11422

$1,250,000

2,128 SF

View details

Frequently Asked Questions

What type of property is this?

Mixed-use property - A street-level commercial space is paired with two upper-floor apartments and separate utility meters.

Where is this mixed-use property located?

The property is located at 14509 Rockaway Boulevard Jamaica, NY.

What is the asking price?

The asking price for this property is $1,099,000.

What are key features of this property?

This property features: Three total units in a mixed‑use building; 2,480 square feet; Ground‑floor commercial unit used as a church