Mixed-Use Building with
14552 Rockaway Boulevard, Jamaica, NY 11436
For Sale
New
$2,199,000
Individual utility service is provided to the residences and commercial spaces.
Property Size4,511 SF
Price / SF$487.48
Days on Market7
Property Features for 14552 Rockaway Boulevard
General Information
Standard status
Size
Property subtype
Zoning
Units
Multifamily Units
Individually Metered Utilities
Additional Details
Mixed-Use Components
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Year Renovated
Units
Listing Agency:
Elite Realty of USA Inc
Listed By:
Chandar Persaud · License #NY10301219700
(718) 757-0938
Source:
Moreandmorerealestate
Added: Nov 1
Changed: Nov 6
Last Checked: Nov 6 at 3:02PM
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 Elite Realty of USA Inc
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Investment Insights
Based on property information with market context.
At 4,511 square feet, this mixed-use property contains two commercial spaces and three residential apartments. Each apartment and commercial space has its own utility service. The building was gut renovated in 2018, and its original construction dates to 1930.
The property is on Rockaway Boulevard in Jamaica, near the JFK Airport corridor. It is zoned R5D.
The property is on Rockaway Boulevard in Jamaica, near the JFK Airport corridor. It is zoned R5D.
Key Highlights
- 4,511‑square‑foot mixed‑use property
- Two commercial spaces and three residential apartments
- Individual utility service for each apartment and commercial space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$110,269
Cap Rate
5.01%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,205,380
$2.2M
Cap Rate 7%
$1,575,271
$1.6M
Cap Rate 9%
$1,225,211
$1.2M
Market Conditions
NOI Build-Up for 4,511 SF
Gross rent
$208.4K $46.20/SF
− Vacancy
−$7.9K −$1.76/SF
EGI
$200.5K $44.44/SF
− OpEx
−$90.2K −$20.00/SF
NOI
$110.3K $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%
$2,205,380
Cap Rate 7%
$1,575,271
Cap Rate 9%
$1,225,211
Alternative Uses
Best Use
Apartment 5plus
$1.58M
$1.38M – $1.84M
NOI $110,269 @ 7.0% cap · market cap 5.01%
Second Best
Retail
$1.15M
$1.01M – $1.34M
NOI $80,521 @ 7.0% cap · market cap 3.66%
Theoretical Best
Office A
$3.33M
$2.91M – $3.88M
NOI $232,789 @ 7.0% cap · market cap 10.59%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
1,099
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
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Market
Properties on Market for Mixed-use properties in Jamaica
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Individual utility service is provided to the residences and commercial spaces.
Where is this mixed-use property located?
The property is located at 14552 Rockaway Boulevard Jamaica, NY.
What is the asking price?
The asking price for this property is $2,199,000.
What are key features of this property?
This property features: 4,511‑square‑foot mixed‑use property; Two commercial spaces and three residential apartments; Individual utility service for each apartment and commercial space
