Mixed-Use Building with Dental
17515 Jamaica Avenue, Jamaica, NY 11432
For Sale
$2,500,000
Two residential units complement an operating dental practice in the Downtown Jamaica District.
Property Size7,843 SF
Price / SF$318.76
Days on Market8
Property Features for 17515 Jamaica Avenue
General Information
Standard status
Size
Property subtype
Zoning
Site & Location
Highway Access
Public Transit
Additional Details
Multifamily Units
Property Use
Medical Specialty
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Listing Agency:
Liberty Realty Corp
Listed By:
Deepnarain Mahadeo
Source:
Moreandmorerealestate
Added: Nov 1
Changed: Nov 7
Last Checked: Nov 7 at 3:57PM
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 Liberty Realty Corp
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Investment Insights
Based on property information with market context.
This 7,843-square-foot mixed-use property combines a dental office with two residential apartments. Built in 1931, the building is located in the Downtown Jamaica District of Jamaica, New York.
Key Highlights
- 7,843‑square‑foot mixed‑use property
- Dental office and two residential apartments
- Built in 1931
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$191,718
Cap Rate
7.67%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,834,360
$3.8M
Cap Rate 7%
$2,738,829
$2.7M
Cap Rate 9%
$2,130,200
$2.1M
Market Conditions
NOI Build-Up for 7,843 SF
Gross rent
$362.3K $46.20/SF
− Vacancy
−$13.8K −$1.76/SF
EGI
$348.6K $44.44/SF
− OpEx
−$156.9K −$20.00/SF
NOI
$191.7K $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%
$3,834,360
Cap Rate 7%
$2,738,829
Cap Rate 9%
$2,130,200
Alternative Uses
Best Use
Office B
$3.69M
$3.23M – $4.30M
NOI $258,221 @ 7.0% cap · market cap 10.33%
Second Best
Apartment 5plus
$2.74M
$2.40M – $3.20M
NOI $191,718 @ 7.0% cap · market cap 7.67%
Theoretical Best
Office A
$5.78M
$5.06M – $6.75M
NOI $404,736 @ 7.0% cap · market cap 16.19%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
3,915
Businesses Nearby
Explore this area
Business Placement
Demographics for 11432, NY
65,743
Population
21,618
Households
3
Avg Household Size
39
Median Age
36%
College-Educated
80%
High-School Grad
2.0 sq mi
ZIP Area
32,872
Density / Sq Mi
$75,395
Median Household Income
$37,385
Median Earnings
$1,841
Median Rent
$826,100
Median Home Value
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Market
Properties on Market for Mixed-use properties in Jamaica
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Two residential units complement an operating dental practice in the Downtown Jamaica District.
Where is this mixed-use property located?
The property is located at 17515 Jamaica Avenue Jamaica, NY.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: 7,843‑square‑foot mixed‑use property; Dental office and two residential apartments; Built in 1931
