Building Details

Building Size 2,720 SF

Year Built 1931

Listing Agency: Hayliam Realty LLC

Listed By: Dinesh Prasad · License #10491212458 Show Phone

Source: Elliman

Added: Nov 28, 2025 Changed: Oct 4 Last Checked: Oct 7 at 1:16PM

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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 Hayliam Realty LLC

Investment Insights

Based on property information with market context.

This mixed-use property features a vacant first floor and two apartments on the second floor. Situated on Jamaica Avenue, the location benefits from significant foot and vehicle traffic. The commercial space encompasses 1,560 square feet, while the residential area totals 1,160 square feet.

Key Highlights

• Mixed‑use property offering both commercial and residential income potential.
• Located on busy Jamaica Ave with high foot and vehicle traffic, ideal for commercial visibility.
• Substantial commercial space of 1,560 sq ft, suitable for various business ventures.

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$66,489

Cap Rate

6.04%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,329,780 $1.3M

Cap Rate 7%

$949,843 $949.8K

Cap Rate 9%

$738,767 $738.8K

Market Conditions

NOI Build-Up for 2,720 SF

Gross rent

$125.7K $46.20/SF

− Vacancy

−$4.8K −$1.76/SF

EGI

$120.9K $44.44/SF

− OpEx

−$54.4K −$20.00/SF

NOI

$66.5K $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%

$1,329,780

Cap Rate 7%

$949,843

Cap Rate 9%

$738,767

Alternative Uses

Best Use

Apartment 5plus

$949.8K

$831.1K – $1.11M (±1% cap)

NOI $66,489 @ 7.0% cap · market cap 6.04%

Second Best

Retail

$693.6K

$606.9K – $809.2K (±1% cap)

NOI $48,552 @ 7.0% cap · market cap 4.41%

Theoretical Best

Office A

$2.01M

$1.75M – $2.34M (±1% cap)

NOI $140,365 @ 7.0% cap · market cap 12.76%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Future Elevation (Bike/Boat/Book/etc) Store

Suggested Use

Top Pick Law Firm Parking Lot & Garage Skin Care Clinic Gym & Fitness Center Acupuncture Cafe & Coffee Shop

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

Location Intelligence

Trade Area within ½ mile

1,947

Businesses Nearby

39k

Monthly Visits Nearby

Explore this area Business Placement

Foot Traffic Nearby

Shops & Services 66% Dining 32% Electronics 2%

Citibank Shops & Services

14,764 visits/mo 0.4 miles

Chase Bank Shops & Services

10,271 visits/mo 0.4 miles

Popeyes Louisiana Kitchen Dining

6,164 visits/mo 0.4 miles

Dunkin' Donuts Dining

6,146 visits/mo 0.4 miles

H&R Block Shops & Services

840 visits/mo 0.4 miles

Demographics for 11428, NY

19,516

Population

6,335

Households

3.1

Avg Household Size

42

Median Age

28%

College-Educated

81%

High-School Grad

0.8 sq mi

ZIP Area

24,395

Density / Sq Mi

$84,977

Median Household Income

$42,146

Median Earnings

$1,827

Median Rent

$666,200

Median Home Value

Market

Vacancy Rate% for Retail in Northeast region

6% 2019

7.1% 2020

6.5% 2021

6% 2022

5.7% 2023

5.6% 2024

6% 2025

Questions? Ask Rey

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What type of property is this? Where is this mixed-use properties located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Mixed-use property - Mixed-use property on Jamaica Ave with commercial and residential spaces.

Where is this mixed-use property located?

The property is located at 212-53 Jamaica Ave Queens, NY.

What is the asking price?

The asking price for this property is $1,100,000.

What are key features of this property?

This property features: Mixed‑use property offering both commercial and residential income potential.; Located on busy Jamaica Ave with **high foot and vehicle traffic, ideal for commercial visibility.**; Substantial commercial space of **1,560 sq ft, suitable for various business ventures.**