Jamaica Avenue Mixed-Use
For Sale
$1,100,000
Pending
212-53 Jamaica Ave, Queens, NY 11428
Mixed-use property on Jamaica Ave with commercial and residential spaces.
Property Size2,720 SF
Lot Size0.04 Acres
Days on Market268
Property Features for 212-53 Jamaica Ave
General Information
Standard status
Pending
Size
2,720 SF
Lot size
0.04 Acres
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$17,302
Building Details
Building Size
2,720 SF
Year Built
1931
Listing Agency:
Hayliam Realty LLC
(646) 529-5240
Listed By:
Dinesh Prasad · License #10491212458
(646) 529-5240
Source:
Elliman
Added: Nov 28, 2025
Changed: Aug 17
Last Checked: Aug 23 at 8:59AM
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 = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$66,489
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.04%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
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.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
NOI $66,489 @ 7.0% cap · market cap 6.04%
Second Best
Retail
$693.6K
$606.9K – $809.2K
NOI $48,552 @ 7.0% cap · market cap 4.41%
Theoretical Best
Office A
$2.01M
$1.75M – $2.34M
NOI $140,365 @ 7.0% cap · market cap 12.76%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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.**
