Building Details

Building Size 2,866 SF

Year Built 1931

Stories 2

Units 2

Listing Agency: RE/MAX 1st Choice d***@gmail.com Show Phone

Listed By: Duckjae Lee · License #10301203331 Show Phone

Source: Croninreale

Added: Oct 2 Changed: Oct 23 Last Checked: Oct 23 at 9:50AM

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Investment Insights

Based on property information with market context.

This 2,866-square-foot mixed-use property includes a fish market and a three-bedroom apartment. Constructed in 1931, the building is zoned C4-2/R6. Its gas, boiler, and plumbing systems were renovated one year ago.

The property stands directly opposite the LIRR station, with pedestrian activity in the area. The reported cap rate is 6%.

Key Highlights

• Fish market and three‑bedroom apartment in one mixed‑use property
• 2,866 square feet; zoned C4‑2/R6
• Directly in front of the LIRR station

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$51,158

Cap Rate

4.26%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,023,160 $1.0M

Cap Rate 7%

$730,829 $730.8K

Cap Rate 9%

$568,422 $568.4K

Is this asking price fair?

Market Conditions

NOI Build-Up for 2,866 SF

Gross rent

$86.0K $30.00/SF

− Vacancy

−$12.9K −$4.50/SF

EGI

$73.1K $25.50/SF

− OpEx

−$21.9K −$7.65/SF

NOI

$51.2K $17.85/SF

Area

Queens County, NY

Vacancy

15.00%

Lease Rate

$30.00 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,023,160

Cap Rate 7%

$730,829

Cap Rate 9%

$568,422

Alternative Uses

Best Use

Specialty Retail

$1.89M

$1.66M – $2.21M (±1% cap)

NOI $132,646 @ 7.0% cap · market cap 11.05%

Second Best

Retail

$730.8K

$639.5K – $852.6K (±1% cap)

NOI $51,158 @ 7.0% cap · market cap 4.26%

Theoretical Best

Office A

$2.11M

$1.85M – $2.46M (±1% cap)

NOI $147,899 @ 7.0% cap · market cap 12.32%

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

Property Analytics

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Current Use

Fish market Food Market 219 Jamaica Fish ... Specialty Food Shop

Suggested Use

Top Pick Law Firm Skin Care Clinic Gym & Fitness Center Parking Lot & Garage 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.

Lease Details

1

Residential units

Location Intelligence

Trade Area within ½ mile

1,983

Businesses Nearby

46k

Monthly Visits Nearby

Explore this area Business Placement

Foot Traffic Nearby

Groceries 75% Shops & Services 14% Dining 11%

C-Town Supermarkets Groceries

19,248 visits/mo 0.1 miles

Western Beef Groceries

15,102 visits/mo 0.5 miles

Family Dollar Shops & Services

5,867 visits/mo 0.3 miles

Domino's Pizza Dining

2,852 visits/mo 0.2 miles

Little Caesars Pizza Dining

2,186 visits/mo 0.1 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

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Frequently Asked Questions

What type of property is this?

Mixed-use property - The property pairs a fish market with a three-bedroom apartment and renovated gas, boiler, and plumbing systems.

Where is this mixed-use property located?

The property is located at 219-17 Jamaica Avenue Queens Village, NY.

What is the asking price?

The asking price for this property is $1,200,000.

What are key features of this property?

This property features: Fish market and three‑bedroom apartment in one mixed‑use property; 2,866 square feet; zoned C4‑2/R6; Directly in front of the LIRR station