Mixed-Use Building with Retail
8505 Jamaica Ave Woodhaven, NY 11421
8505 Jamaica Ave, Woodhaven, NY, 11421
$1,580,000
For Sale
$1,580,000
COMMERCIAL - Woodhaven, NY
Property Size2,035 SF
Lot Size0.05 Acres
Price / SF$776.41
Days on Market9
Property Features for 8505 Jamaica Ave
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Security features
- Security System
- Standard status
- Active
- Size
- 2,035 SF
- Lot size
- 0.05 Acres
Utilities
- Heating system
- Radiant, Hot Water(Heating), Natural Gas
Building Details
- Year built
- 1931
- Floors in Building
- 2
Listing Agency
EXP COMMERCIAL LLC
8554520344x105
165 Broadway STE 2326, NEW YORK, NY
Added: Jul 9 Checked: Jul 17 at 2:06 pm
MLS# 11877548
Copyright © 2026 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This three-unit mixed-use property combines street-level retail with residential space above. The building includes a storefront on the street level and two apartments located on the 2nd floor.
The property is located on Jamaica Ave in Woodhaven, Queens. The listing notes R6A zoning and states the site is next to the J/Z 85 St train station.
The listing also provides underwriting figures, citing a current cap rate of 6.66% and a pro forma cap rate of 7.5%. Additional details, including any buildable potential described by the listing, should be verified as part of due diligence.
The property is located on Jamaica Ave in Woodhaven, Queens. The listing notes R6A zoning and states the site is next to the J/Z 85 St train station.
The listing also provides underwriting figures, citing a current cap rate of 6.66% and a pro forma cap rate of 7.5%. Additional details, including any buildable potential described by the listing, should be verified as part of due diligence.
Key Highlights
- Mixed‑use property with 3 units: a 2,000 SF street‑level retail storefront plus two apartments on the 2nd floor
- R6A zoning with potential buildable; located right next to the J/Z 85 St train station
- Current cap rate of 6.66% and pro forma cap rate of 7.5%
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $94.0k | $46.20 |
| − Vacancy | −$3.6k | −$1.76 |
| EGI | $90.4k | $44.44 |
| − OpEx | −$40.7k | −$20.00 |
| NOI | $49.7k | $24.44 |
2,035 SF · lease $46.20/SF/yr · vacancy 3.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$710.6K
$621.8K – $829.1K
NOI $49,744 @ 7.0% cap · market cap 3.15%
Second Best
Retail
$518.9K
$454.1K – $605.4K
NOI $36,325 @ 7.0% cap · market cap 2.30%
Theoretical Best
Office A
$1.50M
$1.31M – $1.75M
NOI $105,016 @ 7.0% cap · market cap 6.65%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Storefront properties
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FAQs
What type of property is this?
Mixed-use property - Three-unit mixed-use property with a street-level retail storefront and two second-floor apartments in Woodhaven.
Where is this mixed-use property located?
The property is located at 8505 Jamaica Ave Woodhaven, NY.
What is the asking price?
The asking price for this property is $1,580,000.
What are key features of this property?
This property features: Mixed‑use property with 3 units: a 2,000 SF street‑level retail storefront plus two apartments on the 2nd floor; R6A zoning with potential buildable; located right next to the J/Z 85 St train station; Current cap rate of 6.66% and pro forma cap rate of 7.5%
