Building Details

Building Size 1,920 SF

Year Built 1931

Buildings 1

Units 2

Listing Agency: Realty Executives LAR Group l***@gmail.com

Listed By: Roberto Loubriel Show Phone

Source: Croninreale

Added: Oct 15 Changed: Oct 23 Last Checked: Oct 23 at 4:57PM

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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 Realty Executives LAR Group

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Investment Insights

Based on property information with market context.

This mixed-use property combines a bar business with one residential unit. The bar includes a full kitchen, and the premises also have a basement and patio. The sale includes both the real estate and the bar business.

At 8809 Jamaica Avenue in Woodhaven, the 1,920-square-foot building was constructed in 1931 and is zoned R6A.

Key Highlights

• Includes the bar business and real estate
• One residential unit
• Full kitchen, basement, and patio

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$88,862

Cap Rate

5.23%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,777,240 $1.8M

Cap Rate 7%

$1,269,457 $1.3M

Cap Rate 9%

$987,356 $987.4K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,920 SF

Gross rent

$126.7K $66.00/SF

− Vacancy

−$8.2K −$4.29/SF

EGI

$118.5K $61.71/SF

− OpEx

−$29.6K −$15.43/SF

NOI

$88.9K $46.28/SF

Area

Queens County, NY

Vacancy

6.50%

Lease Rate

$66.00 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,777,240

Cap Rate 7%

$1,269,457

Cap Rate 9%

$987,356

Alternative Uses

Best Use

Specialty Retail

$1.27M

$1.11M – $1.48M (±1% cap)

NOI $88,862 @ 7.0% cap · market cap 5.23%

Second Best

Mixed Use

$353.0K

$308.9K – $411.8K (±1% cap)

NOI $24,710 @ 7.0% cap · market cap 1.45%

Theoretical Best

Office A

$1.42M

$1.24M – $1.65M (±1% cap)

NOI $99,081 @ 7.0% cap · market cap 5.83%

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

Property Analytics

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Current Use

Bars & Pubs

Suggested Use

Top Pick Law Firm Parking Lot & Garage Gym & Fitness Center Cafe & Coffee Shop (Bike/Boat/Book/etc) Store Acupuncture

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

Turnkey business

Opportunity

Location Intelligence

Trade Area within ½ mile

2,141

Businesses Nearby

14k

Monthly Visits Nearby

Explore this area Business Placement

Foot Traffic Nearby

Dining 64% Electronics 24% Shops & Services 12%

KFC Dining

5,906 visits/mo 0.0 miles

Boost Mobile Electronics

3,299 visits/mo 0.2 miles

Domino's Pizza Dining

2,852 visits/mo 0.4 miles

H&R Block Shops & Services

1,708 visits/mo 0.3 miles

Demographics for 11421, NY

42,586

Population

12,776

Households

3.3

Avg Household Size

38

Median Age

26%

College-Educated

79%

High-School Grad

1.3 sq mi

ZIP Area

32,758

Density / Sq Mi

$89,439

Median Household Income

$40,934

Median Earnings

$1,901

Median Rent

$682,800

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 sale includes the bar business, a full kitchen, basement, patio, and one residential unit.

Where is this mixed-use property located?

The property is located at 8809 Jamaica Avenue Woodhaven, NY.

What is the asking price?

The asking price for this property is $1,700,000.

What are key features of this property?

This property features: Includes the bar business and real estate; One residential unit; Full kitchen, basement, and patio