Mixed-Use Building with
For Sale
$1,799,000
8918 Jamaica Avenue, Woodhaven, NY 11421
The property combines one commercial space with four residential apartments along Jamaica Avenue.
Property Size3,300 SF
Price / SF$545.15
Days on Market9
Property Features for 8918 Jamaica Avenue
General Information
Standard status
Active
Size
3,300 SF
Property subtype
Residential Income
Additional Details
Mixed-Use Components
retail, residential
Multifamily Units
4
Taxes and HOA fees
Annual Taxes
$12,937
Amenities
Full
4
No
Yes
6
Built-in Features,High Ceilings
Public
On Street
3300
Building Details
Building Size
3,300 SF
Year Built
1931
Listing Agency:
Do Right Realty
(516) 703-2918
Listed By:
Donna Francavilla
Source:
Hedgestonehomes
Added: Oct 21
Changed: Oct 28
Last Checked: Oct 28 at 2:54PM
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 Do Right Realty
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Investment Insights
Based on property information with market context.
This 3,300-square-foot mixed-use building contains one commercial unit and four residential apartments. Built in 1931, it also features high ceilings and built-in features.
The property is on Jamaica Avenue in Woodhaven, with public transit and on-street parking listed among its exterior features.
The property is on Jamaica Avenue in Woodhaven, with public transit and on-street parking listed among its exterior features.
Key Highlights
- 3,300‑square‑foot mixed‑use property
- One commercial unit and four residential apartments
- Built in 1931
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$80,667
Cap Rate
4.48%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,613,340
$1.6M
Cap Rate 7%
$1,152,386
$1.2M
Cap Rate 9%
$896,300
$896.3K
Market Conditions
NOI Build-Up for 3,300 SF
Gross rent
$152.5K $46.20/SF
− Vacancy
−$5.8K −$1.76/SF
EGI
$146.7K $44.44/SF
− OpEx
−$66.0K −$20.00/SF
NOI
$80.7K $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%
$1,613,340
Cap Rate 7%
$1,152,386
Cap Rate 9%
$896,300
Alternative Uses
Best Use
Apartment 5plus
$1.15M
$1.01M – $1.34M
NOI $80,667 @ 7.0% cap · market cap 4.48%
Second Best
Retail
$841.5K
$736.3K – $981.8K
NOI $58,905 @ 7.0% cap · market cap 3.27%
Theoretical Best
Office A
$2.43M
$2.13M – $2.84M
NOI $170,296 @ 7.0% cap · market cap 9.47%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
2,141
Businesses Nearby
Explore this area
Business Placement
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - The property combines one commercial space with four residential apartments along Jamaica Avenue.
Where is this mixed-use property located?
The property is located at 8918 Jamaica Avenue Woodhaven, NY.
What is the asking price?
The asking price for this property is $1,799,000.
What are key features of this property?
This property features: 3,300‑square‑foot mixed‑use property; One commercial unit and four residential apartments; Built in 1931
