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    113-10 Jamaica Ave Queens, NY 11418

    Sponsored
    For Sale
    $1,580,000

    Prime Queens location, 3-unit multi-family.

    Property size:
    2,422 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional investment opportunity presents a three-unit multi-family building situated at 113-10 Jamaica Avenue in Queens, NY 11418. The property, built in 1920, encompasses 2,422 square feet on a 2,422 square foot lot and features three units across three stories. The asking price is $1,580,000, translating to $652.35 per square foot. The building is zoned R6A/R4A, allowing for mixed-use development. The ground floor offers a spacious commercial space with high visibility and significant foot traffic potential, ideal for a variety of retail businesses. This presents a remarkable opportunity for investors seeking strong returns in a desirable Queens location. The property's prime location and versatile zoning make it an attractive investment for both seasoned investors and entrepreneurs. All information is deemed reliable but should be independently verified by the buyer. Offers must be submitted in writing, accompanied by proof of funds or a pre-approval letter.

    Property Features for 113-10 Jamaica Ave

    General Information

    Property type
    Mixed-use properties
    Square Feet
    2,422 SF

    Building Details

    Year Built
    1920
    Buildings
    1
    Stories
    3
    Units
    3

    HighLights

    • Multi‑family building with ground‑floor retail space available for sale.
    • Prime Jamaica Avenue location offers high visibility and foot traffic.
    • Spacious retail space ideal for various uses.
    • Exceptional investment opportunity with significant return potential.
    • Rare multi‑family/mixed‑use offering on Jamaica Avenue.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Queens
    County
    Queens
    State
    New York
    Longitude
    -73.835387714553
    Latitude
    40.697987756309

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    FAQs

    What type of property is this?
    Mixed-use property - Prime Queens location, 3-unit multi-family.
    Where is this mixed-use property located?
    The property is located at 113-10 Jamaica Ave Queens, 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: Multi-family building with ground-floor retail space available for sale.; Prime Jamaica Avenue location offers high visibility and foot traffic.; Spacious retail space ideal for various uses.
    (646) 812-2151
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    113-10 Jamaica Ave Queens, NY 11418
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    Queens, NY 11418
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    113-10 Jamaica Ave Queens, NY 11418
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